Mint Primer | The $300 billion question for India’s IT sector
3 weeks, 5 days ago

Mint Primer | The $300 billion question for India’s IT sector

Live Mint  

Industry body Nasscom sees the Indian IT sector surpassing the $300 billion revenue milestone in FY26. The Indian technology industry is expected to grow at 5.1% and add $13.8 billion incremental revenue, taking the total to more than $282.6 billion in FY25, according to Nasscom estimates. While BFSI continues to be the top spender, demand for healthcare & life sciences services is also expected to expand as more companies adopt AI solutions to cut administrative costs and boost efficiency. According to Nasscom, more than 90% of the top 20 services firms are integrating AI, cloud, data, and GenAI, with 10-15% of enterprise GenAI proofs of concept transitioning to full-scale production.

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History of this topic

Unsettling signs emerge for IT investors
1 week, 1 day ago

Unsettling signs emerge for IT investors

Live Mint  

At the start of 2025, the Indian information technology sector was poised to see a reversal of fortunes during the year. Robust US economic growth and interest rate cuts by the US Federal Reserve were seen as likely drivers, giving the sluggish client expenditure in the key banking and healthcare segments an impetus. Secondly, the ambiguity around trade tariffs means …

Indian tech industry revenue projected to grow 5.1% even as job loss concerns persist
1 month ago

Indian tech industry revenue projected to grow 5.1% even as job loss concerns persist

The Hindu  

Amid concerns over jobs shrinking due to the impact of Artificial Intelligence, the National Association of Software Services Companies has projected the Indian technology industry’s revenue growth at 5.1% to $282.6 billion in FY 2025-26. “While the CEO outlook for FY26 remains measured yet positive, with increased tech and AI spending, sustaining the growth momentum requires a strategic vision,” Rajesh …

Mint Primer | Can the market tide over the earnings slump?
1 month ago

Mint Primer | Can the market tide over the earnings slump?

Live Mint  

The Nifty50 index has tumbled 8% over the past six months. The Q3 results season offered little cheer, with multiple sectors witnessing muted topline growth amid domestic and global macro headwinds. In the broader market, Q3 profit-after-tax growth for BSE500 firms remained weak at 8%, compared with 9% in the first half of FY25 and 21% in FY24. IT firms’ …

Mint Primer: Why India’s first locally made chip will be a big deal
1 month ago

Mint Primer: Why India’s first locally made chip will be a big deal

Live Mint  

The government has reiterated that the first chip from an Indian fab will debut by October. At the World Economic Forum in January, Vaishnaw reaffirmed the first ‘Made in India’ chip rollout this year, confirming its September-October debut to the media on 16 February. Tata-PSMC is building India’s first AI-enabled semiconductor fab, producing up to 50,000 wafers per month for …

Mint Explainer: What will happen if the US restricts chip supply to India?
1 month, 2 weeks ago

Mint Explainer: What will happen if the US restricts chip supply to India?

Live Mint  

NEW DELHI : A measure that prevented open market access to semiconductors created by American companies was one of the last few executive orders signed by outgoing US president Joe Biden about a month ago. The move triggered conversations about the global semiconductor market, US dominance, the lopsided chip industry, and what would happen if the US imposed even more …

Mint Quick Edit | An AI race shake-up spells an opportunity for India
1 month, 3 weeks ago

Mint Quick Edit | An AI race shake-up spells an opportunity for India

Live Mint  

Its owner claims it cost under $6 million, a fraction of what American LLMs took to create. Since it’s a “reasoning" model, which involves an internal dialogue to spout answers, it could upturn the economics of the AI race. So far, success has required bearing high fixed costs on hardware and training, with relatively low variable costs on output generation. …

Mint Primer | Stargate Wars: Where is India in the AI infra race?
2 months ago

Mint Primer | Stargate Wars: Where is India in the AI infra race?

Live Mint  

Donald Trump has announced a $500-billion venture called Stargate to build AI-focused data centres and other infrastructure in the US. It’s a $500-billion joint venture with OpenAI, Oracle, SoftBank, and MGX to build AI-focused infrastructure including data centres across the US over the next four years—Trump’s first major business initiative since returning to office. China is also innovating fast with …

Electronics industry expects budget incentives to rev up local manufacturing
2 months ago

Electronics industry expects budget incentives to rev up local manufacturing

Live Mint  

New Delhi: India’s electronics and semiconductor industries are expecting a number of incentives from the upcoming FY26 Union budget, largely focused on increasing the domestic value addition in a steadily growing industry, consultants and stakeholders said. With finance minister Nirmala Sitharaman set to unveil the budget on 1 February, the electronics retail, manufacturing and design industries have made submissions for …

Was 2024 indeed better than last year for the big boys of Indian IT?
2 months, 3 weeks ago

Was 2024 indeed better than last year for the big boys of Indian IT?

Live Mint  

Bengaluru: India’s top five information technology services companies grew at a slower clip in the first nine months of this year, defying hopes that the $254 billion industry would rebound after reporting its weakest growth ever in 2023. The spectre of GenAI Keith Bachman, an analyst with BMO Capital Markets, said in a 12 December report that increased hiring by …

India achieves USD 1 trillion in FDI milestone | Top FDI sources and sectors
3 months, 1 week ago

India achieves USD 1 trillion in FDI milestone | Top FDI sources and sectors

India TV News  

India has reached a historic milestone with foreign direct investment inflows surpassing USD 1 trillion since April 2000, according to the Department for Promotion of Industry and Internal Trade. Top FDI sources: Small nations lead the pack Mauritius and Singapore dominate Mauritius emerged as the largest contributor, accounting for 25 per cent of FDI inflows, closely followed by Singapore at …

Apple India revenue rises 36% to ₹67,122 crore in FY24, driven by iPhone sales
4 months ago

Apple India revenue rises 36% to ₹67,122 crore in FY24, driven by iPhone sales

Live Mint  

Apple India reported a revenue of ₹67,121.6 crore for the financial year ended March 2024, up 36% from a year earlier, driven by higher iPhone sales. For FY25, iPhones are expected to generate nearly $11 billion in sales for Apple India with Mac, iPad, wearables and services likely to bring in another $4-6 billion and setting the company on road …

Tech Titans Flock to India: A Strategic Play for the Future of AI
4 months, 3 weeks ago

Tech Titans Flock to India: A Strategic Play for the Future of AI

Live Mint  

Top tech executives are visiting India to explore opportunities for co-creating intellectual properties in tech, as India is the second-largest developer base in the world after the US. With vast sections of the world’s developer ecosystem either based in India or originating in the region, a concerted effort from the Centre is pushing Indian firms to build foundational technologies. This …

US Banks Open Purse Strings for Indian IT: A Boon for the Industry
5 months ago

US Banks Open Purse Strings for Indian IT: A Boon for the Industry

Live Mint  

US banks are showing a renewed interest in Indian IT services, with share prices of major banks like JPMorgan and Bank of America up by 52-68%. This growth is expected to benefit Indian IT companies, which rely heavily on the banking segment for most of their revenues. The BFSI sector is seeing increased growth, with Indian IT services companies like …

Mint Primer | IT services: When will the tide turn?
8 months ago

Mint Primer | IT services: When will the tide turn?

Live Mint  

With a mixed performance in Q1 FY25, the $250-billion IT services industry is not entirely out of the woods. HCLTech and Wipro revenues fell sequentially, though profit grew, while LTIMindtree’s profit fell 1.5% y-o-y. Infosys reported better-than expected numbers with net profit up 7.1% y-o-y and raised revenue guidance for FY25 to 3-4% from 1.5- 2% earlier. Some verticals are …

Budget 2023-24 Expectation: It is time government focused on the hardware sector
2 years, 1 month ago

Budget 2023-24 Expectation: It is time government focused on the hardware sector

Firstpost  

India’s IT sector has produced a large amount of foreign export revenue for India and has also gained an awe-inspiring reputation across all industries by creating a large number of job opportunities. In the same vein, the Indian IT service sector might have started producing mobile phones within the country but I think the time has come for India to …

Indian IT Sector To Grow 15.5% To $227 Bn In FY22, Fastest In A Decade: Nasscom
3 years, 1 month ago

Indian IT Sector To Grow 15.5% To $227 Bn In FY22, Fastest In A Decade: Nasscom

ABP News  

Mumbai: India's IT sector is set to grow at 15.5 per cent – the fastest in over a decade – to $227 billion in FY22, as the pandemic pushes up demand for digitisation at companies across the world, industry grouping Nasscom said on Tuesday. From a revenue pie perspective, exports are set to grow 17.2 per cent to $178 billion …

Indian IT sector continues to be net hirer, top 5 IT cos to add over 96,000 employees: Nasscom
3 years, 9 months ago

Indian IT sector continues to be net hirer, top 5 IT cos to add over 96,000 employees: Nasscom

Live Mint  

IT industry body Nasscom on Thursday said the sector continues to be a net hirer of skilled talent, and the top 5 Indian IT companies are planning to add over 96,000 employees in 2021-22. The industry continues to be a net hirer of skilled talent, adding 1,38,000 people in FY2021," Nasscom said in a statement. "The industry is upskilling more …

Aiming for the stars… but can’t even make a chip!
5 years, 9 months ago

Aiming for the stars… but can’t even make a chip!

Deccan Chronicle  

India is reaching for the moon. This will mark a spectacular milestone in India’s space journey and showcase its amazing competencies in space technology acquired through decades of pioneering work. The success of India’s space technologists while lighting up the Indian firmament does at the same time cast into shadow another aspect of our national condition — the sheer inability …

Indian software services sector to grow 7-9% in FY19: Nasscom
7 years, 1 month ago

Indian software services sector to grow 7-9% in FY19: Nasscom

Live Mint  

Hyderabad: India’s software services exports will see revenue growth of 7-9% in constant currency terms in the fiscal year to March 2019, a leading lobby group forecast on Tuesday, as the industry continues to recover from what has been a tough year. The country’s $154-billion information technology sector has been buffeted by a broader slowdown in technology spending, while uncertainty …

Indian software services sector to grow 7-9% in FY19: Nasscom
7 years, 1 month ago

Indian software services sector to grow 7-9% in FY19: Nasscom

Live Mint  

Hyderabad: India’s software services exports will see revenue growth of 7-9% in constant currency terms in the fiscal year to March 2019, a leading lobby group forecast on Tuesday, as the industry continues to recover from what has been a tough year. The country’s $154-billion information technology sector has been buffeted by a broader slowdown in technology spending, while uncertainty …

Indian software services sector to grow 7-9% in FY19: Nasscom
7 years, 1 month ago

Indian software services sector to grow 7-9% in FY19: Nasscom

Live Mint  

Hyderabad: India’s software services exports will see revenue growth of 7-9% in constant currency terms in the fiscal year to March 2019, a leading lobby group forecast on Tuesday, as the industry continues to recover from what has been a tough year. The country’s $154-billion information technology sector has been buffeted by a broader slowdown in technology spending, while uncertainty …

Indian software services sector to grow 7-9% in FY19: Nasscom
7 years, 1 month ago

Indian software services sector to grow 7-9% in FY19: Nasscom

Live Mint  

Hyderabad: India’s software services exports will see revenue growth of 7-9% in constant currency terms in the fiscal year to March 2019, a leading lobby group forecast on Tuesday, as the industry continues to recover from what has been a tough year. The country’s $154-billion information technology sector has been buffeted by a broader slowdown in technology spending, while uncertainty …

Indian software services sector to grow 7-9% in FY19: Nasscom
7 years, 1 month ago

Indian software services sector to grow 7-9% in FY19: Nasscom

Live Mint  

Hyderabad: India’s software services exports will see revenue growth of 7-9% in constant currency terms in the fiscal year to March 2019, a leading lobby group forecast on Tuesday, as the industry continues to recover from what has been a tough year. The country’s $154-billion information technology sector has been buffeted by a broader slowdown in technology spending, while uncertainty …

Indian software services sector to grow 7-9% in FY19: Nasscom
7 years, 1 month ago

Indian software services sector to grow 7-9% in FY19: Nasscom

Live Mint  

Hyderabad: India’s software services exports will see revenue growth of 7-9% in constant currency terms in the fiscal year to March 2019, a leading lobby group forecast on Tuesday, as the industry continues to recover from what has been a tough year. The country’s $154-billion information technology sector has been buffeted by a broader slowdown in technology spending, while uncertainty …

Indian software services sector to grow 7-9% in FY19: Nasscom
7 years, 1 month ago

Indian software services sector to grow 7-9% in FY19: Nasscom

Live Mint  

Hyderabad: India’s software services exports will see revenue growth of 7-9% in constant currency terms in the fiscal year to March 2019, a leading lobby group forecast on Tuesday, as the industry continues to recover from what has been a tough year. The country’s $154-billion information technology sector has been buffeted by a broader slowdown in technology spending, while uncertainty …

Indian software services sector to grow 7-9% in FY19: Nasscom
7 years, 1 month ago

Indian software services sector to grow 7-9% in FY19: Nasscom

Live Mint  

Hyderabad: India’s software services exports will see revenue growth of 7-9% in constant currency terms in the fiscal year to March 2019, a leading lobby group forecast on Tuesday, as the industry continues to recover from what has been a tough year. The country’s $154-billion information technology sector has been buffeted by a broader slowdown in technology spending, while uncertainty …

Indian software services sector to grow 7-9% in FY19: Nasscom
7 years, 1 month ago

Indian software services sector to grow 7-9% in FY19: Nasscom

Live Mint  

Hyderabad: India’s software services exports will see revenue growth of 7-9% in constant currency terms in the fiscal year to March 2019, a leading lobby group forecast on Tuesday, as the industry continues to recover from what has been a tough year. The country’s $154-billion information technology sector has been buffeted by a broader slowdown in technology spending, while uncertainty …

Indian IT industry’s growth to remain flat in 2017-18: Nasscom forecast
7 years, 9 months ago

Indian IT industry’s growth to remain flat in 2017-18: Nasscom forecast

Live Mint  

Bengaluru: Indian IT industry body Nasscom on Thursday forecast the sector’s export revenues to grow at 7-8% in 2017-18, around the growth levels seen last year, as the industry faces continued headwinds from the US market. The more-than-$150 billion industry saw exports rising 7.6% last year, according to a statement from The National Association of Software and Services Companies. Sarabjit …

Nasscom sees Indian IT export growing 7-8% this year, outlook positive
7 years, 9 months ago

Nasscom sees Indian IT export growing 7-8% this year, outlook positive

Firstpost  

The size of the Indian IT industry is pegged at US $154 billion, including US $11 billion incremental revenues added in the previous fiscal, according to Nasscom Hyderabad: Indian IT export is projected to grow by 7-8 percent in 2017-18, industry body Nasscom said in its guidance today. The IT-BPM industry is expected to add 1.3-1.5 lakh new jobs during …

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