What is the future of Indian IT industry?

IT sector in India was expected to grow 7.7% in 2020 with its exports reaching $147 billion as per the National Association of Software and Services Companies. The sector is, cautiously optimistic about the next financial year starting April despite the pandemic low in 2020.

What is the future of Indian IT companies?

According to Gartner estimates, IT spending in India is estimated to reach US$ 93 billion in 2021 (7.3% YoY growth) and further increase to US$ 98.5 billion in 2022. The BPM sector in India currently employs >1.4 million people, while IT and BPM together have >4.5 million workers, as of FY21.

What’s the future of IT industry?

With emergence of new path-breaking technologies like Artificial Intelligence, Internet of Things, Blockchain, Machine Learning, modern data science practices, cloud computing and big data and introduction and implementation of Microservices, Developer-Operations (devops) and automation in most of the industrial …

What is the future of IT sector in India Quora?

Exports from the Indian IT industry are expected to increase by 1.9% to reach US$ 150 billion in FY21. In 2020, the IT industry recorded 138,000 new hires. Artificial Intelligence (AI) is expected to boost India’s annual growth rate by 1.3% by 2035, as per NITI Aayog.

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Which IT company is best for future?

Top 10 IT & Software Development Companies In India 2022

  1. Hyperlink InfoSystem. …
  2. Infosys. …
  3. Tata Consultancy Services. …
  4. WillowTree Apps. …
  5. Mindtree. …
  6. Tech Mahindra Ltd. …
  7. Accenture. …
  8. Fueled.

Is India advanced in technology?

Modern India has had a strong focus on science and technology, realising that it is a key element for economic growth. India is among the topmost countries in the world in the field of scientific research, positioned as one of the top five nations in the field for space exploration.

Is India good in information technology?

In the contemporary world economy, India is the largest exporter of IT. Exports dominate the Indian IT industry and constitute about 79% of the industry’s total revenue. … According to Gartner, the “Top Five Indian IT Services Providers” are Tata Consultancy Services, Infosys, Wipro, Tech Mahindra, and HCL Technologies.

What is the future industry in 2025 in India?

Sood said that at present the market size of the direct selling industry in India is Rs 16,000 crore and is expected to become Rs 64,500 crore by 2025.

What is latest technology in IT industry?

Robotic Process Automation (RPA) Edge Computing. Quantum Computing. Virtual Reality and Augmented Reality.