Indian IT Industry










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Indian IT Industry INDIAN INFORMATION TECHNOLOGY AT A GLANCE IN 2015 - 2016 Indian IT Industry


The Indian IT sector is estimated to expand at a CAGR of 9.5 per cent to US$ 300 billion by 2020. Technically strong English-speaking Indians have helped India emerge as a global hub of the IT industry. India has grown to be one of the world's largest IT sourcing destination. It accounts for approximately 67 per cent of the US$ 124-130 billion IT market. The Indian IT industry employs about 10 million workforces.

The Indian IT and ITeS industry is divided into four major segments namely, IT services, Business Process Management (BPM), software products and engineering services, and hardware. The IT-BPM sector which is currently valued at US$ 143 billion grew at a Compound Annual Growth Rate (CAGR) of 8.3 per cent year-on-year to US$ 143 billion for 2015-16. The sector contributed to about 9.5 per cent of India’s Gross Domestic Product (GDP) and more than 45 per cent in total services export in 2015-16. The Indian IT sector is expected to grow at a rate of 12-14 per cent for FY2016 . The sector is also expected triple its current annual revenue to reach US$ 350 billion by FY 2025, as per National Association of Software and Services Companies (NASSCOM). India, is now home to over 3,100 tech start-ups, is set to increase its base to 11,500 tech start-ups by 2020, as per a report by NASSCOM .


Indian Information Technology in 2015-2016
AIndia’s internet economy is expected to touch Rs 10 trillion (US$ 146.72 billion) by 2018, accounting for 5 per cent of the country’s GDP, according to a report by the Boston Consulting Group (BCG) and Internet and Mobile Association of India (IAMAI). India’s internet user base reached over 350 million by June 2015, the third largest in the world, while the number of social media users grew to 143 million by April 2015 and smart-phones grew to 160 million.

Public cloud services revenue in India reached US$ 838 million in 2015, growing by 33 per cent year-on-year.

The computer software and hardware Industry in India attracted cumulative Foreign Direct Investment (FDI) inflows worth US$ 20.42 billion between April 2000 and December 2015, according to data released by the Department of Industrial Policy and Promotion (DIPP).

The Indian e-commerce segment is US$ 12 billion in size and is witnessing strong growth and thereby offers another attractive avenue for IT Industry growth.

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