In the financial year 2025, the revenue of the IT industry in India reached 282 billion U.S. dollars. Within the tech industry, the IT services segment had the largest share of revenue at 137 billion dollars during the same year.

The Index of Industrial Production across all Indian industries in the financial year of 2024 was recorded at around ***. This indicated a growth in industrial production and growth across all sectors by around *** percent from the previous year.

India Manufacturing Industries: Number Of Factories data was reported at 249,987.000 Unit in 2022. This records a decrease from the previous number of 250,454.000 Unit for 2021. India Manufacturing Industries: Number Of Factories data is updated yearly, averaging 132,814.000 Unit from Mar 1982 (Median) to 2022, with 41 observations. The data reached an all-time high of 250,454.000 Unit in 2021 and a record low of 93,166.000 Unit in 1983. India Manufacturing Industries: Number Of Factories data remains active status in CEIC and is reported by Ministry of Statistics and Programme Implementation. The data is categorized under India Premium Database’s Mining and Manufacturing Sector – Table IN.BAC001: Manufacturing Industry: NIC 2008: All Industries.

The India Location-Based Services Market report segments the industry into By Component (Hardware, Software, Services), By Location (Indoor, Outdoor), By Application (Mapping and Navigation, Business Intelligence and Analytics, Location-based Advertising, Social Networking and Entertainment, and more), and By End-User (Transportation and Logistics, IT and Telecom, Healthcare, Government, BFSI, Hospitality, and more).

India IT Industry Revenue: USD: Domestic data was reported at 41.000 USD bn in 2019. This stayed constant from the previous number of 41.000 USD bn for 2018. India IT Industry Revenue: USD: Domestic data is updated yearly, averaging 20.380 USD bn from Mar 1997 (Median) to 2019, with 23 observations. The data reached an all-time high of 48.000 USD bn in 2015 and a record low of 2.661 USD bn in 1997. India IT Industry Revenue: USD: Domestic data remains active status in CEIC and is reported by National Association of Software and Service Companies. The data is categorized under Global Database’s India – Table IN.TF007: Information Technology Statistics: National Association of Software and Service Company: IT-BPM: Domestic Revenue.

India Basic Metals: Annual Survey of Industry: Percentage of Total Manufacturing Industry: Employment data was reported at 6.600 % in 2017. This stayed constant from the previous number of 6.600 % for 2016. India Basic Metals: Annual Survey of Industry: Percentage of Total Manufacturing Industry: Employment data is updated yearly, averaging 7.600 % from Mar 2009 (Median) to 2017, with 9 observations. The data reached an all-time high of 8.100 % in 2012 and a record low of 6.600 % in 2017. India Basic Metals: Annual Survey of Industry: Percentage of Total Manufacturing Industry: Employment data remains active status in CEIC and is reported by CEIC Data. The data is categorized under India Premium Database’s Metal and Steel Sector – Table IN.WAG003: Basic Metals: Overview of Annual Survey Industry.

India Data Center Storage Market is Segmented by Storage Technology (Network Attached Storage, Storage Area Network, and More), Storage Type (Traditional Storage, All-Flash Storage, Hybrid Storage), Data Center Type (Colocation, Hyperscale/Self-built, and More), End-User Industry (IT and Telecommunication, and More). The Market Forecasts are Provided in Terms of Value (USD).

Graph and download economic data for Wholesale Prices: Industry Aggregates: Total for India (WPIATT01INM661N) from Jan 1960 to Dec 2022 about wholesale, India, and industry.

The India Data Center Server Market is Segmented by Form Factor (Blade Server, Rack Server, and More), Processor Architecture (x86, ARM, and More), Deployment Model (Hyperscale Cloud, Colocation, and More), End-User Industry (IT and Telecommunications, BFSI, and More), and Geography (North India, South India, and More). Market Forecasts are Provided in Terms of Value (USD).

The India IT Hardware Market Report is Segmented by Product Type (PCs and Workstations, Enterprise Networking Hardware, Enterprise Storage Devices, and More), End-User Industry (Consumer, and Enterprise), Industry (BFSI, Retail, IT and Telecom, and Other End-User Industries), and Geography (North India, East India, West and Central India, and South India). The Market Forecasts are Provided in Terms of Value (USD).

Industry (including construction), value added (current US$) in India was reported at 957235952029 USD in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. India - Industry, value added - actual values, historical data, forecasts and projections were sourced from the World Bank on October of 2025.

The annual growth rate for industrial production in India recovered and registered a growth rate of over **** percent in the financial year 2023. The IIP growth rate is expected to increase to nearly *** percent in 2024.

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India IT And BPO Services Market Size 2025-2029

The India IT and BPO services market size is valued to increase USD 214.8 billion, at a CAGR of 12.3% from 2024 to 2029. Rising cost pressure to maintain in-house IT systems will drive the India it and bpo services market.

Major Market Trends & Insights

By End-user - Finance segment was valued at USD 39.30 billion in 2022
By Type - Export segment accounted for the largest market revenue share in 2022
CAGR : 12.3%

Market Summary

The market continues to evolve, driven by the increasing adoption of core technologies such as cloud computing, artificial intelligence, and automation. These technologies are transforming the way businesses operate, leading to a surge in demand for IT and Business Process Outsourcing (BPO) services. According to recent reports, the Indian IT and BPO industry is expected to reach a market share of 10% in the global IT services market by 2025. Service types, including application development and maintenance, infrastructure services, and BPO, are witnessing significant growth. However, the market faces challenges such as rising cost pressure to maintain in-house IT systems, increased adoption of application outsourcing, and lack of effective communication between clients and companies.
Regulations, including data privacy laws and cybersecurity regulations, are also shaping the market dynamics. Despite these challenges, opportunities abound, with India's large talent pool and competitive labor costs making it an attractive destination for IT and BPO services.

What will be the Size of the India IT And BPO Services Market during the forecast period?

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How is the IT And BPO Services in India Market Segmented and what are the key trends of market segmentation?

The it and bpo services in India industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

End-user

  Finance
  Insurance
  Telecom
  Healthcare
  Others


Type

  Export
  Domestic


Product

  IT services
  BPM
  Software and research and development


Outsourcing Type

  Onshore
  Offshore
  Nearshore
  Onshore
  Offshore
  Nearshore


Deployment

  On premise
  Cloud
  On premise
  Cloud


Geography

  APAC

    India

By End-user Insights

The finance segment is estimated to witness significant growth during the forecast period.

The market continues to expand, particularly in the finance sector. Currently, over 40% of the market's revenue comes from banking and financial institutions. This trend is driven by the increasing number of these institutions, leading to a growing demand for IT services in IT infrastructure management and BPO services for customer support and sales. As a result, 35% of global banking and finance companies outsource their IT and business processes to India. In terms of future growth, the market is expected to witness significant expansion in areas such as IT service management, application development services, and business process outsourcing. IT service management is projected to grow by 18%, driven by the need for efficient service delivery and improved customer experience.

Application development services are expected to expand by 22%, fueled by the increasing adoption of digital transformation initiatives. Business process outsourcing is anticipated to increase by 25%, as more companies seek to reduce costs and focus on their core competencies. Additionally, the market is experiencing growth in areas such as cloud computing services, data analytics platforms, network security systems, and service level agreements. Cloud computing services are expected to grow by 20%, as more companies move their operations to the cloud for scalability and cost savings. Data analytics platforms are projected to expand by 21%, as businesses look to gain insights from their data to make informed decisions.

Network security systems are anticipated to increase by 19%, as companies prioritize cybersecurity in the face of increasing threats. Furthermore, the market is witnessing growth in areas such as help desk support, disaster recovery planning, customer relationship management, cybersecurity protocols, virtual desktop infrastructure, and IT governance frameworks. Help desk support is expected to grow by 17%, as companies look to improve their customer service metrics. Disaster recovery planning is projected to expand by 16%, as businesses prioritize business continuity management. Customer relationship management is anticipated to increase by 15%, as companies seek to improve customer engagement and loyalty. Cybersecurity protocols are expected to grow by 14%, as businesses prioritize data security.

Virtual desktop infrastructure

India Integrated Facility Management Market Report is Segmented by Type (Hard FM and HVAC, Soft FM), by End-User (Commercial, Retail, and Restaurants, Manufacturing and Industrial, Government, Infrastructure & Public Entities, Institutional, and Other End Users), by Region (North, West, South, and East). The Report Offers Market Forecasts and Size in Value (USD) for all the Above Segments.

The India industrial gaskets market was valued at USD 921.40 Million in 2024. The market is expected to grow at a CAGR of 5.90% during the forecast period of 2025-2034 to reach a value of USD 1634.59 Million by 2034. This expansion is supported by a surge in domestic oil and gas projects, new chemical processing units, and increasing capacity additions in thermal and nuclear power sectors.

The Indian Oil Corporation started expansion programs at Panipat and Paradip refineries, both of which need advanced gasket solutions. Increased Indian machinery and component exports have also encouraged manufacturers to follow international sealing standards, leading to increased premium gasket demand. Industrial development corridors such as the Delhi-Mumbai Industrial Corridor (DMIC) are also supporting consistent demand across end-use industries.

The India industrial gaskets market development is vigorous due to fast industrialization, growing energy and chemical industries, and increased emphasis on equipment safety and leak prevention. Industrial gaskets are crucial for closing joints to avoid leakages of fluids and gases and hence are indispensable in high-pressure applications in power generation, oil refineries, and chemical processing plants.

India's burgeoning refinery capacity and petrochemical investment are major growth drivers. India has a vision to increase its refining capacity to 450 MTPA by the year 2030, according to the Ministry of Petroleum and Natural Gas. This upscaling creates direct demand for high-performance gaskets to support ultra-high temperature and pressure ratings. Likewise, the 'Make in India' vision and PLI schemes for the heavy engineering and manufacturing industries are fueling demand for specialist gasket solutions.

The increasing focus on sustainability and emissions control across industries has also driven the India industrial gaskets industry value attributable to the demand for high integrity seal solutions. Industry players are launching new materials, such as graphite, PTFE, and metal composites, to address the changing technical and environmental requirements. The market is also strategically poised for consistent expansion, supported by infrastructure investments, strict industrial regulation, and local manufacturing momentum.

India Textile: Annual Survey of Industry: Percentage of Total Manufacturing Industry: Number of Factories data was reported at 7.500 % in 2017. This records a decrease from the previous number of 7.600 % for 2016. India Textile: Annual Survey of Industry: Percentage of Total Manufacturing Industry: Number of Factories data is updated yearly, averaging 8.300 % from Mar 2009 (Median) to 2017, with 9 observations. The data reached an all-time high of 8.800 % in 2011 and a record low of 7.500 % in 2017. India Textile: Annual Survey of Industry: Percentage of Total Manufacturing Industry: Number of Factories data remains active status in CEIC and is reported by CEIC Data. The data is categorized under India Premium Database’s Textile Sector – Table IN.RSJ001: Textile: Overview of Annual Survey Industry.

The India IT services market size reached USD 39.83 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 75.03 Billion by 2033, exhibiting a growth rate (CAGR) of 7.30% during 2025-2033. The market is driven by digital transformation, cloud adoption, AI and automation, rising cybersecurity needs, and a growing startup ecosystem. Increasing outsourcing demand, government initiatives like Digital India, 5G expansion, and skilled workforce availability further fuel the India IT services market share, attracting global investments and innovation.

The India Industrial Process Automation Market is valued at USD 2.36billion in 2024 and is projected to reach USD 4.07billion by 2030, with a CAGR of 9.50%

India IN: GDP: USD: Gross Value Added at Basic Price: Industry (including Construction) data was reported at 892.981 USD bn in 2024. This records an increase from the previous number of 847.894 USD bn for 2023. India IN: GDP: USD: Gross Value Added at Basic Price: Industry (including Construction) data is updated yearly, averaging 80.393 USD bn from Mar 1961 (Median) to 2024, with 64 observations. The data reached an all-time high of 892.981 USD bn in 2024 and a record low of 7.715 USD bn in 1961. India IN: GDP: USD: Gross Value Added at Basic Price: Industry (including Construction) data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s India – Table IN.World Bank.WDI: Gross Domestic Product: Nominal. Industry (including construction) corresponds to ISIC divisions 05-43 and includes manufacturing (ISIC divisions 10-33). It comprises value added in mining, manufacturing (also reported as a separate subgroup), construction, electricity, water, and gas. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 4. Data are in current U.S. dollars.;World Bank national accounts data, and OECD National Accounts data files.;Gap-filled total;Note: Data for OECD countries are based on ISIC, revision 4.

In financial year 2023, software services accounted for a share of 49 percent of total services exported from India. The business services followed with 23 percent share in services exported.