NASSCOM strategic review 2008 key findings states that Indian IT-BPO revenue aggregate expected to reach USD 64 billion by in FY2008 exhibiting a growth of over 33 per cent. Industry is optimistic of achieving its aspired target for FY2010 of USD 60 billion in software and services exports and USD 73-75 billion in overall software and services revenues. It is also probable that direct employment reach nearly 2 million, exports at USD 40.8 billion and domestic market at USD 23.2 billion.

NASSCOM announced the key findings of the Strategic Review 2008. Findings indicate software and services exports are expected to cross USD 40 billion and the domestic market is expected to touch USD 23 billion in FY08. Positive market indicators and a strong track record strongly support the optimism of the industry in achieving its aspired target of USD 60 billion in software and services exports and USD 73-75 billion in overall software and services revenues, by FY2010.

The Strategic Review 2008 will be formally released at the NASSCOM's upcoming conference - India Leadership Forum, scheduled from February 13-15th 2008 in Mumbai. In addition to the direct positive impacts on national income growth, foreign exchange reserve accumulation and employment generation, the sector has also spawned several ancillary industries, triggered a rise in direct-tax collections and propelled an increase in consumer spending, attributed to the significantly higher disposable incomes. It is estimated that every rupee earned in the Indian IT-BPO sector induces nearly another rupee of economic spending in the rest of the economy and every job created in the sector induces the creation of 4 more jobs in the economy.

The Strategic Review 2008 reviews various aspects relating to the Indian IT-BPO sector's performance in 2007. The report estimates the growth expected in the current fiscal FY2008, detailing the service line trends observed across the various industry segments over the past year and assessing India's competitiveness as a sourcing destination. It analyses the sustainability of each individual factor contributing to India's leadership position and provides a view of the outlook projected for the global and Indian IT-BPO industries - outlining the opportunities, challenges and agenda for key stakeholders to further extend India's leadership in this space.

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