The Indian tech industry is projected to reach $300 billion revenue in FY26, a Nasscom report said on Monday, adding that in the current fiscal (estimated), the industry will add at least 126,000 net new employees, taking the total workforce to 5.8 million.
Amid shifting global economic patterns and evolving market dynamics, the current fiscal (FY25) has been a year of strategic resilience, with segments such as engineering R&D and global capability centres (GCCs) driving growth for the technology industry in India.
According to the ‘Annual Strategic Review 2025' by the IT industry’s apex body, growing at 5.1 per cent, the tech industry added $13.8 billion incremental revenue, taking the total industry revenue to over $282.6 billion (including hardware), in FY2025E.
India's digital economy driven by sustained growth in domestic tech spending outpaced export growth for the second consecutive year, with domestic tech revenues registering a 7 per cent annual increase from FY24.
The momentum has been further driven by increased adoption of enterprise software and cloud solutions, alongside a 21 per cent growth in data centre capacity driving increased investments, the report mentioned.
"Enhanced AI implementation, rise of Agentic AI disrupting business models, and increasing maturity of GCCs as hubs for value and transformation are driving the industry shifts," Nasscom Chairperson Sindhu Gangadharan said.
As technology becomes deeply intertwined with global geopolitics and trade dynamics, enterprises must prioritise tech skills transformation within the workforce.
"Building resilient organisations and investing in digital trust will be critical to shaping these trends and sustaining the tech industry’s long-term growth," she mentioned.
The broader digital economy now contributes an estimated 12 per cent to the GDP, with Digital Public Infrastructure adding a 1 per cent value boost.
E-commerce continues to expand rapidly, growing at a 35 per cent annual rate, with projected gross merchandise value (GMV) nearing $200 billion.
Nasscom President Rajesh Nambiar said that India’s tech skill intensity will be a critical driver of future growth.
While overall AI adoption remains measured, over 55 per cent of AI activity by Indian tech services firms focused on building long-term co-creation partnerships to develop scalable, future-ready AI solutions.
2 minors among 315 arrested so far in connection with Murshidabad violence: Bengal Police report
A total of 315 arrests have been made so far in connection with the communal violence in Murshidabad district of West Bengal over protests against the Waqf (Amendment) Act last week, including two minors, confirmed the West Bengal Police in its report,
No plan to levy GST on UPI transactions over Rs 2,000: Govt
The Finance Ministry on Friday made it clear that the government is not considering any proposal to levy Goods and Services Tax (GST) on UPI transactions over Rs 2,000.
Tripura CM discusses state govt's key plans with HM Shah, JP Nadda
Tripura Chief Minister Manik Saha on Friday in separate meetings in New Delhi discussed important development plans of the state government with Union Home Minister Amit Shah and Health and Family Welfare Minister J.P. Nadda.
HM Amit Shah's 2026 deadline in sight as Sukma panchayat declared Maoist-free
This signalled a breakthrough in the government’s counter-insurgency and rehabilitation strategy. The mass surrender not only reflects a weakening of Maoist influence but also reaffirms HM Shah’s ambitious deadline as increasingly within reach.
Centre clears names of 20 top IAS officers to head key Ministries in jumbo rejig
The Appointments Committee of the Cabinet on Friday cleared the promotions of top IAS officers to fill key Secretary-level posts which have or are going to fall vacant due to the superannuation of incumbents, along with an accompanying reshuffle in posts. The exercise involves changes in around 20 top-level posts in various ministries at the Centre.
PM Modi holds talks with Elon Musk on closer India-US ties in technology, innovation
Prime Minister Narendra Modi on Friday held a discussion with Tesla CEO Elon Musk on a range of topics, including the immense potential for collaboration in the areas of technology and innovation.
Nine women among 22 Maoists surrender in Chhattisgarh's Sukma
Security forces in Sukma district of Chhattisgarh have achieved a significant breakthrough with 22 Maoists, including nine women, surrendering on Friday, marking a pivotal moment in the ongoing efforts to combat Maoism, officials said.
Focus on protecting rights of own minorities: India slams B'desh on Bengal violence comment
The comments from Dhaka came in the wake of protests against the Waqf(Amendment) Act, during which Bangladesh urged Indian authorities to ensure the safety of the minority Muslim population in the state.