India's technology sector to expand 6% to $315 billion in fiscal 2026, industry body says

3 weeks ago 16

Haripriya Suresh and Sai Ishwarbharath B

Tue, February 24, 2026 astatine 1:59 AM CST 1 min read

By Haripriya Suresh and Sai Ishwarbharath B

MUMBAI, Feb 24 (Reuters) - India's exertion assemblage is expected to ‌grow 6.1% to $315 cardinal gross successful the ongoing ‌fiscal twelvemonth and stay astir that level adjacent fiscal, driven by artificial intelligence-led services arsenic good arsenic concern astatine planetary capableness centres, an manufacture assemblage said connected Tuesday.

Nasscom raised past fiscal year's gross for the assemblage to $297 cardinal from $283 ‌billion earlier.

The prediction ⁠comes arsenic IT and bundle services manufacture has been facing a treble whammy of tepid ⁠demand and menace of disruption from precocious AI tools. A selloff successful Indian IT stocks earlier this period wiped retired about $44 cardinal successful marketplace capitalisation.

However, apical Indian IT ‌service providers specified arsenic Tata Consultancy Services, Infosys and HCLTech person signaled amended request for fiscal twelvemonth 2027, stemming from beardown declaration bookings and instrumentality of discretionary spending.

The tech assemblage is expected to adhd 135,000 jobs connected a nett ‌basis, taking the full headcount to 5.95 cardinal successful fiscal year 2026, Nasscom said.

The full workforce roseate to 5.8 cardinal successful fiscal ‌2025 from 5.67 cardinal a year earlier.

"There is nary question that the wide hiring from the field has travel down importantly from wherever it used to be," ‌said Rajesh Nambiar, president of Nasscom.

(Reporting by Sai Ishwarbharath B and Haripriya Suresh; Writing by Kashish Tandon; Editing by Mrigank Dhaniwala)

Read Entire Article