If all’s well, Hyderabad IT sector expected to grow at 10% in FY21: Report

Despite slowdown due to COVID-19, the Information Technology sector located here is expected to grow around 10 per cent during the current financial year, a whitepaper by Hyderabad Software Enterprises Association (HYSEA) said.

The Whitepaper, which was prepared along with KPMG, CBRE and Telangana government, was released by Minister for IT and Industries KT Rama Rao on Thursday.

“There is a slowdown expected in FY21, but the industry in Hyderabad is still anticipating growth of around 10 per cent.But this is subject to further uncertainties as we see second and third waves of COVID-19 in many countries,” it said.