Digitisation key to IT industry growth: Nasscom

Digital opportunities and skills will pave the future of the IT-BPM industry in India, National Association of Software and Services Companies (Nasscom) said on Wednesday.

Global economic uncertainties are leading to a cautionary outlook among CEOs, but they expect digitisation initiatives to continue with the same momentum, Nasscom said in a release.

“Digitalisation initiatives are at the core of business transformation and may be less impacted by somewhat lower growth in major economies,” said Debjani Ghosh, President, Nasscom.

The industry lobby ended the practice of forecasting annual growth, saying it was cautiously optimistic about 2019, citing rising global economic uncertainties arising out of the trade dispute and protectionism.

The sector will continue to invest in building products and platforms, upskill its talent pool and drive greater collaboration across the ecosystem, he added.

Nasscom discontinued the annual growth forecast from this year.