India’s IT spend to reach $80 bn: Gartner

Despite global economic conditions, IT spending is projected to grow at 9.1% to $79.8 bn in 2012 against $73.1 bn in 2011

Top-tier IT companies record over 21% growth despite worries

The combined revenue of TCS, Infosys, Wipro and HCL grew 8%, helped by rupee depreciation against the dollar and volume growth

IT industry will grow in double digits in FY12: Nasscom

Nasscom today maintained its projection of 16-18% growth for the sector notwithstanding the economic uncertainty in the US and European markets

Hiring activities to a year-low in October: Naukri

Hiring activities across sectors witnessed slump in October due to uncertainty in the global economic outlook

Global outsourcing market shows signs of slowdown: Everest

Everest in its report said that the number of outsourcing worldwide reduced to 472 in Q3 2011 from 503 in Q3 2010 and 516 transactions in Q2 2011

Kerala to host NASSCOM Executive meet for the first time

The Executive Council is the highest decision making body of Nasscom and consists top Indian business leaders

BPO industry ignores macro challenges

In case of a slowdown in the US economy, the impact on India’s USD 17 billion BPO industry would be minimal, and might actually help growth.

Are BPOs outpacing IT sector growth?

The cumulative growth over the last ten years suggest that the BPO industry has outpaced the IT industry though from an absolute number, the latter is streets ahead

India Information Technology report Q3 2011

India’s technology and business services revenues accounted for 6.1% of GDP in fiscal 2010, up from 1.2% in 1998

US rating downgrade may affect IT hiring

The IT sector is expecting almost 26 per cent dip in recruitment in IT industries from first quarter of FY’12

Aegis plans to hire 4000 locally in the US

Many of the jobs that Aegis will create in US will be seasonal as well as temporary to permanent

IT industry confident of withstanding US downturn

The US accounts for almost 60 per cent of the revenues for the USD 60 billion Indian IT industry