The Indian tech industry is projected to achieve $300 billion in revenue by FY26, according to a Nasscom report released on Monday. The report also estimates that the industry will add at least 126,000 net new employees in the current fiscal year (FY25), bringing the total workforce to 5.8 million.
*Strategic Resilience Amid Shifting Dynamics*
Amid shifting global economic patterns and evolving market dynamics, the current fiscal year has been one of strategic resilience for the Indian tech industry. Segments such as engineering R&D and global capability centres (GCCs) have driven growth for the sector.
According to Nasscom’s ‘Annual Strategic Review 2025,’ the tech industry grew by 5.1%, adding $13.8 billion in incremental revenue. This growth took the total industry revenue to over $282.6 billion (including hardware) in FY2025E.
*Domestic Tech Spending Outpaces Export Growth*
India’s digital economy, driven by sustained growth in domestic tech spending, outpaced export growth for the second consecutive year. Domestic tech revenues registered a 7% annual increase from FY24.
Increased adoption of enterprise software and cloud solutions, alongside a 21% growth in data centre capacity, has further driven this momentum, according to the report.
*Key Drivers of Industry Shifts*
Nasscom Chairperson Sindhu Gangadharan highlighted key drivers of industry shifts: “Enhanced AI implementation, rise of Agentic AI disrupting business models, and increasing maturity of GCCs as hubs for value and transformation are driving the industry shifts.”
As technology becomes deeply intertwined with global geopolitics and trade dynamics, enterprises must prioritize tech skills transformation within the workforce. “Building resilient organizations and investing in digital trust will be critical to shaping these trends and sustaining the tech industry’s long-term growth,” Gangadharan added.
*Contribution to the Digital Economy*
The broader digital economy now contributes an estimated 12% to India’s GDP, with Digital Public Infrastructure adding a 1% value boost. E-commerce continues to expand rapidly, growing at a 35% annual rate, with projected gross merchandise value (GMV) nearing $200 billion.
*Future Growth Driven by Tech Skill Intensity*
Nasscom President Rajesh Nambiar emphasized that India’s tech skill intensity will be a critical driver of future growth. While overall AI adoption remains measured, over 55% of AI activity by Indian tech services firms is focused on building long-term co-creation partnerships to develop scalable, future-ready AI solutions.
The Indian tech industry’s strategic resilience and sustained growth in digital adoption are set to propel it towards achieving $300 billion in revenue by FY26, creating a significant impact on the global tech landscape.
See insights and ads
पोस्ट को प्रमोट करें · Promote post
Like
Comment
Send
Share
