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Information technology in India

The information technology (I.T.) industry in India comprises information technology services and business process outsourcing.[1] The share of the IT-BPM sector in the GDP of India is 7.4% in FY 2022.[2][3] The IT and BPM industries' revenue is estimated at US$ 245 billion in FY 2023.[4][5][6] The domestic revenue of the IT industry is estimated at $51 billion, and export revenue is estimated at $194 billion in FY 2023.[5][6] The IT–BPM sector overall employs 5.4 million people as of March 2023.[7][5][6] In December 2022, Union Minister of State for Electronics and IT Rajeev Chandrasekhar, in a written reply to a question in Rajya Sabha informed that IT units registered with state-run Software Technology Parks of India (STPI) and Special Economic Zones have exported software worth Rs 11.59 lakh crore in 2021–22.[8][9]

  1. ^ Nirmal, Rajalakshmi. "IT's time for ctrl+alt+delete". The Hindu. Retrieved 26 February 2017.
  2. ^ "India: IT-BPM industry share in GDP 2022".
  3. ^ Cite error: The named reference ibef.org was invoked but never defined (see the help page).
  4. ^ "Indian IT sector to touch $245 billion in FY23: Nasscom". The Times of India. 2 March 2023.
  5. ^ a b c "Indian IT crosses $200-bn revenue mark, hits $227 bn in FY22: Nasscom". 15 February 2022.
  6. ^ a b c "In its yearly strategic review for FY22, Nasscom said the industry added 4.5 lakh new jobs to take the overall direct employees to 54 lakh people. Over 44 per cent of the new hires were women, and their overall share is now 18 lakh". 15 February 2022.
  7. ^ "Number of employees in IT".
  8. ^ "IT companies at STPI, SEZs export software worth Rs 11.59 lakh crore in 2021-22". The Economic Times. 16 December 2022. Retrieved 11 March 2023.
  9. ^ Bureau, The Hindu (16 December 2022). "Software exports from Andhra Pradesh not on expected lines, says BJP leader". The Hindu. Retrieved 11 March 2023 – via www.thehindu.com. {{cite news}}: |last= has generic name (help)

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