Due to the ongoing financial market uncertainty British finance minister Alistair Darling cuts forecast for growth of the British economy this year to 1.75 – 2.25 %.
The British economy grew by 3.1 percent in 2007, according to recent official data.
According to NASSCOM (National Association of Software and Service Companies) revenue from managing computer networks and operating call centers for foreign clients from India will climb 32% to $52 billion in the year ending March 31.
The revenue would exceed a July forecast of $50 billion estimates.
The Indian government has forecast the country’s economic growth is set to slow to 8.7 percent for the year to March, down from 9.6 percent previously.