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.
* 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, a 24.31% YoY increase.
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
* 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$ 81.31 billion between April 2000 and December 2021.
Policy
Support
* In the Union Budget 2022-23, the allocation for IT and telecom sector stood at Rs. 88,567.57 crore (US$ 11.58 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.
Related News
MORESector-wise breakup of export revenue FY19
- IT Services
- BPM
- E R&D and software products
Posters
MORE
IT Companies in India
India has the fastest internet traffic growth globally and is expected to have 348 million users by 2017, up from 138 million in 2012.
IBEF Campaigns
MORE
Experience India - Dubai Expo 2020
From the small towns and districts of India come the big-hearted artists wh...
Geographical Indicators of India
The Geographical Indications Registry is set up for administration of the G...
Case Studies
MOREPromoting Indian Textile And Apparel Exports
The global textile market is estimated to reach US$ 1,412.5 billion by 2028 and would expand at a CAGR of 4.4% from 2021 to 2028. Rapidly changing tre...
The Potential Of Cottage Industry Trade
A cottage industry is a small business engaged in manufacturing and operated from the owner’s homes. Cottage industries form an important part o...
India's Climate Vision
Climate change and global warming are the biggest threats of the present time and how the world manages to control pollution will define our future. R...
IBEF BLOG
MORE
Merchandise Exports Scaling New Heights
The Merchandise Industry of India India's share in global merchandise ...
Importance of India’s Blue Economy
Introduction to Blue Economy Blue Economy is defined by the World Bank as ...
Joint Ventures in India's Automobile Industry
India's Automobile Industry India is the fifth largest vehicle market ...
Partners
