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The Dollar Business Bureau  India’s IT software exports are expected to grow at 7-8% during the current financial year 2017-18, which is less than 8-10% in the previous fiscal of 2016-17, the apex trade body NASSCOM said on Thursday. “The outlook for the IT industry in fiscal 2017-18 is 7-8% growth in exports and 10-11% in the domestic market as against 10-12% in 2016-17,” NASSCOM said in a statement. The Indian IT services sector has been coping with a slowdown in the business of banking and financial services, which contributes a major part to the revenues. It has also been impacted by its retail customers facing a sluggish growth from the upsurge of online retail channels. India’s $150-billion IT industry revenues mainly come from Business Process Management (BPM), software ...

The Dollar Business Bureau The domestic consumption story of India is likely to increase three-fold to $4 trillion by 2025 as the increasing affluence levels led to changes in the behaviour of consumers and the patterns of spending which have huge implications for the firms, a report by the BCG said. A minimal year-on-year growth of expenditure of 12% in India is more than two-fold compared to the anticipated world rate of 5% and this will make it the third-biggest consumer market at $4 trillion by 2025, the report said. India is already the third biggest economy with regards to purchasing power. "The consumer market in India is set for fundamental changes,” said Nimisha Jain, a partner at BCG and co-author of the report. ...

The Dollar Business Bureau Google’s Chief Executive Officer Sundar Pichai has launched 'Digital Unlocked', a training programme meant for empowering India’s small and medium businesses (SMBs) to support them to get their businesses online. Currently, India has around 51 million SMBs that contribute 37% to the country’s Gross Domestic Product (GDP). Out of these, just 32% businesses are online or are leveraging the benefits of internet. It is the remaining 68% that Google India wants to empower digitally in 2017, stated Pichai. Google Chief Executive, who is on a short visit to India, reaffirmed Google’s commitment while addressing a gathering of SMBs at an event in New Delhi on Wednesday. “The internet and digital technology will be an engine of growth for the Indian economy. Today, anyone ...

The Dollar Business Bureau This bilateral agreement will enhance the ability to build disruptive experience and innovative solution for CMO led transformation for enterprises especially for Akumina.   Pune-based Persistent System on Wednesday announced that it has fully acquired the digital content management solutions business of US-based Akumina, an InterChange software maker that develops digital businesses platforms using Microsoft SharePoint. Akumina’s content management experts joining Persistent will enhance our ability to build disruptive experiences and innovative solutions for CMO led transformations for enterprises,” said Mike Stipe, Senior Vice President, Persistent Systems. “Digital content has exploded in all forms across enterprises and technologies for managing such content are at the core of marketing led digital transformation. Integral to those transformations is user experience ...