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IT industry to reach $194 billion in FY21, despite fall in tech spends

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According to Nasscom’s annual strategic report, “Independent components of the tech industry, except engineering and R&D, grew in the 2 to 5% range. Of the total revenues, IT services accounted for $99 billion, BPM $38 billion, and e-commerce $57 billion (including e-tail which grew 82% while e-travel contracted 75%).”

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February 16

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