Sector Snapshot · IT-Services

India's IT Industry Is on Track to Hit US$315 Billion

A fast-read primer on India's IT services sector — the backdrop against which we benchmark every company's cost structure in this category.

US$315.4 bn

India's IT industry size by 2026 (10% of GDP)

US$297 bn

IT industry revenue, FY25

16%

YoY hiring growth, April 2025

3.46 mn

Projected GCC workforce by 2030

US$500 bn

Tech industry revenue target by 2030

Revenue and Software Exports Are Both Climbing

IT industry revenue has grown steadily for years, and software services exports are set to keep pace.

IT Industry Revenue (US$ billion)

FY19 → FY25

$181bn

FY19

$297bn

FY25

Software Services Exports (US$ billion)

2025 → 2030 forecast

$158.19bn

2025

$197.78bn

2030F

What's Pushing the Sector Forward

Scale, export strength, and clear policy support define this large and growing sector.

Large Economic Contribution

IT industry set to hit $315.4bn by 2026, contributing 10% to GDP

Export & Employment Growth

Industry revenue reached $297bn in FY25
GCC workforce projected to reach 3.46 million by 2030

Policy Support

Budget 2026-27 proposes a tax holiday until 2047 for foreign cloud service companies

Recent Developments

A sample of the industry-wide and policy moves shaping the sector through early 2026.

→ India's IT sector saw 16% YoY hiring growth in April 2025, driven by AI adoption, cloud modernisation and GCC expansion.
→ Non-metro cities like Udaipur, Vizag and Coimbatore drove over 50% IT hiring growth in H1 2025.
→ India's technology industry is on track to double revenue to $500 billion by 2030.
→ The computer software and hardware sector attracted $110.16 billion in FDI since April 2000.
→ Internet connections surpassed 100 crore in June 2025, up from 25.15 crore in March 2014.
→ India ranks third among global start-up ecosystems, with more than 68,000 tech startups.

Companies We Benchmark in This Sector

Listed Indian IT-Services companies in tDoBe's cost-benchmarking coverage.

L&T Technology Services

Inventurus Knowledge Solutions

Tata Technologies

Netweb Technologies

Affle 3i

Sagility

Black Box

Amagi Media Labs

E2E Networks

Cyient

Datamatics Global Services

eMudhra

R Systems International

Sasken Technologies

Zaggle Prepaid Ocean Services

BLS E-Services

Protean eGov Technologies

Brightcom Group

See How These Companies Compare on Cost

The numbers above set the stage. Our Report translates it into a company-by-company cost benchmark — down to the category — so you can see exactly where a business sits against its peers.

Explore the IT-Services Report