Tata Consultancy Services
A man walks out of the office of Tata Consultancy Services (TCS) in Mumbai, IndiaReuters

National Association of Software and Services Companies (Nasscom) expects the Indian IT outsourcing sector export revenue to grow by 12-14% for the financial year, starting 1 April 2015.

The industry lobbying body expects IT service to clock $112 billion in sales for 2015. This augurs well with the estimated rise of 12% for the current financial year.

As the global economy revives, Indian biggies – Tata Consultancy Services (TCS) and Infosys Ltd –have seen client budgets start to expand and more business flowing their way. The Western nations are expected to post considerably better economic figures, on the back of broad growth across sectors.

The reverse in the global economic conditions have propelled outsourcing firms to remain bullish on technology infrastructure management and development of software applications to clients based in the West.

Some of the major outsourcing firms see almost 75% of their revenue come from the United States and Europe alone, according to Reuters.