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Industry body Nasscom is expecting the $150-billion Indian IT industry to deliver a strong performance next fiscal year on a revival in tech spends of the financial sector and demand growth from the US clients. "There are reasons to be optimistic about the year ahead (2018-19). We continue to see that there are green shoots... The demand side prognosis looks positive," Nasscom President R Chandrasekhar told news agency Press Trust of India. Elaborating on the positive cues, Mr. Chandrasekhar said he expects a revival of financial sector investments (into technology) and a greater hardening of demand in the US.
"There is also a lot of re-strategizing by the Indian companies as well," Mr. Chandrasekhar pointed out.
He added that companies are also focusing on re-skilling employees on new digital technologies to drive growth.
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