Information Technology Sector Grew 15.5% In 2021-22: NASSCOM

Published:Nov 29, 202308:32
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Information Technology Sector Grew 15.5% In 2021-22: NASSCOM

Information Technology Sector Grew 15.5% In 2021-22: NASSCOM

Information expertise sector has proven sturdy progress in present fiscal: NASSCOM chief

Mumbai: The data expertise (IT) sector is ready to develop into a $227 billion trade within the present fiscal, registering a 15.5 per cent progress, trade physique NASSCOM stated on Tuesday.This is the very best progress in over a decade and NASSCOM's president Debjani Ghosh described it as a yr of resurgence, after the certainly one of resilience within the instant aftermath of the pandemic.The IT trade revenues had grown by 2.3 per cent to $194 billion in 2020-21. In its yearly strategic evaluate for 2021-22, NASSCOM stated the trade added 4.5 lakh new jobs to take the general direct workers to 50 lakh folks.Over 44 per cent of the brand new hires have been ladies, and their total share is now 18 lakh. Export revenues grew 17.2 per cent to $178 billion, whereas the home revenues grew 10 per cent to $49 billion, it stated. New age digital providers share grew 25 per cent to $13 billion and India has a robust workforce geared for applied sciences of the long run, Ms Ghosh stated.NASSCOM, which has ceased to offer a progress projection for the long run, stated {that a} chief executives' survey pointed to a different progress yr. Over 70 per cent of these polled stated they are going to be capable to preserve progress in 2023 as nicely.

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