‘Cautiously Positive’ outlook for Indian IT in 2018

IT

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Nasscom said that the information technology (IT) sector of India’s outlook is ‘cautiously positive’ for the year 2018.  Eliminating speculation about 2018 being the comeback year for the concerned industry, the president of the industry body Nasscom, R Chandrasekhar has clarified neither was a decline or a massive revival was predicted for this year. He added that people proclaim a major revival very quickly, which is a problem.

He said there are many phase lag and the outlook for the current year is ‘cautiously positive’. For short-term the global economy is good; US economy is doing well, which usually does translate into greater IT spending even though it may not be visible today. There are old challenges as well as new once. 

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