Indian Economy News

Indian tech sector to grow by 8.4% in FY23 to US$ 245 billion: NASSCOM

  • IBEF
  • March 2, 2023

The Indian technology industry is set to grow by 8.4% in FY23 to become a US$ 245 billion sector, National Association of Software and Services Companies (NASSCOM) said.

The industry lobby reported in its strategy review that the sector generated US$ 226 billion in revenues in FY22.

About 2.90 lakh new jobs to take the overall number to 54 lakh employees in the sector and the top-five companies have a strong deal pipeline of US$ 18 billion.

The industry is well on its way to becoming a US$ 500 billion sector by 2030.

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