IT export growth may lag forecast: Infosys

The probability that growth will be lower than 16-17 pct is higher,an Infosys board member said.

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.