Indian IT sector to reach $300-bn by FY26
Indian tech sector’s revenues are set to grow 5.1 per cent to $282.6 billion in FY25, and likely to climb up further to $300 billion in FY26, lobby grouping Nasscom said on Monday
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Mumbai: Indian tech sector’s revenues are set to grow 5.1 per cent to $282.6 billion in FY25, and likely to climb up further to $300 billion in FY26, lobby grouping Nasscom said on Monday. The revenue growth is on the ‘right trajectory’, the body’s president Rajesh Nambiar told reporters here, pointing out to revenue growth of 4 per cent in FY24, 5.1 per cent in FY25 and the over 6.1 per cent needed to cross its expectation of crossing $300 billion in FY26.
“It has been a good outcome broadly given everything happening around us,” Nambiar said pointing to aspects like geopolitics, and tariffs which are dominating the worries at present. Nasssom said the sector, which includes IT services companies, business process management companies, global capability centres and e-Commerce companies, added 1.26 lakh new jobs in FY25 to take the overall employment to 58 lakh.
Nambiar hinted that the industry will continue to add employees in the same pace that it did last year. The Indian IT sector’s FY25 growth is likely to be faster than the 4.7 per cent growth in global tech services spending in the calendar year 2024, Nasssom said, adding that India’s share in global sourcing stood at 58 per cent as of FY25.
