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IT industry in India - Statistics & Facts

The IT industry in India is a key part of the country’s economy. In 2017, information technology and its various subsectors represented almost eight percent of the nation’s overall GDP. In financial year 2019, this industry in India generated an annual revenue close to 180 billion U.S. dollars, a significant increase from the generated revenue ten years ago. A majority of this revenue was generated in exports while domestic revenue totaled to less than 50 billion U.S. dollars for the mentioned period.

As the industry in the south Asian continued to flourish, end-user spending on the market also increased, albeit slowly. IT end-user spending in the country stood at around 67 billion U.S. dollars in 2013 but has decreased considerably and is estimated to reach a value of around 17 billion U.S. dollars in 2020. About a third of this spending in 2019 was estimated to be in the devices market, with telecommunications services accounting for another third.

Some of the biggest IT service providers in India include IBM and HP, as well as Indian-based companies, Wipro and Tata Consultancy Services (TCS). Overall, in 2017, the industry provided direct employment to almost four million people and indirect employment to more than ten million. Of these employees, over 420,000 worked for TCS and more than 228,000 worked at Infosyswhich is based in Bangalore. TCS revenue reached almost 1.5 trillion Indian rupees in 2019, making it the largest India-based IT services company that year. This ranks it as one of the world’s largest IT services providers.

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IT industry in India

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