RT team
India’s tech industry is on a remarkable trajectory, projected to achieve $300 billion in revenue by FY26, according to Nasscom’s Annual Strategic Review 2025. This growth is attributed to the rising adoption of artificial intelligence (AI), engineering R&D, and the expansion of Global Capability Centers (GCCs).
In FY25, the industry grew by 5.1%, adding $13.8 billion to reach $282.6 billion in revenue. Key sectors driving this growth include engineering R&D and GCCs, which continue to evolve as hubs for high-value services and product engineering. Nasscom reported over 1,750 GCCs in 2024, with revenue evenly split between global MNCs and Indian providers.
AI remains a pivotal force, with more than 55% of Indian tech firms focusing on scalable, future-ready AI solutions. Notably, 90% of the top 20 services companies are integrating AI, Cloud, and Generative AI into business operations, while 10-15% of enterprise Generative AI projects are moving to full-scale production.
Domestic tech spending outpaced exports for the second consecutive year, reflecting a 7% growth in domestic revenues. Expanding e-commerce, with an annual growth rate of 35%, and a 21% increase in data center capacity, have further fueled the sector’s momentum.
The broader digital economy now contributes 12% to India’s GDP, with public infrastructure adding 1%. Despite global challenges, the industry remains a net hirer, set to add 126,000 new jobs and increase its workforce to 5.8 million by FY25.
Nasscom emphasized the importance of workforce upskilling to sustain this unprecedented growth.
