51 lakh got jobs, 227 Billion USD revenue generated in last fiscal
IndiGlobal Bureau
The Indian Information Technology (IT) Industry has directly employed around 51 lakh persons in the previous financial year, most of which are IT skilled, as per National Association of Software and Services Companies (NASSCOM). In addition, with increasing digitalization under the Digital India program in the last 7 years, other economic sectors have created large opportunities for digitally enabled jobs.
Meanwhile, as per report by Ministry of Electronics & IT on “India’s trillion-dollar digital opportunity”, India is poised to be a trillion dollar digital economy and could support digitally enabled jobs in huge numbers by 2025-26. Also, as per NASSCOM, the projected requirement of manpower by Indian IT industry itself by the year 2026 would be around 95 lakh, for India to maintain the growth momentum in IT sector and also of which 55 lakh will be digitally skilled across key digital technologies such as cloud computing, AI, big data analytics and IoT etc.
On the other hand, the total revenue of Indian IT sector in the previous fiscal was 227 Billion USD. The revenue generated in the last three years is given below.
| Financial Year | Revenue (USD in billion) |
| FY 2019-20 | 190 |
| FY 2020-21 | 196 |
| FY 2021-22 E | 227 |
Source: NASSCOM
