What is future of IT industry in India?

The Indian IT industry is expected to touch the $300-$350 billion revenue mark over the next five years growing 10% a year. The report highlights also said that one of the biggest trends that will shape the future of technology will be that tech intensity will increase from 3% of revenue to 5% of revenue.

What is the future in IT sector?

India’s technology services industry can achieve $300-350 billion in annual revenue by 2025 if it can exploit the fast-emerging business potential in cloud, artificial intelligence (AI), cybersecurity and other emerging technologies, according to a report by industry body Nasscom and global consulting firm McKinsey …

Which industry will grow in India in future?

India is rapidly scaling up its infrastructure in order to sustain its growth. India’s manufacturing sector is also developing fast, with world-class companies such as Bharat Forge, Tata Motors, and Mahindra. India’s healthcare industry will grow to over £40 billion in the next three years.

How is the IT industry in India growing?

Overview of Indian IT IndustryThe Indian IT industry is growing steadily despite the global meltdown in the year 2009. When the wholeof the world witnessed the negative growth, Indian IT industry still managed to register a growth of5.5%.

How big is the software industry in India?

Indian software product industry is expected to reach US$ 100 billion by 2025. Indian companies are focusing to invest internationally to expand global footprint and enhance their global delivery centres. In line with this, in February 2021, Tata Consultancy Services announced to recruit ~1,500 technology employees across the UK over the next year.

What is future of information technology industry in India?

The Indian government has identified and isolated 12 very genius ITES sectors and has dedicated 5000 crores of funding for realizing the potential of these services. Services include Blockchain, IoT, Artificial Intelligence, Virtual Reality, Cloud Computing, and others.

Which is the best report on Indian IT / ITeS industry?

The CII – PwC report on “Indian IT / ITeS industry – Evolving Business Models for Sustained Growth” aims to look beyond the visible horizon into emerging trends and business models that would define the future of this industry.