India’s Tech Sector to Drive US$ 7 Trillion Economy by 2030

Sandip Raj Gupta

04/Apr/2025

Tech sector to contribute US$ 1 trillion to India’s US$ 7 trillion economy by 2030.
Deep tech innovation to drive healthcare, finance, and global tech leadership.
Strengthening R&D, global patents, and funding crucial for long-term success.

Technology as the Cornerstone of India’s US$ 7 Trillion Economy Vision

India's technology sector is poised to play a pivotal role in achieving the country’s US$ 7 trillion economy goal by 2030, contributing nearly US$ 1 trillion to GDP. According to NASSCOM President Rajesh Nambiar, deep tech innovation, AI, and digital transformation will be at the heart of this growth.

India’s Rapid Rise in Tech & Innovation

Third-largest startup ecosystem globally, with 35,000+ startups.
Second-highest unicorn count in the world, with a surge in tech IPOs.
Technology sector contributed US$ 283 billion (7.3% of GDP) in 2024.

Challenges & Opportunities Ahead

To sustain this momentum, India must:

Enhance deep tech R&D and improve global patent filings.
Refine valuation models for deep tech startups.
Foster stronger academia-industry-government collaboration.
Expand funding avenues to support innovation.

India’s Shift from Tech User to Global Tech Leader

Mr. Nambiar emphasized the need for India to own intellectual property, shape global standards, and lead in deep tech innovations. Events like Startup Maha Kumbh 2025, featuring global participation from 50+ countries, will further drive investment and innovation.

By focusing on AI, automation, and digital transformation, India is set to become a global technology powerhouse, accelerating its journey toward a US$ 7 trillion economy by 2030.

The Upcoming IPOs in this week and coming weeks are Aten Papers & Foam.

The Closed IPOs are Infonative Solutions Limited, Spinaroo Commercial Limited,Retaggio Industries Limited.

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