NASSCOM Reviews India’s Technology Sector 2021-2022
NASSCOM issues the annual strategic review of India's technology sector, which experienced a massive boom in the last 10 years. The executive summary of progress titled "Think Digital, Think India, From Resilience to Resurgence" has a constructive foreword from the President of NASSCOM, Debjani Ghosh, highlighting the performance of India's technology sector in 2021 and 2022 with predictions for 2023.
In FY2022, the technology industry in India reached $227 Billion in total revenue, exceeding the pre-pandemic FY2019 revenue level by more than double. Importantly, the sector added its most recent $100 billion in ten years, but the first $100 billion took thirty! The industry added a record-breaking 445,000 net new jobs in FY2021, surpassing the 5 million mark in total employment. The...