Indian IT & BPM Industry Analysis

India's IT industry is likely to hit the US$ 350 billion mark by 2026 and contribute 10% towards the country’s GDP.

Advantage India

Growing
Demand

*In FY22, the top three Indian IT companies, TCS, Wipro and Infosys, were expected to offer 1.05 lakh job opportunities due to the increasing demand for talent and skill.​

*India‘s IT and business services market is projected to reach US$ 19.93 billion by 2025.​

*The IT spending in India is estimated to record a double-digit growth of 11.1 percent in 2024, totaling $138.6 billion up from $124.7 billion last year.

Growing Demand

Global
Footprint

*Indian IT firms have delivery centres all across the world.

*IT & BPM industry is well diversified across verticals such as BFSI, telecom and retail.​

*Increasing strategic alliance between domestic and international players to deliver solutions across the globe.​​

Global Footprint

Competitive
Advantage

*India’s technology industry is on track to double its revenue to US$ 500 billion by 2030.​

*India’s overall Digital Competitiveness Score of 60 (on 100), ahead of every BRICs nations besides China, refelects the rise of tech talent in the country,​

Competitive Advantage

Policy
Support

*In the Union Budget 2024-25, the allocation for IT and telecom sector stood at Rs. 1,16,342 crore (US$ 13.98 billion).​

*The government prioritizes cybersecurity, hyper-scale computing, AI, and blockchain. With data costs at Rs. 10/GB ($0.12/GB), India ranks among the world's cheapest.​

Policy Support
Last updated: Jan, 2025

Posters

MORE
INDIA FUTURE READY

INDIA FUTURE READY

India is the topmost offshoring destination for IT companies across the world. Industry is expected to grow to US$ 19.93 billion by 2025.

IBEF Campaigns

MORE
Discover India 2024

Discover India 2024

APEDA is organizing participation in SIAL Paris 2024 scheduled to be held f...

Aatmanirbhar Bharat Utsav 2024

Aatmanirbhar Bharat Utsav 2024

Union Minister of External Affairs, Dr. S. Jaishankar and Union Commerce an...

Case Studies

MORE

India's Electric Vehicle Revolution: Trends, Challenges and Opportunities

India's Electric Vehicle Revolution: Trends, Challenges and Opportunities

The electric vehicle (EV) market around the globe is experiencing significant expansion, as countries aim to reduce carbon emissions and transition to...

India’s Renewable Energy Boom: The Power of Solar and Beyond

India’s Renewable Energy Boom: The Power of Solar and Beyond

India is undergoing a transformative shift toward renewable energy, driven by the need to sustainably meet its growing demand for electricity while re...

Hydrogen Energy in India: Roadmap and Implementation of the National Hydrogen Mission

Hydrogen Energy in India: Roadmap and Implementation of the National Hydrogen Mission

Hydrogen energy is emerging as a pivotal piece in the global shift towards sustainable energy solutions, particularly as the world grapples with an ur...

IBEF BLOG

MORE
How Kerala's Rich Cultural Tourism and Thriving Industries Boost Its Economy
5 Feb 2025

How Kerala's Rich Cultural Tourism and Thriving Industries Boost Its Economy

Kerala is renowned for its diverse geographical features of stunning beache...

How the Digital India Programme is Revolutionizing Governance
4 Feb 2025

How the Digital India Programme is Revolutionizing Governance

India is a fast growing, emerging country. Various industries and areas in ...

The Rise of SaaS in India: Trends and Future Outlook
30 Jan 2025

The Rise of SaaS in India: Trends and Future Outlook

The Software as a Service (SaaS) industry in India has grown over the past ...

Partners
Loading...