IT industry accounted for 8% of India’s GDP in 2020. Exports from the Indian IT industry are expected to increase by 1.9% to reach USD 150 billion in FY21. In 2020, the IT industry recorded 138,000 new hires. According to Software Technology Park of India, the software exports by its registered units increased by 7% YoY to reach INR 5 lakh crore (USD 67.40 billion) in FY21 from INR 4.66 lakh crore (USD 62.82 billion) in FY20, driven by rapid digitization and the IT industry’s timely transition to remote working environments that helped to keep up the industry’s growth amid coronavirus pandemic. Indian software product industry is expected to reach USD 100 billion by 2025. Indian IT’s core competencies and strengths have attracted significant investment from major countries. The computer software and hardware sector in India attracted cumulative foreign direct investment inflows worth USD 71.05 billion in FY20-21. Get enrolled in the top BCA course in Sikkim to give your career a sharp edge.