Indian IT sector may see low single-digit growth in FY25

Revenue likely to cross $300 bn in FY26, says Nasscom; 126,000 jobs added in FY25

- 

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.

Though the growth rate remains in low single digits, the industry, which has been impacted by macro global headwinds, is slowly seeing an increase in year-on-year growth.

Nasscom President Rajesh Nambiar said the growth trajectory was on the right path. In FY24, growth was 4 per cent; in FY25, it is expected to be 5.1 per cent, and if the industry achieves the $300 billion target, the growth rate would be around 6 per cent.

The industry added 126,000 new jobs in FY25, which will take the overall employment to 5.8 million. While the industry body did not provide hiring targets for FY26, Nambiar said the industry would continue to expand its workforce.