Pune/Mumbai : The Indian IT services industry grew by $30billion last year, crossing $200 billion in revenues in 2021 according to the Nasscom Strategic Review on Tueday. The IT services industry has grown by over 2 times to $227 billion, and has a total workforce of 5 million. “This has been a watershed year for the tech industry thanks to the persistent focus on customer centricity...The industry has added $100 billion in ten years; the first $100 billion took 30 years,” said Debjani Ghosh, president, Nasscom.
The industry added a total of 4.5 lakh new hires during FY22, the highest ever in a single year, of which 44% were women. The IT industry is now the largest private sector employer of women with over 1.8 million women part of the sector.
Overall, exports contributed $178 billion to total revenues, growing by over 17% while the balance was domestic, led by growth in hardware and products. There were close to 300 acquisitions announced during the year. IT services exports now account for 51 % of the total services exports out of India.
Read more at: https://telecom.economictimes.indiatimes.com/news/it-industry-crosses-200-billion-in-revenues-30-billion-added-in-the-last-year-nasscom/89585877
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