India: IT-BPM industry revenue 2024| ��ƽ��

Revenue of the information technology and business process management industry in India from financial year 2016 to 2023, with estimates until 2024 (in billion U.S. dollars)

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Release date

March 2025

More information

Region

India

Survey time period

FY 2016 to FY 2024

Special properties

including domestic, export market, excluding hardware

Supplementary notes

*estimated value

Values have been rounded for clarity.

Previous reports have been accessed for historical data.

India's financial year begins in April and ends in March. For example, FY 2020 started in April 2019 and ended in March 2020.

Citation formats

The total revenue generated by the IT and BPM industry in India reached *** billion U.S. dollars in 2023. The general upward trend during the presented period was mainly generated by the massive wave of outsourcing from foreign companies.

The domestic market

The IT-BPM sector contributed a share of over percent to India’s GDP in fiscal year 2022. Exports from the sector also increased gradually over the years. As of financial year 2023, Tata Consultancy Services was the largest IT services company in India, with a market capitalization of **** trillion Indian rupees. At the same time, the sector had an export value which was more than thrice the export value of software products and engineering services.

Fueling the job market

The South Asian country Is the largest process management destination worldwide. With the potential to harness new technologies, the industry can generate huge employment and revenue opportunities. Being the largest organized sector for job creation, the sector was estimated to contribute a share of about *** percent to the GDP by 2025.