Will The Indian Software Industry See Strong Revenue Growth In 2020?

By Author: Neelima Ls
Total Articles: 84
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The IT industry and the associated sectors have been major contributors in fuelling the Indian economy for the past many years. According to a report, the Indian software industry brought in a revenue of over $800 Million in 2019 and this figure is estimated to increase further in the year 2020. From SaaS (Software as a Service) to ITES (Information Technology Enabled Services) and IT exports, each aspect has seen growth and continues to do so. The IT industry has been instrumental in creating a name for India around the world. As an offering from a growing economy in the world, the industry is all set to design and offer superlative IT products and services to companies in India and beyond.
the fact that Indian economy is growing faster than many other economies in the world leads to a considerable rise in the valuations of the Indian equity stocks. Overall, the software sector report indicates that with the best use of the available resources, the said market can foresee a strong revenue growth in 2020.

Source: Launchship