India’s software services exports will see revenue growth of 7-9% in constant currency terms in the fiscal year to March 2019, a leading lobby group forecast, as the industry continues to recover from what has been a tough year. The forecast, which was put out at the annual summit of the Nasscom, is in line with the 7.8% revenue growth it expects in the six months to the end of March 2018. The country’s $154-billion information technology sector has been buffeted by a broader slowdown in technology spending, while uncertainty looms over work visa rules in the US, the biggest market for Indian software services firms. There is still some turbulence and it is not clear how some of the known uncertainties will play out. However, FY 2019 is likely to be a better year. However, finding fresh talent to work on AI-driven solutions could be a key constraint.

(Live Mint)