OUTLOOK FOR IT SECTOR IN 2014 – BANGALORE SHINING !!! 2014


BANGALORE IT MARKET IS SHINING

A BRIGHT FUTURE FOR BANGALORE IN 2014

IT exports are likely to reach $86 billion in the current fiscal year ending in March, 2014.

NASSCOM – predicts that the IT EXPORTS will be fuelled by the Europe market by $108 billion drive, BECAUSE EUROPE IS GROWING FASTER THAN UNITED STATES and the LION`S share – 80% will be – Which Country will Grab? NO DOUBT – IT IS INDIA.

North America accounts for over 60 per cent of revenues of Indian IT exporters, while the European region contributes about 20 per cent with the UK making up for the bulk of that share. Indian IT companies are also ramping up presence in Europe as they face uncertainty in the US market. For European companies, many of them which have seen prolonged economic slowdown, Indian IT firms not only offers cost advantage but also high quality of work.

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