India preferred partner in the global tech ecosystem: President of NASSCOM, Mr. Rajesh Nambiar

India has emerged as a preferred partner in the global technology ecosystem, driven by its expanding digital economy and deep talent pool, according to the President of the National Association of Software and Service Companies (NASSCOM), Mr. Rajesh Nambiar. Speaking at the Global Confluence 2025, Mr. Rajesh Nambiar stated that India's information technology (IT) industry is projected to close FY25 with a valuation of Rs. 24,43,988 crore (US$ 283 billion), surpassing Rs. 25,90,800 crore (US$ 300 billion) in FY26. He highlighted that India's digital economy is expected to contribute over Rs. 86,36,000 crore (US$ 1 trillion) to the Gross Domestic Product (GDP) by 2030, reinforcing the nation's role as a key player in global technology advancements. 

With a workforce of 5.8 million professionals, India accounts for 28% of the global Science, Technology, Engineering, and Mathematics (STEM) talent pool and 23% of the world's software engineering professionals. The country is home to 34,000 technology startups, including 3,600 deep-tech startups, driving innovation in artificial intelligence (AI) and quantum computing. India’s robust digital infrastructure and the rapid growth of Global Capability Centres (GCCs) have strengthened its technology and innovation hub position. Nambiar emphasised that India's ability to attract foreign investment and foster a thriving startup ecosystem positions it as a critical partner in shaping the future of the global technology industry. 

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.