Software industry lobby Nasscom on Wednesday said they are discontinuing the practice of giving out revenue growth forecasts for the industry.
The decision was announced at the ongoing Nasscom Technology and Leadership Forum 2019.
Nasscom will offer only guidance under which it is “cautiously optimistic” about FY20 given the increasing global macroeconomic headwinds, it said.
The Nasscom said growing protectionist tendencies and the lack of talent as key challenges facing the industry and arresting faster growth.
With inputs from PTI.