The Indian IT industry has a leading position globally and has been progressively contributing to the growth of exports and creation of employment opportunities. As per National Association of Software and Services Companies (NASSCOM), India’s IT industry has grown significantly in last decade.
Financial Year | Total Revenue (USD Billion)* | Export Revenue (USD Billion)* |
FY 2014-15 | 118 | 100 |
FY 2024-25(E) | 283 | 224 |
*Figures from NASSCOM
Government has come up with various initiatives to promote IT industry across the country which include setting up of 67 centres of Software Technology Parks of India, 100% Foreign Direct Investment (FDI), BPO Promotion Schemes for small towns/cities, National Policy on Software Products-2019 (NPSP 2019), various skill development program through 55 centres of National Institute of Electronics & Information Technology (NIELIT), FutureSkills PRIME for re-skilling/ up-skilling of IT professionals, promotion of Start-up ecosystem through Technology Incubation and Development of Entrepreneurs (TIDE 2.0), Startup Accelerator of MeitY for Product Innovation, Development, and Growth (SAMRIDH), Domain Specific Centres of Excellence (CoEs), Gen-Next Support for Innovative Startups (GENESIS), India AI Mission etc.
These initiatives have played a crucial role for growth of IT industry. The state-wise details of export from STPI registered units including Telangana is at Annexure.
This information was given by the Union Minister of State for Electronics & Information Technology Shri Jitin Prasada in Lok Sabha today.
