IT sector grows by 19%

Notwithstanding the uncertain global economic environment, currency volatility, debt crisis and protectionism in its largest market, the Indian Information Technology sector is estimated to have grown by 19 per cent in the financial year 2011, clocking revenue of $76 billion.

According to the annual review by industry body Nasscom, India's outsourcing industry has witnessed a rebound and registered better than expected growth.

Nasscom had, last year, projected a 13-15 per cent growth.