16-18% IT export target this fiscal achievable: NASSCOM

BANGALORE: The momentum for outsourcing services business is positive and the 16-18 per cent growth estimates for IT exports from India in the current fiscal is achievable, industry body NASSCOM said today.

"The momentum is positive", President of the National Association of Software and Services Companies (NASSCOM) Som Mittal said here.

"There will be all time concerns about deficit financing. Inflation by and large is not impacting this (IT exports) momentum and we continue to keep our guidance of 16-18 per cent", he told reporters on the sidelines of a function.

"I think it is achievable", he added. In January, the Indian IT industry went to the campuses and made about 1,50,000 recruitment offerings, Mittal said, adding that companies would not make such offerings if they were not confident about the business growth.