India’s Information Technology (IT) sector has witnessed extraordinary growth over the past decade, emerging as a major contributor to exports and employment. The industry has expanded rapidly, with its revenue surging from ₹10,13,148 crore (US$ 118 billion) in FY15 to a projected ₹24,29,838 crore (US$ 283 billion) in FY25. According to the National Association of Software and Services Companies (NASSCOM), export revenue is also expected to reach ₹19,23,264 crore (US$ 224 billion), reinforcing India’s position as a global IT hub.
The Indian government has played a crucial role in supporting the IT sector through various initiatives and policy measures. Some of the key steps taken include:
To keep up with the industry’s rapid expansion, the government has launched several skill development programmes to train IT professionals and bridge the talent gap. Notable initiatives include:
The Indian startup ecosystem has flourished, thanks to dedicated government efforts aimed at nurturing innovation and entrepreneurship. Some of the key initiatives include:
India’s IT sector continues to be a key driver of the global digital economy, with its contribution extending beyond software services. The industry has diversified into areas such as fintech, e-commerce, and digital transformation, catering to both domestic and international markets.
With ongoing policy support and a focus on emerging technologies, India’s IT industry is set to maintain its upward trajectory. The sector’s continued expansion will further boost employment, enhance exports, and reinforce India’s status as a global technology powerhouse.
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.
Published on: Mar 28, 2025, 2:06 PM IST
Suraj Uday Singh
Suraj Uday Singh is a skilled financial content writer with 3+ years of experience. At Angel One, he excels in simplifying financial concepts. Previously, he cultivated his expertise at a leading mortgage lending firm and a prominent e-commerce platform, mastering consumer-focused and engaging content strategies.
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