Make In India

IT & BPM Sector Overview

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India’s IT & BPM sector, valued at ₹11 trillion in 2023-24, is a key driver of the country’s economic growth. It has established India as a global leader in outsourcing services and software development.

Why Invest in the IT & BPM Sector

  • Global Leadership: India holds a 55% market share in the global outsourcing market.
  • Growing Demand: Increasing demand for cloud computing, AI, and cybersecurity services.
  • Government Support: Initiatives like Digital India and IT/ITES SEZ policies boost sector growth.

Incentives & Schemes

  • Digital India Initiative: Aims to increase digital infrastructure and services.
  • PLI Scheme for IT Hardware: ₹7,350 crore to promote local manufacturing of IT hardware.
  • SEZ Policy: Incentives for IT/ITES units setting up in Special Economic Zones (SEZs).

Highlights

  • Market Growth: Projected to reach $500 billion by 2025.
  • Employment: Direct and indirect employment for over 5 million people.
  • Export Dominance: India’s IT & BPM services account for 80% of the sector's export revenue.

IT & BPM Sector Data

Category Details
Market Size (2023-24) ₹11 trillion
Revenue from Exports (2023) $200 billion
PLI Scheme for IT Hardware ₹7,350 crore
SEZ Units 100+ SEZs with IT/ITES units
Global Outsourcing Market Share 55% of global market
Sector Growth Rate CAGR of 10% (2024-2030)
Employment 5 million+ people
FDI in IT Sector $50 billion in cumulative FDI since 2000
Cloud Computing Market Size $15 billion (2023)
Cybersecurity Market Size $3 billion (2023)

Latest Figures and Progress

  • Exports: IT & BPM exports reached $200 billion in 2023, contributing to 80% of sector revenue.
  • Sector Growth: The sector is projected to grow at a CAGR of 10% through 2030.

India’s IT & BPM sector continues to thrive with strong export demand, innovative solutions, and government support driving its growth.