IT Sector

March 21, 2025 12:21 PM

India’s MSMEs in IT sector to propel $450 billion services export target: Piyush Goyal

Recognizing the rapid growth of India’s Micro, Small, and Medium Enterprises (MSMEs) in the Information Technology (IT) sector, Union Minister of Commerce & Industry, Piyush Goyal, highlighted the sector’s crucial role in achieving the country’s ambitious $450 billion services export target. Speaking at the Global Confluence 2025 organized by Nasscom in New Delhi on Thursday, Goyal emphasized that MSMEs in industries such as IT, tourism, business accounting, and financial services are ...

March 12, 2025 7:53 PM

India’s IT services firms likely to post 4-6% revenue growth in FY 2026

Indian IT services companies are expected to record a moderate 4-6% growth in USD terms in FY 2026, according to an ICRA report released on Wednesday. ICRA anticipates that attrition levels will stabilize around the long-term average of 12-13%. Moreover, hiring is likely to remain low until the growth momentum picks up by the end of FY 2026, the report states. Deal wins for the 15 leading large- and medium-sized listed Indian IT services companies have remained resilient in recent quarters. In...

February 24, 2025 4:30 PM

India’s tech sector poised to reach valuation of $350 billion in five years: Rajnath Singh

India’s technology sector is projected to reach a valuation of $300-350 billion over the next five years, Defence Minister Rajnath Singh said on Monday. Speaking at the 16th Foundation Day of the Indian Institute of Technology (IIT) Mandi in Himachal Pradesh, Singh urged students to seize opportunities to drive technological progress both domestically and globally. “With more than 1.25 lakh start-ups and 110 unicorns, our country is emerging as the third-largest startup ecosystem in the wo...