Commercial real estate absorption is likely to be affected with the software industry body Nasscom lowering IT export growth target to 8-10% for 2016-17 amid global macroeconomic headwinds, including the fallout of Britain’s exit from the European Union as well as Donald Trump’s victory in the US presidential polls.
At the start of the year, Nasscom had projected 10-12% growth for Indian software services, including business process management, for the current fiscal. Nasscom estimated the incremental revenue addition to be between $8 billion and $10 billion in 2016-17, against $10 billion in 2015-16.
Read more: Economic Times
