*In FY22, the top three Indian IT companies, TCS, Wipro and Infosys, were expected to offer 1.05 lakh job opportunities due to the increasing demand for talent and skill.
*India‘s IT and business services market is projected to reach US$ 19.93 billion by 2025.
*The IT spending in India is estimated to record a double-digit growth of 11.1% in 2024, totaling US$ 138.6 billion up from US$ 124.7 billion last year.
*Indian IT firms have delivery centres all across the world.
*IT & BPM industry is well diversified across verticals such as BFSI, telecom and retail.
*Increasing strategic alliance between domestic and international players to deliver solutions across the globe.
*India’s technology industry is on track to double its revenue to US$ 500 billion by 2030.
*India’s overall Digital Competitiveness Score of 60 (on 100) , Ahead of every BRICs nations besides China, refelects the rise of tech talent in the country,
*Japanese investments in the Indian IT sector grew 4X between 2016-20. Investments stood at US$ 9.2 billion over the last two decades.
*In the Union Budget 2023-24, the allocation for IT and telecom sector stood at Rs. 97,579.05 crore (US$ 11.8 billion).
*In September 2022, the new Telecommunications Bill 2022 was published for public consultation by the Ministry of Communications to creating a new telecom framework in India.
India has the fastest internet traffic growth globally and is expected to have 348 million users by 2017, up from 138 million in 2012.
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