An attendee at Nasscom's Leadership Forum in Mumbai last week shared with me a copy of its Strategic Review of the Indian IT-BPO sector for 2009.
It expects India's IT and BPO exports to go up 32% in 2009 in rupee terms. There is currency impact given the rupee's devaluation, but even net of that it would be impressive in this global economy.
Couple of larger Indian firms I have talked to in last month say their growth projections are nowhere near that rosy so not sure how Nasscom is presenting the "sum of the parts" as so high.
Also, the attendee told me attendance at the marquis event appeared to be down roughly 25% from the previous year. A data point which makes Nasscom's forecast stand out even more.
Readers, thoughts on the growth projection?
