India’s digital sector eyes $300Bn mark in FY26: Nasscom forecast
MUMBAI, INDIA — Mumbai’s financial district buzzed with activity as industry bigwigs gathered for Nasscom‘s annual forecast. The mood was cautiously upbeat as the IT body unveiled its projections for India’s burgeoning tech sector.
Steady growth amid global uncertainty
Nasscom predicts the tech industry will rake in $282.6 billion for FY25, a 5.1% uptick. This growth spans various segments, with IT services expected to hit $137.1 billion, up 4.3%. Business process outsourcing (BPO) is not far behind, set to climb 4.7% to $54.6 billion.
The star performer is engineering research and development, forecasted to leap 7% to $55.6 billion.
Rajesh Nambiar, Nasscom’s chief, offered a measured take on these figures. “This is a good outcome broadly given everything happening around us,” he told reporters, his words tinged with cautious optimism.
Jobs and domestic demand surge
The sector’s growth is not just about rupees and dollars. Nasscom sees 126,000 new jobs on the horizon, pushing the tech workforce to 5.8 million by FY25’s close.
Interestingly, home-grown demand is outpacing foreign appetite. While export revenues are tipped to rise 4.6% to $224.4 billion, domestic revenues could jump 7% to $58.2 billion. This shift hints at a maturing internal market for tech services within India’s borders.
Nasscom forecast for India’s tech sector
Looking ahead to FY26, Nasscom expects the industry to breach the $300 billion revenue mark, a 6% climb from FY25. This milestone underscores the sector’s resilience and its key role in India’s economic story.
As global markets shift and new tech emerges, India’s digital sector seems ready to roll with the punches. With balanced growth across the board and a keen eye on both local and international markets, the industry is gearing up for whatever comes next in our fast-changing digital landscape.
