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, 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.

*IT spending in India is expected to increase to US$ 110.3 billion in 2023 from an estimated US$ 81.89 billion in 2021.

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$ 97.31 billion between April 2000-September 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).

*In September 2022, the new Telecommunications Bill 2022 was published for public consultation by the Ministry of Communications to creating a new telecom framework in India.

Policy Support
Last updated: Feb, 2024

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INDIA FUTURE READY

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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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