India’s journey in the global technology arena is no longer just about being a low-cost outsourcing hub. It has transformed into a leading innovation partner, a strategic enabler of digital transformation, and a significant contributor to the global digital economy.
Speaking at the Global Confluence 2025, Mr. Rajesh Nambiar, President of NASSCOM, highlighted India’s pivotal role in the global tech ecosystem, backed by robust growth projections and a powerful talent engine.
According to Mr. Nambiar, India’s IT industry is expected to close FY25 at ₹24,43,988 crore (US$ 283 billion), with projections to exceed ₹25,90,800 crore (US$ 300 billion) by FY26. This growth not only signifies India’s expanding global footprint but also reinforces its capacity to deliver cutting-edge technology services and products across industries.
India’s digital economy is projected to contribute more than ₹86,36,000 crore (US$ 1 trillion) to the country’s GDP by 2030. This milestone reflects the cumulative impact of digital adoption across government, enterprises, and consumers, driven by emerging technologies and innovative platforms.
India’s tech evolution is heavily backed by its human capital. With a workforce of 5.8 million IT professionals, the country contributes 28% of the global STEM talent pool and 23% of all software engineering professionals worldwide. This demographic edge is positioning India as a global hub for next-gen tech development.
India’s startup ecosystem continues to flourish, with over 34,000 technology startups and 3,600 deep-tech ventures focused on areas such as artificial intelligence and quantum computing. This surge in deep-tech reflects the country’s strategic shift towards building intellectual property and solving complex global challenges through innovation.
The increasing number of Global Capability Centres (GCCs) across India signifies the confidence that multinational corporations have in the country’s tech capabilities. These centres not only provide critical support functions but also serve as innovation hubs for global enterprises.
India’s ability to attract sustained foreign investment in its technology sector is another key highlight. This inflow supports infrastructure development, R&D initiatives, and the scaling up of high-potential startups. Mr. Nambiar noted that these developments further strengthen India’s position as a preferred partner in the global technology supply chain.
India’s ascent in the global technology ecosystem is fuelled by a mix of scale, skill, and strategic intent. With a thriving startup ecosystem, a world-class talent pool, and a growing influence in deep-tech innovation, India is no longer just a participant—but a shaper of the future global digital landscape.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
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Published on: Mar 24, 2025, 2:02 PM IST
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