Indian tech industry

February 24, 2025 3:10 PM

Indian tech industry to hit $300 billion revenue in FY26, workforce to reach 5.8 million in FY25

The Indian technology industry is projected to achieve $300 billion in revenue by the financial year 2026, according to a report by Nasscom. For the current fiscal year (FY25), the sector is expected to add approximately 126,000 net new employees, bringing the total workforce to 5.8 million. Amid evolving global economic conditions and shifting market dynamics, FY25 has been a year of strategic resilience. Segments such as engineering research and development (ER&D) and global capability ce...

Indian tech industry grows 3.8% in FY24, employs 5.43 million people

The technology sector in India grew by 3.8% in FY24, reaching a valuation of $254 billion, despite a challenging economic environment. According to the '2025 Tech Trends Report' by Grant Thornton Bharat, the sector employed 5.43 million professionals during the year, marking a 1.1% growth in employment. Key areas of focus included generative AI, cloud, and cybersecurity skills. Expansion into tier-2 and tier-3 cities is being viewed as a potential solution to bridge talent shortages in...