In the financial year 2024-25, the number of employees in the tech industry will double to 1.25 lakh new jobs. This was only 60,000 in the previous financial year. This has been revealed in the report of the National Association of Software and Service Companies (NASSCOM). With this growth, about 58 lakh employees will now work in the tech industry. The Indian technology industry can achieve a revenue of $ 300 billion in the financial year 2026.
This development has come at a time when the IT industry is coming out of the pressure due to the slowdown in the markets of the United States and Europe. The IT industry is seeing a change in demand after 1.5 years.
According to the NASSCOM report, the biggest reason for this is the increasing use of Artificial Intelligence (AI). The first name comes from Agentic AI. Agentic AI can make decisions on its own. It can do its work on its own. Due to this, changes will be seen in the business model. Companies will become smarter than before.
The adoption of artificial intelligence is bringing changes in business models. Companies are becoming more efficient. Global Capability Centers (GCC) are playing an important role in technology growth. Through innovation, companies are taking smarter decisions by removing old ways of working.
In the tech industry, the focus is on improving the skills of employees. Companies have started training their employees in AI and digital safety so that they are prepared for the new times.
The Indian government and private companies are jointly focusing on preparing the youth in AI. By focusing on digital safety and new technology, India's tech sector is moving ahead on the journey to achieve the target of $300 billion by 2026.
