Market watchers are bullish on the IT sector in the near-term and Sudin Apte, CEO and Research Director, Offshore Insights Research, in an interview with CNBC-TV18 echoed this saying that the industry is likely to grow by 8-10 percent in the upcoming fiscal.
“The growth expected from technology sector in India can be in a range of 8-10 percent or slightly higher than that,” he said.
“We do expect double digit growth by some of the leaders and slightly sluggish growth for mid-tier and some of the struggling providers,” he mentioned.
He believes that the digital adoption rate is substantially increasing.
For more, watch the video
(Edited by : Abhishek Jha)
Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!
Gonda Lok Sabha election: BJP's Kirti Vardhan Singh takes on Beni Prasad Verma's granddaughter Shreya
May 19, 2024 10:19 PM
Faizabad Lok Sabha election: Can Ayodhya Ram Temple strengthen BJP's stronghold here?
May 19, 2024 10:16 PM
Amethi Lok Sabha election: Can BJP's Smriti Irani retain the Congress bastion she won in 2019?
May 19, 2024 10:12 PM
Rae Bareli Lok Sabha Election: Can Rahul hold on to this Gandhi family bastion?
May 19, 2024 10:09 PM