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India Story

Among the fastest-growing economies, India has emerged as the powerhouse of economic activity. Here is what makes India the ideal destination for global businesses and investors:

  • Vibrant democracy with stable political environment, expanding economy and comprehensive regulatory framework.
  • Large pool of technically trained manpower
  • Progressive policy environment including liberal FDI policy enabling international businesses to be a part of India’s growth story
  • Focused initiatives such as Make in India, Digital India and Skill India powering the economy.

India’s IT Imprint

The IT & Electronics industry is one of the fastest-growing industries in India, both in terms of production and export. In fact, software development and IT-enabled services (ITeS) have made India’s brand equity a force to reckon with.

Information Technology and Business process management (IT-BPM) industry revenue grew 7.7 per cent y-o-y to reach US$ 191 billion in FY20 and is estimated to grow to US$ 350 billion by 2025. Moreover, revenue from the digital segment is expected to account for 38 per cent of the total industry revenue by 2025. Digital economy is estimated to reach US$ 1 trillion by 2025. The domestic revenue for the IT industry was estimated at US$ 44 billion and export revenue was estimated at US$ 147 billion in FY20.

Advantage India

Today Indian IT industry is catering IT solutions / products / services from tiny to FORTUNE 500 companies world over in all verticals of IT including Artificial Intelligence, IOT, Embedded Technology, Software Development, Software Customisation, Web & Mobile development, Blockchain, Animation & Gaming, Robotic Process Automation, Fintech, etc across all sectors like Pharma, Logistics, Construction, Oil & Gas, Agriculture, and many more. The Indian Electronics Hardware industry is also supplying various Electronics hardware items too globally.

  • By 2020, the Government of India aims to empower at least one person per household with digital literacy skills. For the same, the Government has launched various digital skilling initiatives that are aimed at empowering citizens with the knowhow of using IT and mobile devices.
  • By 2022, the IT industry in India is expected to increase employment to about 2 million direct hires and 7.6 million indirect hires.
  • In the technology driven start-ups, India ranked third in the world (4,750 technology start-ups in 2016)
  • India has a favourable Government policy and regulatory support for the electronics & IT industry.
  • The industry offers a range of services, from low-end application development to high-end integrated IT solutions across multiple verticals, with a well-developed vendor base.
  • The Indian IT & software industry adheres to quality processes and standards, with most companies aligning operations with international standards.
  • Software technology parks and special economic zones in India provide an affordable real estate space for IT companies.

Recent Developments

The Government has a strong focus on transforming the country into cash-less economy. Various Government incentives such as referral bonus scheme to promote the use of BHIM, zero service tax on railway tickets booked online and launch of Aadhaar-based mobile apps are aimed at encouraging digital payments in the country.

The Government attached high priority to electronics hardware manufacturing and it is one of the important pillars of both “Make in India” and “Digital India” programs of Government of India. India has emerged as the second largest manufacturer of mobile phones in the world in 2019. Over 200 units are manufacturing cellular mobile phones and parts / components thereof in the country, up from only 2 units in 2014. The domestic demand is almost completely being met out of domestic production.

Indian IT firms have built upon their ideas and diversified their offerings in various verticals using innovation hubs, research and development centres spread across the country.
The Government of India has identified Information Technology as one of 12 champion service sectors for which an action plan is being developed.

A Business Networking Event Entertaining the Global Buyers and Encouraging their Fruitful Conglomeration with Indian IT Companies

B2B IT SHOW 2021 – Experience a world of innovations and explore the avenue of sourcing the best of total IT products & solutions for the growth of your enterprise including Mobile Application Services, Cloud Computing and much more… under one roof. The event will have over 200 Indian IT companies catering a host of solutions with value additions, three dimensional growth in skills, technology and expertise.

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