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Valuation Insights: Practical challenges in valuing software- related intangibles
The Indian IT industry has demonstrated its coming of age through its resilience in 2013, when global and domestic markets continued to showcase a lack-lustre performance. As per the industry body NASSCOM, the IT-BPO industry, aside from crossing the US$ 100 billion mark in 2012, also clocked a 13% growth in exports and a 9.5% growth in sales in the domestic market in 2013. Further, for the fiscal year 2015, exports are expected to grow at an annual rate of 12.3%, with domestic growth expected to clock 14%.