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IT export growth may lag forecast: Infosys

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Reuters

Posted: Feb 05, 2009 at 1331 hrs IST

New Delhi Growth in Indian exports of software and services this fiscal year could be below a downwardly revised forecast from the peak industry body, a senior official of Infosys Technologies said on Thursday.

"The probability that it will be lower than 16-17 per cent is higher," T.V. Mohandas Pai, an Infosys board member, told reporters on the sidelines of a news conference.

On Wednesday, the National Association of Software and Service Companies (Nasscom) said exports of software and services would grow 16-17 per cent to about $47 billion in the fiscal year ending March, sharply below an earlier forecast as the global slowdown dents outsourcing.

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