Indian IT crosses $200-bn revenue mark, hits $227 bn in FY22: Nasscom

The Indian technology industry crossed the $200 billion revenue mark, reaching $227 billion revenue in FY22, witnessing a $30 billion incremental revenue in the year with an overall growth rate of 15.5 per cent. Recording the highest ever growth since 2011 said Nasscom in its Strategic Review. The industry association is also confident that the industry can achieve the ambitious target of being a $350 billion by FY26 growing at a rate of 11-14 per cent.

The industry added 450,000 new hires in FY22, the highest ever taking the total direct employee base of the industry to 5 million. India