The IT industry contributes significantly to Indian economy. In the year 2017, almost 8% of the nation’s overall GDP was contributed by the IT sector. In the F.Y. 2019, this industry in India made an annual revenue of USD 180 billion. A major chunk of this revenue was generated by exporting the IT services and approx. USD 50 billion was the revenue generated by the domestic sector for the mentioned period. But when we talk about IT end-user spending in the country, there has been a significant decrease in the numbers. In the year 2013 it stood at around USD 67 billion whereas it is around USD 17 billion in the year 2020, a decrease of almost USD 50 billion. In the year 2019, a third of this spending was in the devices market and another third in the telecommunications services. The major IT service providers in India are: IBM, Hewlett Packard (HP), Wipro, Tata Consultancy Services (TCS), and Infosys. As far as the job creation is concerned, IT industry provided direct employment to almost 4,000,000 people and indirect employment to more than 10,000,000 in 2017. Out of these total number of employment, TCS only employed over 420,000 people whereas another 228,000 people worked in Infosys. In the year 2019, TCS revenue was almost Indian rupees 1.5 trillion making it the largest India-based IT services company in India.

Thus summing it, these are some key data related to IT Industry in India:

 

  • Export of IT services: 70 Billion USD
  • Export of Software Products and Engineering Services: 28 Billion USD
  • Export Revenues from IT industry: 126 Billion USD
  • Analytics Applications Software Market: 31.6 Million USD
  • Growth of Business Intelligence Software Revenues: 14.58%
  • Infrastructure Software Market: 2.4 Billion USD
  • Size of Public Cloud Services Market: 1.9 Billion USD
  • Largest Segment of Public Cloud Services: Infrastructure as a Service (IaaS)
  • Direct Employment from IT Industry: 3.9 Million
  • Employees in Tata Consultancy Services (TCS): 424,285
Employees in Infosys: 228,000