- India's technology sector is projected to expand by 6.1% to reach $315 billion in revenue for the current fiscal year, with similar growth anticipated next fiscal year.
- This significant expansion is primarily fueled by artificial intelligence-led services and the business generated by global capacity centers, according to industry reports.
- Despite facing challenges such as tepid demand and concerns over AI disruption, the sector remains robust.
- The industry body Nasscom forecasts the addition of 135,000 net jobs, bringing the total headcount to 5.95 million in fiscal year 2026.
- As Reuters reported, the sector's growth is driven by AI-led services and global capacity centers, highlighting a strategic pivot towards high-value, innovation-led offerings.
- Nasscom also revised its revenue estimate for the previous fiscal year upward to $297 billion, reflecting stronger-than-expected performance in certain segments.
India's Tech Sector Eyes $315B in FY26
India's technology sector is projected to reach an impressive $315 billion this fiscal year, expanding by 6.1% primarily due to booming AI-led services and global capacity centers. Despite facing challenges, this robust expansion is set to create 135,000 net jobs, underscoring the sector's resilience and strategic pivot towards high-value innovation.
Editorial Process: This article was drafted using AI-assisted research and thoroughly reviewed by human editors for accuracy, tone, and clarity. All content undergoes human editorial review to ensure accuracy and neutrality.
Reviewed by: Alex Martinez
Report an issue with this article
Please sign in to report issues with this article.
Live discussion about this article
Comments
Comments are disabled for this article.
