Business Daily from THE HINDU group of publications
Tuesday, Nov 11, 2008
ePaper | Mobile/PDA Version | Audio | Blogs
Business Daily from THE HINDU group of publications Tuesday, Nov 11, 2008 ePaper | Mobile/PDA Version | Audio | Blogs |
|
|
|
|
|
Info-Tech
-
Industry Associations Nasscom sounds upbeat Our Bureau New Delhi, Nov. 10 The Natioanl Association of Software and Services Companies (Nasscom) on Monday said while the industry’s growth may possibly come at the lower end of the targeted range of 21-24 per cent for the financial year 2009, the decision-making in the US could pick up in one-two quarters as banks and financial services companies undergo merger and consolidation. “Surely the developments in the US will have some impact; we have already lowered the expectation. Compared to a growth rate of 30 per cent seen in the previous years, this year we had targeted 21-24 per cent growth. It may come at the lower end of the range,” the Nasscom President, Mr Som Mittal, said on the sidelines of a cyber security awareness seminar. “The speed of bad news has slowed down, and people are thinking about what to do on integration and mergers. We will see some decision-making in the coming quarters,” he said. Mr Mittal said the spending in sector such as healthcare, utilities, entertainment, gaming and animation would continue. “The decision making on new projects could pick up in one-two quarters as companies undergo merger, consolidation and change in regulation,” he said, adding that this would in turn revive some of the budgets during the second half of the year. H2 growth may be slower, says Nasscom No need to get panicky on slowdown: Nasscom More Stories on : Industry Associations | Software
Article E-Mail :: Comment :: Syndication :: Printer Friendly Page
|
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | The Hindu ePaper | Business Line | Business Line ePaper | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |
Copyright © 2008, The
Hindu Business Line. Republication or redissemination of the contents of
this screen are expressly prohibited without the written consent of
The Hindu Business Line
|
