How big this market is, as its publishers state it
as of Sep 30, 2026 · 15 figures carried2 publishers carried, 2020–2026, 2 with a published outlook, the furthest to 2026. Figures are the publishers' own, shown side by side and never averaged.
Last read Sep 30, 2026: wrote 1 figure and 1 stated rate, refused 3 already stored.
Forge measures none of this. A statistical body publishes the history and its own outlook; Forge copies the figures with the sentence each came from and refreshes once a year, when the publishers do. A growing market says you are not building into a headwind — it says nothing about whether this application has customers.
Where its publishers say it is going
- $315.0 bnby 2026 · NASSCOM’s outlook, published 20266.1 % a year from $297.0 bn in 2025, implied by its own two figures
NASSCOM: projects to 2026 from 2025, its last observed year — 6.1 % a year implied by its own two figures; NASSCOM itself states 6.1 % a year over 2025–2026.
In NASSCOM’s words, 2025–2026 (published 2026): India's tech industry sustained strong momentum, with estimated revenue of $315 billion in FY26, a 6.1% increase source
- Ministry of Electronics and Information Technology· outlook dashed
- NASSCOM· outlook dashed
Ministry of Electronics and Information Technology: no history carried.
| Year | Figure | Kind | Published | In the publisher’s words |
|---|---|---|---|---|
| 2025 | $283.0 bn | Ministry of Electronics and Information Technology’s outlook | 2025 | Financial Year Total Revenue (USD Billion)* Export Revenue (USD Billion)* FY 2014-15 118 100 FY 2024-25(E) 283 224 *Figures from NASSCOMAs the read noted: MeitY's Lok Sabha statement (via PIB) was released 26 March 2025, before FY2024-25 ended (31 March 2025), and itself labels the figure '(E)' estimated — hence treated as a projection, not history, per the kind rule. source |
NASSCOM: grew 9.2 % a year, 2020–2025, by its own figures.
| Year | Figure | Kind | Published | In the publisher’s words |
|---|---|---|---|---|
| 2020 | $191.0 bn | history | 2020 | The industry size grew to USD 191 bn in FY20, with 77% generated from exports.As the read noted: Figure is CARE Ratings citing NASSCOM's own FY20 number; NASSCOM's own press release stated USD 192 billion on a constant-currency growth basis (8.4%) - see business-standard citation of the same NASSCOM release. source |
| 2021 | $194.0 bn | history | 2021 | During 2020-21, according to NASSCOM's provisional estimates, IT-BPM revenues (excluding e-commerce) reached $ 194 billion, growing by 2.26% YoY, adding 1.38 lakh employees.As the read noted: Sourced from a PIB press release quoting the Economic Survey citing NASSCOM's provisional FY21 estimate; NASSCOM's own Strategic Review 2021 states the same $194 billion figure. source |
| 2022 | $227.0 bn | history | 2023 (+1 earlier) | Total revenue of IT - ITeS industry is expected to touch $245 billion in FY23 as compared to $227 billion in FY22 despite the global headwinds.As the read noted: This PDF cites NASSCOM figures; original NASSCOM Strategic Review 2023 page not directly accessed. source |
| 2023 | $245.0 bn | history | 2023 | In FY2023, India's technology industry revenue including hardware is estimated to cross $245 Bn (8.4% y-o-y growth), an addition of $19 Bn over last year. source |
| 2024 | $268.8 bn | history | 2025 (+1 earlier) | Based on the analysis, the industry revenues for FY2024 with revenues of $268.8 billion and 5.67 million employees.As the read noted: Restated FY2024 figure reflecting GCC landscape re-evaluation, released with the Strategic Review 2025. source |
| 2025 | $297.0 bn | history | 2026 | Nasscom's Annual Strategic Review 2026 places FY26 industry revenue at $315 billion, up 6.1% from the revised FY25 figure of $297 billion (Nasscom revised FY25 from an earlier $282.6 billion).As the read noted: This is a secondary article reporting NASSCOM's revised FY25 actual figure released alongside the Strategic Review 2026; the underlying NASSCOM source page did not yield this specific revised number in quotable form. source |
| 2026 | $315.0 bn | NASSCOM’s outlook | 2026 (+1 earlier) | By FY26, India's tech sector is expected to cross the $315 bn mark, shifting from scale-led growth to value and innovation. source |
IT services elsewhere
The same industry as other publishers state it for their own place. Each figure is its publisher’s frame; none is compared with another.
Other markets in Asia-Pacific
What else the yearly read measures in this region.
- Software and ITChinaCN$889.4 bn2029, an outlook · IDC · +2 more, never averagedNo outlook published by IDCas of Sep 30, 2026
- Software and ITJapanJPJPY 28.11 tn2026, an outlook · IDCJPY 33.32 tn by 2029 · 5.8 % a year · IDC’s outlookas of Sep 30, 2026
- IT spendingAsia-Pacific$1.30 tn2023 · IDC$758.0 bn by 2029 · -8.6 % a year · IDC’s outlookas of Sep 5, 2026