India - a global hub for talent
By MYBRANDBOOK
The Indian technology sector is set to reach $245 billion in FY23, despite the global headwinds. Resulted there is an incremental revenue of $19 billion over FY 2022. The momentum shows the industry is on track to hit $500 billion by 2030, as per the report of NASSCOM.
This emerging sector has added 2.9 lakh new jobs to take the overall number to 54 lakh employees. The growth has been across segments of IT services, business process management, software products, engineering research & development (ER&D) and domestic market.
“FY23 has been another growth year for the industry creating impact for the country and all stakeholders. Despite global headwinds and some moderation in demand, the industry value proposition of resilience, agility and a transformation partner for global enterprises, enabled the industry to strengthen its leadership in core and emerging areas,” said an expert from NASSCOM.
India is a global hub for talent and continues to be the net employer with over 5.4 million workforce, creating 290,000 new jobs in FY23. The country has also emerged as a hotbed for deep tech startups in India, with it reaching a total of 3,000 in FY23. India added 1,300 new startups and 23 new unicorns in 2022.
With a 36% digitally skilled workforce, the industry remains on the top in terms of artificial intelligence skills penetration, the second-largest in terms of artificial intelligence, machine learning and big data analysis talent pool globally. It was also third in terms of installed supply of Cloud professionals.
In digital tech, analytics, cloud and cybersecurity are emerging as the fastest-growing segments, wherein the share of Cloud deals was reportedly four times of pre-pandemic levels.
India has emerged as a global powerhouse for deep-tech innovation capabilities and R&D, and is steadfastly committed to ushering future growth and innovation for global enterprises.
BREAKING NEWS
TECHNO TRENDS
Microsoft set to unveil Xbox handheld console, new Xbox series
Insiders suggest the device will feature a hybrid system, combining Xbox OS...
Market Selloff Deepens as Recession Fears Grip Wall Street
Wall Street suffered a sharp decline as escalating trade tensions and reces...
Western Digital Exits SSD and NAND Business to Prioritize HDD
SanDisk, which has long been responsible for Western Digital’s SSD segmen...
ServiceNow to strengthen its AI portfolio with Moveworks acqui
This acquisition boosts ServiceNow’s AI capabilities, reinforcing its str...
E-Magazine
TECHNOTAINMENT
Is Virender Sehwag seeking a divorce from his wife Aarti Ahlaw
Virender Sehwag is one of the most popular cricketers in India. Known for
Cricketer Shubman Gill to be summoned in Rs 450 cr Ponzi scam
Leading Indian cricketer Shubman Gill is among four Gujarat Titans player
MOVERS & SHAKERS
TelioLabs ropes in Phaniraj V A as the Group CEO
TelioLabs has announced the onboarding of Phaniraj V A as its new Group CE
Wipro Appoints Amit Kumar as Managing Partner and Global Head
Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading technology s
OPEN YOUR EYES
INTERVIEWS
Alcatel-Lucent Enterprise Carrying a 100 year legacy ahead
A good amount of R&D works and global support services are operated out of
Cisco building a trusted and resilient future for the nation
Security is foundational to everything Cisco does and customers insist on e
HOT PICK
Nothing Phone (3a) goes on sale today, starting at Rs 19,999
The phone was launched on March 4, featuring a 50MP main, ultra-wide, and t
BOULT unveils AmpVault V10 & V20 powerbanks: Fast charging, sa
BOULT, India’s No 1 Rated Audio brand is proud to announce the launch of
MAKE IN INDIA BRANDS
FRESHWORKS TECHNOLOGIES PVT. LTD.
EXATRON SERVERS MANUFACTURING PVT. LTD.
VEHERE INTERACTIVE PVT. LTD.
HIMACHAL FUTURISTIC COMMUNICATIONS LTD.
EMINENT CIO'S OF INDIA
ICONS OF INDIA
Icons Of India : Arundhati Bhattacharya
Arundhati Bhattacharya serves as the Chairperson and CEO of Salesforce...
Icons Of India : NANDAN NILEKANI
Nandan Nilekani is the Co-Founder and Chairman of Infosys Technologies...
Icons Of India : ASHISH KUMAR CHAUHAN
Ashish kumar Chauhan, an Indian business executive and administrator, ...
PARTNER SPEAKERS
PSU
BSE - Bombay Stock Exchange
The Bombay Stock Exchange (BSE) is one of India’s largest and oldest...
LIC - Life Insurance Corporation of India
LIC is the largest state-owned life insurance company in India...
CSC - Common Service Centres
CSC initiative in India is a strategic cornerstone of the Digital Indi...
VIDEOS
Top 25 Brands
Global Indian industry
Indian Tech Talent Excelling The Tech World - Soni Jiandani, Co-Founder- Pensando Systems
Soni Jiandani, Co-Founder of Pensando Systems, is a tech visionary ren...
Indian Tech Talent Excelling The Tech World - Satya Nadella, Chairman & CEO- Microsoft
Satya Nadella, the Chairman and CEO of Microsoft, recently emphasized ...
Indian Tech Talent Excelling The Tech World - Thomas Kurian, CEO- Google Cloud
Thomas Kurian, the CEO of Google Cloud, has been instrumental in expan...
ITFORUM 2025
CMO of the Year
WOMEN LEADERSHIP
IMAGE GALLERY
TRENDS IN TECHNOLOGY
MORE VIDEOS
ADVERTISEMENTS
TECHNOLOGY DISRUPTION
UNICORNS REVOLUTIONISING
of images belongs to the respective copyright holders
