NASSCOM

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 ...

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...

February 20, 2025 2:47 PM

India to transform into high-income country with GDP of $23–$35 trillion by 2047

India is set to transform into a high-income country with a projected GDP of $23–$35 trillion by 2047, driven by sustained annual growth of 8-10 percent, according to a report on Thursday. This will be powered by India’s demographic dividend, technological innovation, and sectoral transformation, according to the report by Bain & Company and Nasscom. With nearly 200 million individuals expected to enter the workforce in the coming decades, India has a unique opportunity to drive high-v...

September 13, 2024 9:10 PM

Billion-Dollar Dreams: How India-UAE Tech Alliance is Shaping the Future of Innovation

A high-profile delegation from the National Association of Software and Service Companies (NASSCOM) visited the UAE this week and is actively exploring market opportunities, investment prospects, and the legal framework in the UAE, aimed at boosting the Indian technology industry's footprint in the region. The NASSCOM delegation also attended the two-day AI and Web3 summit at Madinat Jumeirah, Dubai. During a key address at a business event on September 13th at Dubai, the. NASSCOM lea...