Digital Innovation Hub
India is emerging as the hub for “Digital Skills”. The country spends $1.6 bn annually on training workforce in the sector. The industry is the largest employer within the private sector, employing 3.9 million people. India is transforming into a digital economy with over 450 mn plus internet subscribers; only second to China.
Indian IT industry has more than 17,000 firms, of which over 1,000 are large firms with over 50 delivery locations in India. The country's cost competitiveness in providing IT services, which is approximately 3-4 times more cost-effective than the US, continues to be its unique selling proposition in the global sourcing market.
The National Optical Fibre Network (NOFN) aims to connect all 250,000 Gram Panchayats (village council) in the country with high-speed broadband.
Up to 100% FDI is allowed in Data processing, Software development and Computer consultancy services; Software supply services; Business and management consultancy services, Market research services, Technical testing and Analysis services, under automatic route
100% FDI is permitted in B2B E-commerce.
for further details, please refer FDI Policy
Share in India's GDP
- > %
Share in global outsourcing market
- > %
Share in Indian services export
Largest market share in global services sourcing industry
Second largest tech startup hub of the world
Second highest number of internet subscribers in the world
- Industry Scenario
- FOREIGN INVESTMENT
- INDUSTRY TRENDS
- POLICIES & SCHEMES
#1 sourcing destination for IT-BPM globally
The IT-BPM industry stood at $177 bn in 2019 and is expected to grow to $350 bn by 2025. The IT-BPM industry is the largest contributor to the total exports of the country, with 43% of the IT-BPM services being exported in 2018. Total revenue from IT services and BPM for FY2019-20 accounts for $135 bn. The Indian data centre industry has attracted an investment of $396 million in 2020.
The sector is headed towards achieving $1 tn digital economy by 2022. The country has become the global digital capabilities hub with around 75% of global digital talent present in the country.
Skill development and R&D
$ 1.6 bn is spent annually on training workforce and growing R&D
The National Optical Fibre Network (NOFN)
68,889 Gram Panchayats connected by optical fibre (til Jan 2017)
Digital India campaign
A $ 20 bn Investment covering mobile connectivity across India
IoT, machine learning, artificial intelligence and healthcare
AI/ new-age technology is to boost India's annual growth rate by 1.3 per cent by 2035
PLI schemes for Electronic and Technology products worth INR 5,000 crores introduced under Atmanirbhar Bharat 3.0 package