India is rapidly emerging as a preferred partner in the global technology ecosystem, driven by its expanding digital economy, vast talent pool, and thriving startup ecosystem, according to Mr. Rajesh Nambiar, President of the National Association of Software and Service Companies (NASSCOM). Speaking at Global Confluence 2025, Mr. Nambiar highlighted that India’s information technology (IT) sector is projected to close FY25 with a valuation of Rs. 24,43,988 crore (US$ 283 billion) and surpass Rs. 25,90,800 crore (US$ 300 billion) by FY26.

Mr. Nambiar emphasised that India’s digital economy is expected to contribute over Rs. 86,36,000 crore (US$ 1 trillion) to the Gross Domestic Product (GDP) by 2030, positioning the country as a global technology powerhouse. With its dynamic innovation ecosystem, expanding digital infrastructure, and a skilled workforce, India is shaping the future of global technology advancements.

India’s Growing Digital Economy and IT Sector

India’s digital economy is witnessing exponential growth, fueled by government initiatives, foreign investments, and increased digital adoption across sectors. The IT industry, which recorded a valuation of Rs. 24.43 lakh crore (US$ 283 billion) in FY25, is expected to cross Rs. 25.90 lakh crore (US$ 300 billion) by FY26, reaffirming India’s dominance in the global technology sector.

As India’s digital services sector continues to grow, it is contributing significantly to employment, innovation, and economic growth. By 2030, India’s digital economy is projected to contribute over US$ 1 trillion to the GDP, underscoring its potential to transform the nation into a global technology hub.

India’s Talent Pool: A Global Competitive Edge

India accounts for 28% of the global Science, Technology, Engineering, and Mathematics (STEM) talent pool and 23% of the world’s software engineering professionals, making it a preferred destination for technology investments and innovation. India’s workforce of 5.8 million professionals is driving technological transformation across sectors, making the country a leader in artificial intelligence (AI), data analytics, and quantum computing.

Mr. Nambiar noted that India’s talent pool and innovation ecosystem are key enablers of its global leadership in technology services and solutions. As global technology giants continue to invest in India, the country is poised to maintain its competitive advantage in the technology landscape.

Rise of Deep-Tech Startups and Innovation Ecosystem

India’s startup ecosystem has flourished over the past decade, with 34,000 technology startups, including 3,600 deep-tech startups driving innovation in AI, blockchain, quantum computing, and cybersecurity. These startups are contributing to India’s digital transformation by developing cutting-edge solutions that address global challenges and enhance business efficiencies.

India’s deep-tech startups are playing a critical role in advancing AI, IoT, and machine learning technologies, positioning the country as a global innovation hub. With a thriving entrepreneurial ecosystem and increasing foreign investments, India’s startups are driving technological disruption across sectors.

Growth of Global Capability Centres (GCCs) in India

India’s position as a technology and innovation hub is further strengthened by the rapid growth of Global Capability Centres (GCCs), which are leveraging India’s skilled workforce, cost advantages, and technological expertise. As more multinational companies establish their GCCs in India, the country is becoming a critical enabler of global digital transformation.

GCCs in India are contributing significantly to the development of next-generation technologies, enhancing India’s role as a preferred partner for global businesses. Mr. Nambiar highlighted that GCCs are expanding their operations in India, focusing on innovation, research, and product development, further reinforcing India’s tech leadership.

India’s Digital Infrastructure and Policy Support

India’s robust digital infrastructure and policy framework have been instrumental in creating an enabling environment for technology-led growth. Government initiatives such as Digital India, Startup India, and Make in India have provided the necessary support to startups, MSMEs, and technology companies, allowing them to scale and innovate.

With continued policy support and infrastructure investments, India is well-positioned to attract global technology investments and strengthen its role as a preferred global technology partner. The government’s focus on building a digital economy and fostering innovation-driven growth is driving India’s transition to a knowledge-based economy.

India’s Role in Shaping Global Technology Advancements

Mr. Nambiar emphasised that India’s ability to attract foreign investment and foster a thriving startup ecosystem positions it as a critical partner in shaping the future of the global technology industry. As India continues to strengthen its technology capabilities and expand its digital infrastructure, it is expected to play a leading role in driving global technology advancements.

Strategic Partnerships and Foreign Investments

India’s growing stature in the global technology landscape is attracting foreign investments from leading technology giants and venture capitalists. Strategic partnerships between Indian companies and global corporations are driving technology transfer, knowledge exchange, and innovation, contributing to India’s digital transformation.

India’s Path to US$ 1 Trillion Digital Economy by 2030

With digital adoption accelerating across sectors, India is on track to achieve its target of US$ 1 trillion in digital GDP by 2030. The growth of digital services, increasing internet penetration, and rising demand for digital solutions are fueling India’s digital economy, positioning the country as a global leader in technology-driven growth.

Future Outlook: India as a Global Tech Powerhouse

India’s emergence as a preferred partner in the global technology ecosystem is a testament to its talent, innovation, and policy support. With a thriving startup ecosystem, expanding digital infrastructure, and rising foreign investments, India is set to become a global technology powerhouse by 2030.

Conclusion

India’s IT sector, deep-tech startups, and growing GCC ecosystem are driving the country’s digital transformation and strengthening its position as a preferred partner in the global technology landscape. With US$ 1 trillion in digital GDP expected by 2030 and the IT sector crossing Rs. 25.90 lakh crore (US$ 300 billion) in FY26, India’s global influence in the technology ecosystem will continue to rise. As global businesses look to India for innovation, talent, and technological solutions, the country’s role as a global technology leader is set to become even more prominent in the years ahead

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