IT & BPM September 2021 For updated information, please visit ibef  Table of Contents Executive Summary 3 Advantage India 4 Market Overview 6 Recent Trends and Strategies Growth Drivers and Opportunities Key Industry Contacts Appendix 14 19 29 31 2  Executive summary 5. Accelerating demand for cloud and digital transformation 1. Large contribution to the Indian economy ? The IT industry accounted for 8% of India’s GDP in 2020. 5 ? This push towards cloud services has 1 ? India’s IT industry is expected to contribute 10% to India’s GDP by 2025. boosted hyper-scale data centre investments, with global investments estimated to exceed ~US$ 200 billion annually by 2025. India is expected to gain a significant share in the global market, with the country's investment expected to hit ~US$ 5 billion annually by 2025. ? As of FY20, the IT industry employed 4.3 million people. 2. Strong growth opportunities 2 4 4. Most lucrative sector for investments ? According to National Association of Software and Service Companies 3 ? The computer software and hardware (Nasscom), the Indian IT industry’s revenue is estimated to reach US$ 194 billion in FY21, an increase of 2.3% YoY. sector in India attracted cumulative foreign direct investment (FDI) inflows worth US$ 74.12 billion between April 2000 and June 2021. The sector 。。。以下略