Higher IT Spending Bodes Well for Sector
Growth trend in the IT sector expected to continue on the back of interest rate hikes
IT sector revenues expected to grow substantially
Speaking at Asian House in London last week, IT Minister, Ravi Shankar Prasad said that India’s Information Technology and Business Management sector is expected to grow to $350 billion by 2025. Total revenues of the sector in 2015–16 was $129 billion, which increased to $167 billion in 2017–18. This is expected to grow to $350 billion over the next 7 years.
India’s IT exports has also been growing significantly–it stood at $107 billion in 2015–16 and increased to $125 billion in 2017–18.
Read more about investing in this sector in our postweek report on Making smalltalk.
You can invest in this theme with the smallcase IT Tracker. The tracker has gained 68.61% over the previous year compared to Nifty returns of 11.40%.
India’s first-ever Tourism Mart in September
With an aim to increase tourist footfalls, India will organize its first-ever India Tourism Mart (ITM) for three days in September 2018. The Mart will provide a platform for stakeholders in the tourism and hospitality industries to interact and transact business opportunities.
Approximately, 300+ international buyers, influencers, bloggers etc are expected to attend the event. The event will also provide an opportunity to the buyers to see the world class tourism facilities available in India.
Read more on Making smalltalk.
You can invest in this theme with the Incredible India smallcase. The smallcase consists of companies from the travel and tourism industry that possess immense growth opportunities.
