The Indian technology industry is a global powerhouse today, and its impact on India has been incomparable. In the last decade, the industry has grown six-fold in revenue terms, and relative share to India’s GDP has increased to 9.3 per cent. The Indian technology industry today accounts for over 45 per cent of the country’s total services exports. The industr employs over 3.7 million direct employees, and has created indirect employment for an additional 10 million. Scale, speed and skill have been the hallmarks for the industry.
The Indian IT-BPM sector is estimated to aggregate revenues of USD 143 billion in FY2016, with exports touching USD 108 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 its 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 utilising best in breed disruptive digital technologies,through start-up collaborations, partnerships, and business model changes. Domestic IT-BPM services revenue is expected to grow at 10 per cent to gross INR 1,410 billion in FY2016. Rapid consumerisation of India’s economy, coupled with a pervasive Government digital agenda, rapid advancement in technology infrastructure, and increasingly competitive Indian organisations are key drivers for increased technology adoption in India.
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. How Indian firms are creating the Smart enterprises of the future is the basic theme of this years report.
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