Nasscom forecasts India’s IT sector to expand 6.1% in FY26, with revenues touching $315 billion and 1,35,000 new jobs created. Growth will be driven by AI-led services and global capability centres, reinforcing the industry’s resilience amid global headwinds and technological shifts.
India’s technology sector continues to demonstrate resilience, with Nasscom projecting a 6.1% growth in FY26, taking overall revenues to $315 billion. This marks a slight uptick from FY25’s 5.9% growth, despite challenges posed by global economic volatility and rapid AI adoption.
The industry remains a net job generator, with 1,35,000 new roles expected to be added in FY26. This will increase the total workforce to 5.95 million, underscoring the sector’s ability to balance automation concerns with new opportunities in emerging areas.
Key Highlights
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Revenue growth projected at 6.1% in FY26, reaching $315 billion
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FY25 revenues revised upward to $297 billion from $282.6 billion
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Net job additions of 1,35,000 expected, taking total employment to 5.95 million
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AI-led services and global capability centres identified as major growth drivers
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Job growth at 2.3% reflects slower expansion compared to revenue growth, highlighting efficiency gains
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Industry leaders emphasize resilience despite geopolitical and technological headwinds
Nasscom President Rajesh Nambiar noted that while AI is reshaping the industry, India’s IT sector continues to adapt by expanding into new service lines and strengthening global delivery models. The sector’s ability to sustain growth and employment generation positions it as a critical pillar of India’s economic progress.
Sources: Business Standard, The Week, The Financial Express, Hindustan Times, ET Government