Motilal Oswal
    NIFTY 50
Motilal Oswal

No sign of a global slowdown; expect good growth for IT industry, says Hexaware

Updated : February 21, 2019 09:14 AM IST

Hexaware chairman Atul Nishar believes there is no sign of a global slowdown and hence, he says it would be fair to assume growth will continue to be good for the IT industry.

“Overall the US economy is doing very well. The growth in the economy is sustaining and as on today, there is no sign of a global slowdown that everyone is afraid of that at some point it will come ... there is no sign that it will happen in the next few months. So it would be fair to assume one-year growth should continue to be good for the industry. The companies are continuing to invest more particularly in digital technologies and the budgets next year are higher than last year. So I would believe that the growth next year for the industry would be better than last year,” he said, from the sidelines of the Nasscom India Leadership Forum.

“The entire growth today is coming because of digital technologies. The companies are investing in cloud, in analytics, in AI, in robotics ... the traditional applications - the budgets are getting cut and the new technologies - the investments are significantly higher,” he added.
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