the focal point for computer software production and export in india
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The IT & Electronics industry is one of the fastest-growing industries in India, both in terms of production and export. In fact, software development and IT-enabled services (ITeS) have made India’s brand equity a force to reckon with.
Information Technology and Business process management (IT-BPM) industry revenue grew 7% y-o-y to reach US$ 191 billion in FY20 and is estimated to grow to US$ 350 billion by 2025. Moreover, revenue from the digital segment is expected to account for 38% of the total industry revenue by 2025. Digital economy is estimated to reach US$ 1 trillion by 2025. The domestic revenue for the IT industry was estimated at US$ 44 billion and export revenue was estimated at US$ 147 billion in FY20.