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Tech industry revenue: Tech industry revenue to touch $254 billion this fiscal: Nasscom

The projected 3.8% growth is despite a 50% slide in tech spending and 6% decline in tech contracts in 2023 globally. This means the industry has added $9.3 billion incremental revenue in the fiscal, Nasscom said. ....

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Tech industry revenue growth slows down, to reach $253.9 billion in FY24: Nasscom

Overall growth projection has slowed down to 3.8%, as compared to an 8.4 percent growth the tech industry body had projected in the previous fiscal year. ....

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India 3rd largest digitalised country among G20 nations: Report, ET Telecom

G20 Presidency: Most global indices do not completely capture the path of digitalisation adopted by developing countries, according to the State of India s Digital Economy (SIDE) 2024 report by the Indian Council for Research on International Economic Relations (ICRIER) and the global consumer internet group Prosus. ....

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India's tech sector growth rate seen halving to 3.8% in FY24

The National Association of Software and Service Companies (Nasscom) expects the industry's revenue to grow 3.8% to $253.9 billion, compared with the previous fiscal year's 8.4%. The expansion this year will likely be driven by lower- to mid-single-digit contributions from all segments, including information technology, business process management, software products, engineering research and development, Nasscom said. Software exports, comprising services and sale of products to clients, fell 3.3% to $199 billion as opposed to a 11.4% growth in the previous year. ....

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Excessive focus on regulation will hamper India's AI potential: Nasscom chief, ET Telecom

Ai Regulation: Debjani Ghosh, president of Nasscom, warns that excessive focus on regulations will hinder India s AI potential. Less than 35% of companies worldwide effectively use AI, and thinking of AI with fear prevents its deployment at scale. Unlocking AI potential is crucial, and a change in the regulation mindset is needed. ....

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