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Currency will pose headwinds for IT cos: Nasscom

According to R Chandrashekhar, President, Nasscom, digital has been the fastest-growing business for the industry, growing by 15 percent for the past 2-3 years.

Currency will pose headwinds for IT cos: Nasscom

Several IT companies have warned of cross currency headwinds in Q4 and R Chandrashekhar, President, Nasscom, expects this phenomenon to continue. However, he said that project delays faced by specific companies do not show the market trend.

According to Chandrashekhar, digital has been the fastest-growing business for the industry, growing by 15 percent for the past 2-3 years. He feels political and economic environment in European Union is one of the reasons for low growth.

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