The Tech Industry in India Likely to Reach $300 Billion Revenue in FY2026: Annual Strategic Review 2025 (NASSCOM)

Summary

• The tech industry in India is likely to reach the milestone of $300 billion revenue in FY2026.p.1
• Growing at 5.1%, the industry added $13.8 billion of incremental revenue, taking total revenue to over $282.6 billion in FY2025E.p.1
• The industry houses over 1750+ GCCs in 2024.p.1
• Restated FY2024 industry revenues were $268.8 billion with 5.67 million employees.p.1
• The industry is expected to add 126,000 net new employees, taking the workforce to 5.8 million in FY2025E.p.2
• Approximately 77% of tech CEOs surveyed anticipate higher business growth.p.2

Key insights

1. Engineering R&D and GCC segments drove growth for the technology industry in India.p.1
2. Industry export revenue now shows an equal split between global MNCs including GCCs and Indian service providers.p.1
3. 85% of surveyed respondents expect client tech spending to be similar or higher in FY2026 compared to FY2025.p.2
4. 63% of tech CEOs project AI investments to be higher than 10% of their overall tech spending in FY2026.p.2
5. 45% of tech CEOs foresee a healthier hiring environment compared to FY2025.p.2