Nasscom pegs Indian IT industry revenue at $194 billion for FY21
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Last Updated: Feb 15, 2021, 04:28 PM IST
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Synopsis
The Indian IT industry now accounts for 8% of India’s GDP and has a 52% share in services exports from the country.
Mumbai | Bengaluru: National Association of Software and Service Companies (Nasscom) has said that the Indian IT industry is pegged to report revenue of $194 billion in FY21 at a growth rate of 2.3% year on-year.
The three key areas of technology that the IT industry will focus on building offerings in are artificial intelligence, cybersecurity, and internet of things. “One of our biggest focuses is on developing a very strong ecosystem and regulatory framework for these three technologies,” said Debjani Ghosh, president at Nasscom.