Summary:
India has emerged as a prominent leader in the global technology sphere, driven by its thriving digital economy and a vast pool of skilled professionals, according to Mr. Rajesh Nambiar, President of the National Association of Software and Service Companies (NASSCOM). During his address at Global Confluence 2025, Mr. Nambiar forecasted that the Indian information technology (IT) sector is on track to achieve a valuation of Rs. 24,43,988 crore (US$ 283 billion) by the conclusion of FY25, with expectations to surpass Rs. 25,90,800 crore (US$ 300 billion) in FY26. Additionally, he projected that India's digital economy would contribute over Rs. 86,36,000 crore (US$ 1 trillion) to the nation’s Gross Domestic Product (GDP) by 2030, solidifying its influential role in technological advancements worldwide.
India’s strength in technology is further exemplified by its extensive workforce of 5.8 million professionals, accounting for 28% of the global Science, Technology, Engineering and Mathematics (STEM) talent pool and 23% of the world’s software engineers. The nation is also home to an impressive 34,000 technology startups, including 3,600 deep-tech ventures pioneering innovations in fields like artificial intelligence (AI) and quantum computing. With the rapid expansion of Global Capability Centres (GCCs) and a resilient digital infrastructure, India has cemented its status as a major technology and innovation hub. Mr. Nambiar highlighted that India’s attractiveness to foreign investors and its vibrant startup landscape are crucial factors driving its technological progress. He emphasised that India’s unique capabilities make it an indispensable partner in shaping the future of the global technology ecosystem. Concluding his remarks, Mr. Nambiar expressed optimism about India’s long-term technological growth, attributing its success to a highly skilled talent base, continuous innovation and robust international collaborations. He underscored the nation’s potential to lead global technology advancements in the years ahead.
Source: IBEF
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