Information Technology industry’s revenue was estimated at around US 192 billion $ (Dollar) in Financial Year 20, growing at 7.6% y-o-y. It is estimated to reach US$ 351 billion by 2025. Moreover, revenue from the digital segment is expected to form 37% of the total industry revenue by 2025. Digital economy is estimated to reach INR 69,90,000 crore (US$ 1 trillion) by 2025. The domestic revenue of the IT industry was estimated at US$ 44 billion and export revenue was estimated at US$ 146 billion in FY20.
Total number of employees grew to 1.04 million cumulatively for four Indian IT majors. Indian IT industry employed 205,000 new hires and had 885,000 digitally skilled talents.
Indian IT's core competencies and strengths have attracted significant investment from major countries. The computer software and hardware sector in India attracted cumulative Foreign Direct Investment (FDI) inflow worth US$ 50 billion between April 2000 and March 2020. The sector ranked second in FDI inflow as per the data released by Department for Promotion of Industry and Internal Trade (DPIIT).