IT & BPM Industry in India

India’s technology industry revenue was estimated to be US$ 245 billion in FY23.

Advantage India

Growing
Demand

* In FY22, the top three Indian IT companies, TCS, Wipro and Infosys, are 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.

* According to Gartner estimates, IT spending in India was forecasted to be US$ 81.89 billion in 2021 and further increase to US$ 101.8 billion in 2022.

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

* In FY21, India ranked third worldwide with 608,000 cloud experts across all verticals, including technology.

* The computer software and hardware sector in India attracted cumulative foreign direct investment (FDI) inflows worth US$ 94.92 billion between April 2000-March 2023.

Competitive Advantage

Policy
Support

* In the Union Budget 2023-24, the allocation for IT and telecom sector stood at Rs. 97,579.05 crore (US$ 11.8 billion).

* The government introduced the STP Scheme, which is a 100% export-oriented scheme for the development and export of computer software, including export of professional services.

Policy Support
Last updated: Aug, 2023

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

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