Old economy sectors to cross IT sector

Business Standard reports that old economy sectors such as retail, mining and power transmission are showing faster growth than software service in the past three years. Software companies have been growing at a three year compound rate of 33% and retail, mining and power transmission are growing at a much faster pace. Of the three, retail is the fastest growing sector, growing at a three year compound rate of 46.64%, mining sector at 44.8% and power transmission at 36.6%. Pantaloon Retail has an impressive growth rate of 57%.