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Growth Of Indian Tech Startups in FY2022 | NASSCOM Strategic Review Report 2022

April 13, 2022

1921

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Ashish Gupta– Senior Analyst - Product & Startups, NASSCOM Insights

Nirmala Balakrishnan, Research Practice Lead - IT-BPM & Industry Trends, NASSCOM Insights

Diksha Nerurkar, Research Practice Lead- Cloud & Edge, NASSCOM Insights

Naman Kishore- Lead - Community & Insights Marketing

India is now home to a $200B+ and growing Tech Industry!!! Yes, you heard it right, FY2022 has been a year of milestones for the Indian technology industry.

With 51% share in total services export and 9% share relative to National GDP, the technology sector has been leading the road to recovery for the Indian economy. For the first time in history, the Indian technology sector added $30B in a single financial year!

Even Covid-19 pandemic could not stop the resilience shown by the tech sector as it recorded a 15.5% YoY growth which is BTW the highest since FY2011.

Indian technology sector added 450,000 employees in FY 2022 – highest addition ever of which 44% were women Interestingly, with 1.8M women workers, the Indian technology sector is now the largest Pvt. sector employing women in the country.

 

Download NASSCOM Strategic Review Report 2022 here

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