Technical Debt Remains Major Challenge To Achieve $One Trillion Digital Economy Goal: CAST CEO

Global software intelligence leader CAST on Monday said that it believes technical debt is India’s most pressing tech challenge in its pursuit of becoming a global technology powerhouse. “India understands software better than any other country,” said Vincent Delaroche, founder and CEO of CAST, during his recent visit to India.

“As the country moves toward its ambitious target of becoming a $one trillion digital economy by 2030, addressing software complexities, including the significant burden of technical debt, is a vital factor to sustain the growth trajectory,” he added.

Technical debt, defined as the accumulation of outdated or inefficient code, imposes a global cost of over $1.3 trillion annually, according to McKinsey, and India is no exception. As one of the fastest-growing IT ecosystems globally, Indian enterprises face the dual challenge of modernising legacy systems while delivering scalable and secure software solutions.

“Technical debt is more than a bottleneck. It’s an unseen cost that undermines agility and innovation. CAST equips Indian enterprises with the tools to identify and eliminate inefficiencies, helping them maintain a competitive edge in the global tech arena,” Delaroche explained.