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Source: IBEF

“In FY21, Indian IT industry revenues are estimated to increase by 2.3% to US$ 194 billion and exports will increase by 1.9% to US$ 150 billion, NASSCOM said on Monday.

In FY20, the industry added 1.38 lakh new employees, taking the total employment to 44.7 lakh.

The body’s president Ms. Debjani Ghosh said, “We have emerged from the crisis more robust and more important. We have been the bellwether to lead the COVID-19 war. Industry has been the first sector to recover from the crisis caused by the pandemic and has hit progress.”

As per the report, the numbers disclosed by listed firms, the total transaction pipeline is over US$ 15 billion.

71% of the 100 industry chief executives stated global technology investment would be higher in 2021, as per the forecast.”