The growth targets and industry revenue size as claimed by industry body Nasscom are taken with a pinch of salt by the analysts’ community. Photo: Pradeep Gaur/MintNasscom has deferred the release of its annual revenue forecast for the financial year 2017-18 by a quarter. In any case, Nasscom’s practice of providing a growth forecast in the first half of February was strange. As such, the growth targets and industry revenue size as claimed by the industry body are taken with a pinch of salt by the analysts’ community. Prima facie, it seems that the deferment of Nasscom’s guidance gives credence to this view.

Source: Mint February 20, 2017 02:15 UTC