* 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.
* 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.
* 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.
* 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.
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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