What is the future of IT industry in India?

India’s technology services industry can achieve $300-350 billion in annual revenue by 2025 if it can exploit the fast-emerging business potential in cloud, artificial intelligence (AI), cybersecurity and other emerging technologies, according to a report by industry body Nasscom and global consulting firm McKinsey .

What is the future technology in IT industry?

Artificial Intelligence and Machine Learning. Robotic Process Automation (RPA) Edge Computing. Quantum Computing.

Which industry has future in India?

FMCG is the most defensive sector for long-term investment in India. Most of the products in this Industry have been used by people for over 100 years and yet will continue in the future. Few FMCG companies like HUL, Dabur, Emami, ITC, Nestle, etc are common names in Indian houses.

What is the status of IT industry in India?

The IT industry accounted for 8% of India’s GDP in 2020. The IT and BPM industry’s revenue is estimated at US$194 billion in FY 2021, an increase of 2.3% YoY. The domestic revenue of the IT industry is estimated at US$45 billion and export revenue is estimated at US$150 billion in FY 2021.

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What is the scope of IT industry in India?

The article states that the IT sector is one of the top two industries in the country today. India’s IT industry is expected to grow at a rate of 12 – 14% during 2016 – 2017 as per a report by India’s software industry body National Association of Software and Services Companies (NASSCOM.)

Which IT field is best for future?

Here is our list of the best tech jobs for 2021, along with job descriptions for each IT job:

  • Artificial Intelligence (AI) / Machine Learning Engineer.
  • Data Scientist.
  • Information Security Analyst.
  • Software Engineer.
  • Computer Research Scientist.
  • Data Analyst.
  • IT Manager.
  • Database Administrator.

Which IT course is best for future?

Some of the best IT courses in India are:

  • Data Science. …
  • Cloud Computing. …
  • Cyber Security. …
  • Blockchain. …
  • DevOps. …
  • Data Visualization. …
  • IoT (Internet of Things) …
  • AI & ML (Artificial Intelligence & Machine Learning)

Which industry will grow in 2025?

Indian Direct Selling Association (IDSA) Vice President, Rajat Banerji, said that in the first six months of FY 2020-21, the direct selling industry in India registered a growth of 4.7 per cent over the corresponding period in FY 2019-20.

Which sector will grow in 2021?

Top 5 Sectors to invest in, in 2021

  • – Banking: A number of sectoral mutual funds have increased their allocation in this sector of the economy, resulting in a higher proportion of banking and financial stocks in the market. …
  • – Infrastructure: …
  • – Pharmaceuticals: …
  • – IT/ technology: …
  • – Chemicals: …
  • Conclusion.
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IS IT sector booming in India?

The Indian IT industry has grown rapidly with an exponential growth rate after the economic reform of 1991-92. … The revenue is further expected to grow in the coming years with an accelerating growth rate and expected to reach 350 billion US dollars by 2025.

What is the current situation of IT industry?

The rate of growth in the IT sector for 2019-20 is approximately ten percent. Indian IT industry has grown rapidly with an exponential growth rate after the economic reform of 1991-92. Indian IT companies have set up thousands of centres within Indian and around 80 countries across the world.

WHAT IS IT sector salary in India?

Information Technology (IT) Services Jobs by Salary

Job Title Range Average
Job Title:Senior Software Engineer Range:₹487k – ₹2m Average:₹848,397
Software Engineer Range:₹279k – ₹1m Average:₹492,538
Software Developer Range:₹211k – ₹1m Average:₹481,057
Sr. Software Engineer / Developer / Programmer Range:₹473k – ₹2m Average:₹866,953