About IT/ITES Sector
Tech Powerhouse: Exploring Investment Avenues in India's Thriving IT/ITES Sector
India stands as the premier global offshoring destination for IT firms, underscoring its prowess in the Information Technology and IT-Enabled Services (IT/ITES) domain. This sector is a cornerstone of India's economic landscape, contributing a substantial 7.4% to the GDP in FY 2022 and providing direct employment to approximately 5.1 million individuals, with expectations of reaching 9.5 million by 2026. As India charts its path toward becoming a developed nation by 2047, the government actively supports this transformation. Initiatives such as the Software Technology Park of India Scheme, a 100% export-oriented endeavour, foster the development and export of computer software, further elevating India's global standing. The National Policy on Software Products (2019) is another testament to India's commitment to becoming a worldwide leader in intellectual capital-driven software product development. It has established the Indian Software Product Registry (ISPR), serving as a trusted trade environment by pooling Indian software products and facilitating innovation. Dive into the boundless investment opportunities within India's thriving IT/ITES sector and be a part of the technological revolution reshaping the nation's future.