{"id":4255,"date":"2025-02-24T11:57:37","date_gmt":"2025-02-24T11:57:37","guid":{"rendered":"https:\/\/trending.niftytrader.in\/?p=4255"},"modified":"2025-05-14T18:18:07","modified_gmt":"2025-05-14T12:48:07","slug":"indias-tech-sector-poised-for-stronger-growth-in-fy25-to-surpass-300-billion-by-fy26-nasscom","status":"publish","type":"post","link":"https:\/\/www.niftytrader.in\/markets\/indias-tech-sector-poised-for-stronger-growth-in-fy25-to-surpass-300-billion-by-fy26-nasscom\/","title":{"rendered":"India\u2019s Tech Sector Poised for Stronger Growth in FY25, to Surpass $300 Billion by FY26: Nasscom"},"content":{"rendered":"<h2 data-start=\"106\" data-end=\"130\">Highlights:<\/h2>\n<ul data-start=\"131\" data-end=\"644\">\n<li data-start=\"131\" data-end=\"257\">Nasscom forecasts India\u2019s tech sector revenue to grow 5.1% to $282.6 billion in FY25, surpassing $300 billion in FY26.<\/li>\n<li data-start=\"258\" data-end=\"331\">Software exports expected to rise 4.6% to $224.4 billion in FY25.<\/li>\n<li data-start=\"332\" data-end=\"421\">The industry to add 126,000 net new jobs, pushing total workforce to 5.8 million.<\/li>\n<li data-start=\"422\" data-end=\"537\">Growth driven by increased AI adoption, expansion of Global Capability Centers (GCCs), and Engineering R&amp;D.<\/li>\n<li data-start=\"538\" data-end=\"644\">IT majors like TCS, Infosys, and HCLTech signal early signs of recovery in discretionary spending.<\/li>\n<\/ul>\n<h2 data-start=\"646\" data-end=\"706\">India\u2019s Tech Industry on a Steady Growth Trajectory<\/h2>\n<p data-start=\"708\" data-end=\"1052\">India\u2019s technology sector is set to experience accelerated growth in FY25, with revenues projected to rise by 5.1% to $282.6 billion, according to the National Association of Software and Service Companies (Nasscom). The sector, which saw 4% growth in FY24, is expected to cross the $300 billion milestone by FY26.<\/p>\n<p data-start=\"1054\" data-end=\"1223\">A major contributor to this growth is the expansion of Global Capability Centers (GCCs) and the rising prominence of Engineering Research &amp; Development (ER&amp;D).<\/p>\n<h2 data-start=\"1225\" data-end=\"1273\">Software Exports and Job Growth Outlook<\/h2>\n<ul data-start=\"1275\" data-end=\"1626\">\n<li data-start=\"1275\" data-end=\"1396\">Software exports, including IT services and product sales, are set to increase by 4.6% to $224.4 billion in FY25.<\/li>\n<li data-start=\"1397\" data-end=\"1536\">The Indian tech sector will see a net addition of 126,000 jobs, bringing the total workforce to 5.8 million by the end of FY25.<\/li>\n<li data-start=\"1537\" data-end=\"1626\">In FY24, total employment in the industry grew to 5.67 million from 5.58 million.<\/li>\n<\/ul>\n<h2 data-start=\"1628\" data-end=\"1671\">AI and GCCs Reshaping the Industry<\/h2>\n<p data-start=\"1673\" data-end=\"1921\">The adoption of Artificial Intelligence (AI) is playing a pivotal role in transforming India\u2019s IT sector. The rise of Agentic AI, which enables autonomous task execution through AI agents, is reshaping traditional business models.<\/p>\n<p data-start=\"1923\" data-end=\"2002\">According to Sindhu Gangadharan, Chairperson of Nasscom, factors such as:<\/p>\n<ul data-start=\"2003\" data-end=\"2206\">\n<li data-start=\"2003\" data-end=\"2038\">Enhanced AI implementation,<\/li>\n<li data-start=\"2039\" data-end=\"2105\">The evolution of GCCs into high-value innovation hubs, and<\/li>\n<li data-start=\"2106\" data-end=\"2206\">Growing focus on digital trust and resilience<br data-start=\"2157\" data-end=\"2160\" \/>are driving sustainable industry growth.<\/li>\n<\/ul>\n<h2 data-start=\"2208\" data-end=\"2262\">IT Giants Witness Recovery in Client Spending<\/h2>\n<p data-start=\"2264\" data-end=\"2532\">Leading IT service providers such as Tata Consultancy Services (TCS), Infosys, and HCLTech have indicated early signs of revival in discretionary spending, following a challenging 2024 where global clients delayed decision-making and cut budgets.<\/p>\n<p data-start=\"2534\" data-end=\"2720\">While AI advancements pose potential disruption to traditional IT service models, Indian IT firms are adapting by integrating AI-powered solutions into their service offerings.<\/p>\n<h2 data-start=\"2722\" data-end=\"2786\">Technology, Geopolitics, and Future Industry Challenges<\/h2>\n<p data-start=\"2788\" data-end=\"3038\">Nasscom emphasizes that the intersection of technology, geopolitics, and trade policies demands a proactive approach from enterprises. Workforce transformation, digital trust, and resilience-building will be key to long-term sustainability.<\/p>\n<p data-start=\"3040\" data-end=\"3261\">With AI-driven innovations, increasing global outsourcing, and expanding GCC operations, India\u2019s IT sector is on track for steady long-term growth, reinforcing its position as a global technology powerhouse.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Highlights: Nasscom forecasts India\u2019s tech sector revenue to grow 5.1% to $282.6 billion in FY25, surpassing $300 billion in FY26. Software exports expected to rise 4.6% to $224.4 billion in FY25. The industry to add 126,000 net new jobs, pushing total workforce to 5.8 million. Growth driven by increased AI adoption, expansion of Global Capability [&hellip;]<\/p>\n","protected":false},"author":4,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[615],"tags":[],"ppma_author":[1331],"class_list":{"0":"post-4255","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-stock-market-news"}," _eael_post_view_count":0,"authors":[{"term_id":1331,"user_id":4,"is_guest":0,"slug":"sourabh","display_name":"Sourabh Sharma","avatar_url":{"url":"https:\/\/trending.niftytrader.in\/wp-content\/uploads\/2025\/11\/Sourabh-Sharma.png","url2x":"https:\/\/trending.niftytrader.in\/wp-content\/uploads\/2025\/11\/Sourabh-Sharma.png"},"0":null,"1":"","2":"","3":"","4":"","5":"","6":"","7":""}],"_links":{"self":[{"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/posts\/4255","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/comments?post=4255"}],"version-history":[{"count":3,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/posts\/4255\/revisions"}],"predecessor-version":[{"id":8725,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/posts\/4255\/revisions\/8725"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/media\/4256"}],"wp:attachment":[{"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/media?parent=4255"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/categories?post=4255"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/tags?post=4255"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/ppma_author?post=4255"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}