So how big is the IT/ITES pie? Well, the global IT & ITeS market (excluding hardware) reached US$ 1.2 trillion in 2016-17, while the global sourcing market increased by 1.7 times to reach US$ 173-178 billion.
India remained the world’s top sourcing destination in 2016-17 with a share of 55 per cent. Indian IT & ITeS companies have set up over 1,000 global delivery centres in over 200 cities around the world. There’s no doubt India is the prime off-shore destination for IT companies across the world. US$ 150 billion Indian IT industry’s export revenue is expected to grow at at least 7-8% and domestic market revenue is projected to grow at 10-11 per cent in 2017-18.
In fact, it’s fair to say that the industry has led the economic transformation of the country and altered the perception of India in the global economy.
Why Choose Gromor for a Small Business Loan
Small businesses in the IT and ITES sector that are looking to mitigate their working capital and growth needs would do well to consider Gromor.
We furnish unsecured business loans at attractive interest rates on fair and reasonable terms. These terms are arrived at with the help of scientific evaluation algorithms and technology. All of which ensures your application is evaluated properly and the loan amount disbursed swiftly.
We are available during business hours across many channels. You can connect with us via email/whatsapp/phone/web chat on our website.
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