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.
*The IT spending in India is estimated to record a double-digit growth of 11.1 per cent in 2024, totaling $138.6 billion up from $124.7 billion last year.
Global
Footprint
*Indian IT firms have delivery centres all across the world.
*IT & BPM industry is well diversified across verticals such as BFSI, telecom and retail.
*Increasing strategic alliance between domestic and international players to deliver solutions across the globe.
Competitive
Advantage
*India’s technology industry is on track to double its revenue to US$ 500 billion by 2030.
*India’s overall Digital Competitiveness Score of 60 (on 100) , Ahead of every BRICs nations besides China, refelects 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
*In the Union Budget 2024-25, the allocation for IT and telecom sector stood at Rs. 1,16,342 crore (US$ 13.98 billion).
*The government prioritizes cybersecurity, hyper-scale computing, AI, and blockchain. With data costs at Rs. 10/GB ($0.12/GB), India ranks among the world's cheapest.
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