The Indian IT sector is expected to reach a value of $86 billion by the end of this fiscal year, according to Nasscom, with the countries IT industry enjoying rapid growth from in-demand IT exports.

Strong financial results for the first two quarters of this year have led to predictions of a 12-14 per cent rise in growth, compared with 2012.

A rise in use of social media, desire for increased flexibility including remote working and global expansion have all contributed to a good year for India’s IT industry.

Growth has also been driven by the increasing use of SMEs in place of large enterprise businesses.

The IT industry also saw an increase in new employment, with 200,000 new staff employed over last year.

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