Advantage India
Growing
Demand
*Strong growth in demand for export from new verticals.
*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.
*By 2025, the Indian software product industry is projected to hit Rs. 8,62,000 crore (US$ 100 billion) as companies seek to expand globally.
*India‘s IT and business services market is projected to reach Rs. 1,71,796 crore (US$ 19.93 billion) by 2025.
*The IT spending in India is estimated to record a double-digit growth of 11.1% in 2024, totaling Rs. 11,89,560 crore US$ 138.6 billion up from Rs. 10,74,914 crore (US$ 124.7 billion) last year.
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.
Competitive
Advantage
*India’s technology industry is on track to double its revenue to Rs. 43,10,000 (US$ 500 billion) by 2030.
*India’s overall Digital Competitiveness Score of 60 (on 100) , Ahead of every BRICs nations besides China, reflects the rise of tech talent in the country.
*Japanese investments in the Indian IT sector grew 4X between 2016-20. Investments stood at US$ 9.2 billion over the last two decades.
Policy
Support
*The Union Budget 2025-26 has sanctioned Rs. 2,000 crore (US$ 232 million) to accelerate AI adoption and infrastructure development.
*The Union Budget 2025-26 allocates Rs. 500 crore (US$ 58 million) for a Centre of Excellence in AI for Education, aiming to enhance skills, personalize learning, and transform education.
*The government prioritizes cybersecurity, hyper-scale computing, AI, and blockchain. With data costs at Rs. 10/GB (US$ 0.12/GB), India ranks among the world's cheapest.
*The Ministry of Electronics and Information and Technology (MeitY) had approved 14 eligible applicants under the Production Linked Incentive scheme (PLI) for IT hardware.
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