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IT industry to benefit in a big way with demonetization: NASSCOM

23 Nov 2016 Evaluate

Amid the larger debate on pros and cons of demonetization, IT industry body NASSCOM has said that Indian IT industry would benefit in a big way due to the demonetisation drive if it is able to adapt to changed scenario and to adapt itself to the solutions that are required.

Nasscom Chairman C P Gurnani said the IT industry body wants to discuss with the Government on how it can contribute to achieving aims behind the drive in terms of solutions and applications, as in lot of areas, the need for data analytics, the need for mass availability of applications can be readily used in a multi-lingual environment.

Nasscom would deliberate on how to re-energise the industry at a meeting in Bhubaneswar in the coming week. The industry body had recently downgraded the growth prospects for India’s IT exports this year to a range of 8 per cent to 10 per cent, from its earlier forecast of 10 per cent to 12 per cent, citing uncertainties arising from growing anti-globalisation rhetoric in the developed world.