nasscom insights’ Post

The Indian tech industry is showing signs of recovery in Q1FY25, surpassing expectations despite global challenges. With demand on the rise, companies are delivering strong business performance across key metrics. Dive into the latest Nasscom Quarterly Industry Review for in-depth insights into the sector's trajectory and emerging trends. Achyuta Ghosh Nirmala Balakrishnan

Dive into the interview with TechGig as our MD & APAC Head, Piyush Jha, explores India's significant role in shaping the global economic landscape through Global Capability Centers (GCCs). Discover how skilled talent, cost advantages, and robust infrastructure are propelling India as a top destination for GCCs. Explore the collaborative efforts, investments in local talent, and innovative strategies that are reshaping the GCC landscape in India and beyond! #GlobalCapabilityCenters #GCCs #IndianEconomy #TechGigInterview #Innovation

In the corridors of progress, GCCs stand tall, Shaping India's economic landscape, one and all. With Piyush Jha's insights, a tale unfolds, Of how GCCs drive far-reaching goals. Collaborations, the heartbeats of change, Forge partnerships bold, in a wide-ranging range. Where global expertise meets local flair, Innovation thrives in the vibrant air. Investments in talents, a strategic stride, Empowering minds, where aspirations reside. In India's fertile soil, talents bloom, Fueling GCCs' growth, dispelling gloom. Innovation, the catalyst for transformation, Reshaping industries with fervent dedication. GCCs, the torchbearers of progress profound, Igniting economies, the world around. Skilled talent and cost benefits, a potent blend, Position India as a global trend. Robust infrastructure, a pillar strong, Lures GCCs to where opportunities throng. In the TechGig interview, a narrative bold, Of GCCs driving India's story told. A beacon of growth, a powerhouse grand, With GCCs, India's destiny is at hand. So let us celebrate, with pride and cheer, The GCCs' journey, far and near. In India's embrace, they find their place, A testament true to talent's grace.

India’s tech industry has been steadily gaining momentum over the past decade, emerging as a global powerhouse and a driving force behind the country’s economic growth. A recent report by Redseer, a leading management consulting firm, has projected a promising future for the Indian tech landscape, estimating that the value of tech businesses in the country will reach a staggering $1 trillion by the year 2033. Source: Rewatly . . . #IndianTechBoom #TechTrillion2024 #IndiaTech2024 #RedseerReport #TechGrowthIndia #IndiaTechFuture #TrillionDollarTech #TechSectorMilestone #IndiaInnovation #TechEcosystemIndia #FutureOfTechIndia #IndianTechJourney #DigitalIndia2024 #TechIndustryIndia #IndiaTechInvestment #sndigitech

India’s tech industry has been steadily gaining momentum over the past decade, emerging as a global powerhouse and a driving force behind the country’s economic growth. A recent report by Redseer, a leading management consulting firm, has projected a promising future for the Indian tech landscape, estimating that the value of tech businesses in the country will reach a staggering $1 trillion by the year 2033. Read More at: https://lnkd.in/g887S-Nm . . . #IndianTechBoom #TechTrillion2024 #IndiaTech2033 #RedseerReport #TechGrowthIndia #IndiaTechFuture #TrillionDollarTech #TechSectorMilestone #IndiaInnovation #TechEcosystemIndia #FutureOfTechIndia #IndianTechJourney #DigitalIndia2033 #TechIndustryIndia #IndiaTechInvestment

Debanjan Dutta discusses India's rapid rise in Global Capability Centers, showcasing its vital role in the global tech landscape. Explore the transformative journey and the collaborative vision for future growth. #TechInnovation #GlobalBusiness #IndiaGrowth https://lnkd.in/dByhuKte

India's digital transformation is surging forward, driven by innovative digital transformation businesses. These companies are not just tech wizards, but architects of change, empowering businesses to thrive in the digital age. From unlocking new revenue streams to creating a future-proof workforce, the impact is undeniable.💡 But what's next?🤔 Stay tuned to explore the exciting future of digital transformation and how BluePi can help your business be a part of it. Click here to know more:➡https://lnkd.in/gWnBpsiv #bluepi #DigitalTransformation #India #Innovation #DigitalIndia #tech

Strategic Review 2024: Rewiring Growth in the Changing Tech Landscape The NASSCOM report titled "Strategic Review 2024: Rewiring Growth in the Changing Tech Landscape" was released last month. The report provides a comprehensive analysis of India's technology sector, which has exhibited resilience and adaptability even during global economic headwinds. The sector's revenue crossed $250 billion, with a growth rate of 3.8% in FY24, highlighting its robustness amidst a global tech spending slide and contract declines. Some key highlights from the report include: Growth in sub-sectors: The report identifies Engineering, Research and Development (ER&D), and global capability centres (GCCs) as growth hotspots within the sector. ER&D, in particular, made a significant contribution by accounting for nearly half of the total export revenue addition in FY24. Economic challenges: The Indian tech industry has faced tough challenges such as global economic slowdown, inflation, recession fears, and geopolitical conflicts. Despite these challenges, the industry continues to exhibit growth potential. Future prospects: The report anticipates a revival in technology spending in 2024, with sectors like Hi-Tech, Banking, Financial Services and Insurance (BFSI), and Technology, Media, and Telecom (TMT) expected to perform better. Digital transformation: The emergence of Generative AI has spurred companies to expand their service offerings, with AI-driven analytics experiencing substantial growth. The report highlights the significant trend of training employees in Gen AI skills, with over 6.5 lakh employees trained between 2023 and 2024. Market optimism: CEOs surveyed in the report express optimism for better revenue growth in FY 2025, driven by factors such as strong deal pipelines, expansion in GCCs, and increased discretionary spending. FY 2025 Mantra: It will be all about the 4Rs - Reshape - Accelerate transition to AI first companies; Reskill - Make talent the biggest competitive advantage; Rewire growth; and Raise IP creation and R&D investments. Inevitable India: India continues to be the third largest start-up ecosystem in the world, with a cumulative funding of more than USD 70 Bn between 2019-2023. The report underscores the dynamic nature of the Indian tech sector and its ability to adapt and grow in a changing global landscape. It emphasizes capability building as a key focus for the coming year. #TechResilienceIndia #ERnDGrowth #DigitalTransformationIndia #FutureTechIndia #ZuciSystems

Indian industry is consistently strengthening its digital capabilities by adopting deep tech technologies and focusing on deploying emerging technology solutions such as AI, Cybersecurity, and IoT.In FY 23, the technology industry is estimated to have 5.4 Mn employees and contribution of 53% in India’s service exports. With 23 new unicorns, India became the 2nd highest country in terms of number of unicorns added in 2022. 1300+ new tech startups emerged in 2022. Over 280,000 employees were reskilled and made digital skilled in FY22.India’s technology industry revenue is estimated to be $245 Bn in FY 2023. Technology exports at $194 Bn, are expected to grow at 9.4% in reported currency terms. In terms of FDI equity inflow, the computer software and hardware sectors attracted the highest FDI in FY 2021-22.Up to 100% FDI is allowed in Data processing, Software development and Computer consultancy services; Software supply services; Business and management consultancy services, Market research services, technical testing and Analysis services, under automatic route. 13th Edition of India Leadership Conclave & Indian Affairs Power Brand Awards 2024, Network 7 Research, an independent research is mandated to nominate shortlisted six IT consulting companies. Currently under the nationwide voting, the result of the winner will be announced in a grand award ceremony on 17th May 2024 at Hotel Sahara Star Mumbai where more than 300 business leaders of the country & abroad will attend. India’s Most Watched & Innovative Enterprise in IT Services & Solutions 2024 Nominees 1. LTIMindtree Debashis Chatterjee Nachiket Deshpande Madhur Bhayana 2. Niveus Solutions Suyog Shetty Shashir Shetty Roshan Bava  3. Concentrix Chris Caldwell Andre Valentine Ravinder Singh Rana Deepak Wadhawan Saumyata Sinha 4. Datagrid Solutions Deepak Jain Karishma Aggarwal 5. Infogain  Dinesh Venugopal Dayapatra Nevatia Neha Kathuria 6. INNODATATICS * Innovation | Data | Analytics Sharat Manikonda Bharani Kumar Depuru #IndiaLeadershipConclave #IlcPowerBrand #Innovations To Vote : https://lnkd.in/gdA56ESr https://lnkd.in/dzSTbrc5

India's global capability centres (GCCs) have reshaped the tech landscape in the country in the last five years. A recent report reveals that 70% of Fortune 500 companies are set to expand their footprint in India by 2030. The Nasscom and Zinnov report projects GCC revenues to reach $99 billion to $105 billion by 2030, growing at a rate of 9-10% annually from the current $64.6 billion revenue. #India #Tech #GCCs #Fortune500 #Nasscom #Zinnov