Indian IT sector lobby group sees export growth at 7-8pc for 2017-18

A leading lobby group for India's IT industry on Thursday forecast the sector's export revenues to grow at 7-8 percent for the year to March, around the growth levels seen last year, as the industry faces continued headwinds from the US market.

The more-than-$150 billion industry saw exports rising 7.6 percent last year, according to a statement from The National Association of Software and Services Companies (NASSCOM).

Revenue for the domestic market is projected to grow at 10-11 percent in 2017/18, NASSCOM added.

Sarabjit Kour Nangra, vice president of IT research at Angel Broking, said the statement was "broadly in line with the outlook given by industry players and hence holds no big surprise".

India's IT industry is facing uncertainty as U.S. President Donald Trump considers tougher visa rules, raising fears of higher labor costs as companies look at hiring more expensive US workers.