+
India’s IT Industry Grows Rapidly, Set to Hit $283 Billion in 2024-25
ECONOMY & POLICY

India’s IT Industry Grows Rapidly, Set to Hit $283 Billion in 2024-25

The Indian IT industry holds a prominent position globally and has significantly contributed to export growth and employment generation. Over the past decade, the sector has expanded substantially, as reported by the National Association of Software and Services Companies (NASSCOM).

To support the industry's development, the government has implemented several initiatives across the country. These include the establishment of 67 Software Technology Parks of India (STPI) centres and the approval of 100 per cent Foreign Direct Investment (FDI) in the sector. Efforts to promote IT services in smaller towns and cities have been strengthened through the BPO Promotion Schemes. Additionally, the National Policy on Software Products (NPSP 2019) was introduced to drive software product innovation and growth.

Skill development programs have been a key focus, with training provided through 55 National Institute of Electronics & Information Technology (NIELIT) centers and initiatives like FutureSkills PRIME for reskilling and upskilling IT professionals. The government has also promoted the startup ecosystem through various schemes, including the Technology Incubation and Development of Entrepreneurs (TIDE 2.0), Startup Accelerator of MeitY for Product Innovation, Development, and Growth (SAMRIDH), and Gen-Next Support for Innovative Startups (GENESIS). Other measures such as Domain-Specific Centers of Excellence (CoEs) and the India AI Mission aim to foster technological advancements and innovation.

These government-led initiatives have been instrumental in driving the expansion of the IT sector. State-wise export details of STPI-registered units, including those from Telangana, have been documented as part of this ongoing growth assessment.

News source: PIB

The Indian IT industry holds a prominent position globally and has significantly contributed to export growth and employment generation. Over the past decade, the sector has expanded substantially, as reported by the National Association of Software and Services Companies (NASSCOM). To support the industry's development, the government has implemented several initiatives across the country. These include the establishment of 67 Software Technology Parks of India (STPI) centres and the approval of 100 per cent Foreign Direct Investment (FDI) in the sector. Efforts to promote IT services in smaller towns and cities have been strengthened through the BPO Promotion Schemes. Additionally, the National Policy on Software Products (NPSP 2019) was introduced to drive software product innovation and growth. Skill development programs have been a key focus, with training provided through 55 National Institute of Electronics & Information Technology (NIELIT) centers and initiatives like FutureSkills PRIME for reskilling and upskilling IT professionals. The government has also promoted the startup ecosystem through various schemes, including the Technology Incubation and Development of Entrepreneurs (TIDE 2.0), Startup Accelerator of MeitY for Product Innovation, Development, and Growth (SAMRIDH), and Gen-Next Support for Innovative Startups (GENESIS). Other measures such as Domain-Specific Centers of Excellence (CoEs) and the India AI Mission aim to foster technological advancements and innovation. These government-led initiatives have been instrumental in driving the expansion of the IT sector. State-wise export details of STPI-registered units, including those from Telangana, have been documented as part of this ongoing growth assessment. News source: PIB

Next Story
Infrastructure Energy

Private Sector Builds India’s First Heavy Water Test Facility

In a major stride towards nuclear self-reliance, India’s first privately built test facility for upgrading depleted heavy water has been commissioned by TEMA India Ltd. The facility was inaugurated by Shri Rajesh V, Director – Technical, Nuclear Power Corporation of India Ltd (NPCIL), and Shri K. T. Shenoy, Director, Chemical Engineering Group, BARC. Developed under a technology transfer from BARC and a purchase order from NPCIL, the unit represents a landmark in public-private collaboration and supports the government’s Atma-Nirbhar Bharat initiative.Previously, critical testing for hea..

Next Story
Infrastructure Energy

Coal Ministry Pushes Digital Drive With SWCS Training Session

In a bid to accelerate digital transformation in the coal sector, the Ministry of Coal conducted a hands-on training workshop and interactive session on the Exploration Module of the Single Window Clearance System (SWCS) on 25 July 2025. Held at Tagore Chamber, SCOPE Complex, New Delhi, the session aimed to deepen stakeholders’ understanding of the module’s functionalities and encourage its use for efficient exploration-related submissions and approvals.Ms Rupinder Brar, Additional Secretary and Nominated Authority (AS & NA), chaired the session and stressed the vital role digital plat..

Next Story
Infrastructure Urban

India Enhances Cyber Defences for Critical Infrastructure

The Government of India remains acutely aware of the cyber threats facing the country’s digital and physical infrastructure. Its policies are focused on fostering a safe, trusted, and accountable cyberspace for all users. Several initiatives are being implemented to strengthen cyber security across critical sectors such as power, transport, and banking, ensuring their continuous and secure operation.The Indian Computer Emergency Response Team (CERT-In) and the National Critical Information Infrastructure Protection Centre (NCIIPC) undertake cyber security audits under the Information Technol..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?