India

Indian IT set clock high single-digit growth in FY26 despite AI threat

February 24, 2026

India's IT services sector is projected to grow by 6.1% year-on-year, reaching $315 billion in revenue for FY26, according to Nasscom. This growth is expected to be fueled by AI-driven services and the operations of global capability centers, despite facing challenges from tepid demand and AI disruptions.

The Indian IT industry is expected to add 135,000 jobs on a net basis, taking the total headcount to 5.95 million in FY26, Nasscom says

Credit: Hindustantimes

Key Highlights

Nasscom forecasts a 6.1% growth in India's IT sector for FY26.
Revenue is expected to reach $315 billion in FY26.
The previous fiscal year's revenue was revised to $297 billion from $283 billion.
Growth will be driven by AI-led services and global capability centers.
Recent market conditions led to a $44 billion drop in market capitalization for Indian IT stocks.

Business

Sources

This quick summary is automatically generated using AI based on reports from multiple news sources. The content has not been reviewed or verified by humans. For complete details, accuracy, and context, please refer to the original published articles.

Indian IT set clock high single-digit growth in FY26 despite AI threat

Key Highlights

Sources

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