Indian Tech Industry to Add 1.25 Lakh Jobs in FY25: Nasscom
The Indian technology industry is expected to experience a significant boost in the upcoming fiscal year, with Nasscom predicting the addition of 1.25 lakh jobs in FY25. This estimate is more than double the number of jobs added in the previous year, which stood at 60,000. The industry’s revenue is also expected to reach $283 billion, with a growth rate of 5.1%. This growth is a testament to the industry’s resilience and adaptability amidst global uncertainties.
Nasscom’s annual strategic review highlights the industry’s ability to bounce back from the challenges posed by the COVID-19 pandemic. The industry’s growth is driven by the increasing demand for digital transformation services, cloud computing, and artificial intelligence. The estimates also suggest that the industry’s growth will be driven by the emergence of new technologies and innovations, such as 5G, Internet of Things (IoT), and blockchain.
The addition of 1.25 lakh jobs in FY25 is a significant milestone for the Indian tech industry. This growth will not only provide employment opportunities to thousands of young professionals but also contribute to the country’s economic growth. The industry’s growth will also lead to increased investments in research and development, infrastructure, and talent development.
The growth of the Indian tech industry is also expected to have a positive impact on the country’s GDP. The industry’s revenue of $283 billion is expected to contribute significantly to the country’s GDP, making it one of the largest contributors to the economy. The growth of the industry will also lead to increased foreign investments, which will further boost the country’s economy.
The industry’s growth is also expected to be driven by the increasing demand for digital transformation services. As more and more companies embark on their digital transformation journeys, the demand for services such as cloud consulting, data analytics, and cybersecurity will increase. The industry’s growth will also be driven by the emergence of new technologies such as 5G, IoT, and blockchain, which will create new opportunities for innovation and growth.
The growth of the Indian tech industry is also expected to have a positive impact on the country’s education system. The industry’s growth will lead to increased demand for skilled professionals, which will drive the growth of the education sector. The industry’s growth will also lead to increased investments in research and development, which will create new opportunities for innovation and growth.
In conclusion, Nasscom’s predictions for the Indian tech industry’s growth in FY25 are a testament to the industry’s resilience and adaptability amidst global uncertainties. The addition of 1.25 lakh jobs and the industry’s revenue reaching $283 billion are significant milestones for the industry. The industry’s growth will not only provide employment opportunities to thousands of young professionals but also contribute to the country’s economic growth.
Source:
