The Indian IT-BPM sector is estimated to aggregate revenues of USD 143 billion in FY2016, with exports touching USD 107.8 billion, growing at 10.3 per cent. In a year when overall tech spending levels remained flat over last year, India actually was able to increase it’s market-share in the global sourcing arena, to 56 per cent. Key highlights of the year include Indian technology industry’s ever expanding focus in helping create smart enterprises by utilizing best in breed disruptive digital technologies, through startup collaborations, partnerships, and business model changes. Domestic IT-BPM services revenue is expected to grow at 10 per cent to gross INR 1410 billion in FY2016. Rapid consumerization of India’s economy, coupled with a pervasive Government digital agenda, rapid advancement in technology infrastructure, and increasingly competitive Indian organizations are key drivers for increased technology adoption in India.
The industry has already outlined an aspiration to achieve revenues of USD 350 billion by 2025- NASSCOM will continue to facilitate and collaborate to support the industry’s growth and achieve its vision. This report reviews various aspects relating to the Indian IT-BPM sector performance in the current fiscal year (FY2016), details service line trends, focuses on India’s digital capabilities and offerings, assesses the key components of India’s value proposition and provides a view on the outlook projected for the global and the Indian IT-BPM sector.
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