New Delhi, Feb. 26 -- The performance of India's technology companies seems to be at variance with the latest count by the industry's apex body. While Nasscom has projected a meagre 5.1% growth for the industry in FY25, a year when the Big Five of the IT industry have fared well, its revised estimate for FY24 pegged growth at nearly 10%, when the same companies had reported their weakest growth ever.

On Monday, Nasscom said the IT industry should end with $283 billion in revenue in FY25, which would mean a 5.1% growth from the year-ago period. Surprisingly, for the first time in a quarter of a century, it revised its FY24 revenue estimate from the $253.9 billion set in September to $268.8 billion. Nasscom also restated numbers for the pe...