What is the future of IT services in India?

What is the future of IT services in India?

India’s technology services industry can achieve $300-350 billion in annual revenue by 2025 if it can exploit the fast-emerging business potential in cloud, artificial intelligence (AI), cybersecurity and other emerging technologies, according to a report by industry body Nasscom and global consulting firm McKinsey .

What is the current status of IT industry in India?

The IT industry accounted for 8\% of India’s GDP in 2020. According to STPI (Software Technology Park of India), software exports by the IT companies connected to it, stood at Rs. 1.20 lakh crore (US$ 16.29 billion) in the first quarter of FY22.

What is the future of the IT BPM industry in India?

With the consequential rise in numbers, India has become a hub and acquires around 75\% of global talent. With a 6.1\% growth in the year 2019, India’s IT-BPM sector stood at $177 Billion and approximating growth at this rate, the industry will develop to $ 350 Billion by the year 2025.

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What are the best future business ideas in India?

This is one of the Best Future Business Ideas in India. Today, many shipping companies are facing the problem of delivering goods and services in the rural areas due to lack of proper road connectivity. You can provide the last-mile delivery solutions by setting up a warehouse on the edge of the city limits.

What is the future of the Indian workforce?

Skill development and employment for the future workforce According to the World Economic Forum’s report “ The Future of Jobs 2018 ”, more than half of Indian workers will require reskilling by 2022 to meet the talent demands of the future. They will each require an extra 100 days of learning, on average.

What is the growth of information technology industry in India?

Information technology that comprises of all new commuting technologies and communications has seen tremendous growth in the last decade of the 20th century. To be more definite, the growth of the Information Technology Industry in India has taken quantum leaps since the 1990s.

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