How India's IT Hubs Will Transform and New Hi-Tech Centres Will Rise

AS INDIA PREPARES to celebrate its centenary of independence, Vision 2047: Viksit Bharat envisions a developed nation where opportunity, innovation, and prosperity are widespread. It is estimated that India’s GDP might grow to the $25-30 trillion bracket by then, up from $4 trillion today. India is already the fastest-growing large economy in the world.

- By TV Mohandas Pai & Nisha Holla

Technology and IT services are among the largest drivers of growth and will continue contributing to GDP expansion, job creation, and global competitiveness.

Today, India exports $235 billion worth of software services, contributing to total services exports of $380-385 billion, while remittances add another $125 billion. By 2047, India’s technology map will look significantly different: established IT hubs like Bengaluru, Mumbai, Hyderabad, Pune, Gurugram, and Chennai will undergo transformation, while a new generation of high-tech centres will emerge across Tier-2 and Tier-3 cities.

An IT Powerhouse Today

IT services and technology are central to India’s economy, making up a significant share of the services sector, which currently contributes ~55 per cent of GVA and is expected to reach 75-80 per cent by 2047.

Bengaluru leads India’s IT success story:

• 7.5M+ employees in the tech sector nationally, with Bengaluru alone employing 2.5M+ professionals.

• 65,000+ IT firms, 20,000+ startups, 52 unicorns in Bengaluru alone.

• Bengaluru’s IT exports stand at $120 billion, accounting for ~50 per cent of India’s total IT services exports.

Other established hubs include Hyderabad, Pune, Gurugram, Mumbai, and Chennai, and more.

Why Bengaluru Succeeded

Bengaluru evolved into the global human capital centre because it achieved ecosystem critical mass:

• High-quality engineering colleges supplying abundant talent.