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Sector Overview

At the forefront of India's economic landscape stands the Information Technology and Business Process Management (IT&BPM) sector, a dynamic force that has emerged as a cornerstone of the nation's digital transformation. Bolstered by a convergence of factors, this sector has garnered significant attention for its pivotal role in driving innovation, fostering economic growth, and generating employment opportunities. Reports from the Ministry of Electronics and Information Technology (MeitY) and Nasscom underscore the sector's robust growth trajectory, underpinned by advancements in disruptive technologies such as artificial intelligence, cloud computing, and blockchain.

Central to India's competitive advantage is its vast pool of skilled talent, supported by a thriving ecosystem of educational institutions and specialized training programs. Government initiatives aimed at enhancing digital literacy, infrastructure development, and policy reforms have further propelled the sector forward. Against the backdrop of a rapidly evolving digital landscape, the IT&BPM sector continues to serve as a catalyst for digital inclusion and socio-economic progress. 

As India strives to position itself as a global technology hub, the sector's dynamism, innovation, and strategic significance have made it a focal point for investment, collaboration, and talent development. With a forward-looking approach and a commitment to harnessing digital potential, India's IT&BPM sector is poised to shape the future of the digital economy, both domestically and on the global stage.

Why Invest in IT-BPM

  • Domestic Demand

    The domestic technology sector registered an annual revenue of $54 Bn in FY24, growing at 5.4% annually.

  • Innovation and R&D Prowess

    India is the third largest startup ecosystem in the world, with 114 unicorns. The ER&D segment’s annual growth rate in FY24 is 7.8%.

  • Cost Advantage

    India's cities offer significant cost savings in terms of cost per FTE, cost of living, and average office rent, as compared to alternatives like Beijing, Manila, Singapore, and Kuala Lumpur.

  • Technology Workforce

    India boasts a technology workforce of 5.43 Mn, out of which 2 Mn are digitally skilled.

Major Investors

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Incentives & Schemes

  • Software Technology Parks (STP) Scheme
  • National Policy on Software Products 2019
  • Service Exports from India Scheme

Policy Archive

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National Strategy on Blockchain

National Strategy on Blockchain

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National Logistics Policy 2022

The guidelines aim to enable private and public investments in logistics parks, promote and empower efficiency, agility, resilience and cost effectiveness in operations through optimal use of infrastructure and to create information transparency.

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