The IT and BPM sectors in India are significant contributors to the country’s GDP and public welfare. In 2022, the IT industry accounted for 7.4% of India’s GDP and is expected to contribute 10% to India’s GDP by 2025.
Here are some other facts about the IT sector in India:
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- As of March 2023, the IT-BPM sector employs 5.4 million people.
- In 2022, Indian IT revenues grew to $227 billion, the fastest growth in a decade.
- The IT sector is estimated to have seen a 40-45% increase in jobs in 2023 compared to 2022.
- Hiring is expected to increase by 15-20% in 2024.
- The IT services market is projected to reach US$26.45 billion in 2024.
- The IT consulting and implementation market is projected to grow by 10.44% from 2024-2028, resulting in a market volume of US$1.80 billion in 2028.
- Gartner projects that spending on software and IT services in India will grow 14.6% in 2024.
List of Top 15 IT Services & Consulting Companies in India (BSE) based on Net Profit
| Company Name | Net Profit (Rs. cr) |
| TCS | 39,106.00 |
| Infosys | 23,268.00 |
| HCL Tech | 11,459.00 |
| Wipro | 9,176.70 |
| LTIMindtree | 4,256.30 |
| Tech Mahindra | 3,777.50 |
| Oracle Fin Serv | 1,772.51 |
| MphasiS | 1,413.87 |
| Persistent | 791.13 |
| COFORGE LTD. | 732.5 |
| Cyient | 354.8 |
| Zensar Tech | 308.4 |
| KPIT Tech | 280.16 |
| Sonata | 220.37 |
| Happiest Minds | 216.38 |
Source: BSE, India, last updated 15 February, 2024
This news is a creative derivative product from articles published in famous peer-reviewed journals and Govt reports:
References:
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3. Mora, M., Reyes-Delgado, P.Y., Gómez, J.M. and Wang, F., 2024. Exploring the impacts of IT service management on the business agility index: an AHP simulation-based decision-making approach. Information Systems and e-Business Management, pp.1-67.
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