India's technology sector is expected to grow at a higher pace this fiscal year, driven by engineering research and development and the rising number of global capacity centres (GCC), or low-cost offshore hubs,

These revised numbers imply that in March 2024, the IT industry grew from $244.6 billion a year earlier to $268.8 billion-- a steep 9.9% growth -- and added 300,000 people

According to the annual strategic review report, tech companies added $13.8 billion in incremental revenues to reach $282.6 billion (including hardware).

Nasscom forecasts a 5.1% growth in the IT sector's revenue for FY25, reaching USD 282.6 billion, with expectations to surpass USD 300 billion by FY26. Despite global challenges, the sector sees employment growth and revenue surges across various categories,

Tech industry revenues are seen rising to $300 billion in FY26, according to estimates by industry body Nasscom, with global capability centres being one of the growth factors.

The Indian IT industry is expected to grow by 5.1 per cent to $282.6 billion in FY25, up from the 4 per cent growth in FY24. Nasscom, the industry body, said the sector was likely to surpass the $300 billion revenue milestone in FY26.

The tech industry will be doubling its headcount addition in to 1.25 lakh new jobs in the financial year 2024-25, from 60,000 in the last fiscal year, according to the Annual Strategic Review report by the National Association of Software and Service Companies (nasscom), released on February 24.

IT industry body Nasscom on Monday pegged the FY25 revenues for the sector to grow 5.1 per cent to USD 282.6 billion.

The Indian Information Technology (IT) sector is on track to achieve revenue growth in the coming fiscal years, with Nasscom projecting a 5.1 per cent increase to $282.6 billion in FY25. Additionally,