3 India IT/ITeS
Industry Overview (continued)
3.1 Evolution and Key Hubs (Continued)
FY12/13-FY15/16:
•
The Indian IT sector has inculcated new age computing technologies such as cloud computing, SOA etc. A growing
number of Indian IT companies are adopting services in the Cloud as a part of their wider product range.
•
Online retailing, cloud computing and e-commerce leading to rapid growth in the IT industry.
•
Remote managed IT Service (RMITS) has gained prominence, especially among the smaller organisations which
lacked adequate internal IT resources to manage their ICT infrastructure.
•
The recent Government campaigns in Digital India, Make in India, Skilling India, etc. are fuelling growth in the
domestic market.
3.2 IT/ITES Industry – Performance Highlights
The table mentioned below highlights industry performance over the last few years:
Particulars
Unit
FY
09/10
FY
10/11
FY
11/12
FY
12/13
FY
13/14
FY
14/15
FY
15/16(E)
FY
16/17(F)
IT-BPM Revenues
US$ billion 74
88
100 109*
119*
132*
143 157-160
Growth in IT-BPM
Revenues
% 6.9
19.2 14.5
8.0
9.7
10.4
8.5 10-12
Exports
US$ billion 50
60
69
77
86
98
108 118-120
Growth in Exports
% 5.5
18.6 16.2 11.6 11.6 12.3 10.3 10-12
Exports as % of Total
Revenues
% 68
67
68
71
72
74
76
76
Employment
In million 2.3
2.5
2.8
3.0
3.3
3.5
3.7
3.9
Increase in Employment
No.
104,000 241,000 233,000 191,000 323,000 231,000 200,000 200,000
Source: NASSCOM, Department of Electronics & Information Technology (DeitY); *These values exclude revenues from the e-commerce sector
The IT industry has been one of the most significant growth drivers for the Indian economy, with revenue growing from
US$74 billion in FY10/11 to an estimated US$143 billion in FY15/16. India’s IT and BPM sector exports is estimated to grow
by 10.3% to US$108 billion in FY15/16 and domestic revenues are estimated to grow to US$35 billion for the same period.
For FY16/17, NASSCOM forecasts that the Indian IT and BPM sector would grow by 10-12%. This growth is expected to
be fuelled by an 11-13% growth in domestic revenue, while exports are forecasted to grow at 10-12% with a further net
employment addition of approximately 200,000 in FY16/17.
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ASCENDAS india trust ANNUAL REPORT
2015/2016
