Indian technology industry added 290,000 new jobs: Nasscom

The Indian tech industry revenue is set to grow by $245 billion in the financial year 2023-end, with the industry adding $19 billion in revenue and around 290,000 jobs in the same period, a Nasscom report showed.
Zoho Workplace
At this rate, the tech industry in India is estimated to reach $500 billion by 2030.

Nasscom said that the Indian service export revenue is expected to touch $194 billion in FY23, a growth of 9.4 percent compared to FY2022.

Indian technology industry’s revenue growth is expected to grow in double digits in constant currency terms in FY2023E.

The FY2023E recorded growth across core sectors — BFSI, manufacturing and telecom/ hi-tech.

India’s domestic sector emerged as the great propeller. Domestic revenue is growing 13 percent from FY22 in rupee terms, with a significant uptick in digital spending among enterprises.

Indian technology industry employs over 5.4 million workforce, creating 290,000 new jobs in FY2023.

Indian technology industry has 36 percent digitally skilled workforce. The industry remains on the top in terms of AI skills penetration, the second largest in terms of AI/ML pool globally.

Indian technology industry has 2 million women employees, reporting a net addition of over 140,000 women employees during the year.

India added more than 1,300 new startups and 23 new unicorns in 2022. The country has also emerged as a hotbed for deep-tech startups, reaching a total of 3,000+ in FY23.

Related News

Latest News

Latest News