Technology is reshaping economies worldwide, and India is ideally positioned to play a leading role, according to Rajesh Nambiar, President of Nasscom. Speaking at the IT industry body’s Global Confluence 2025, Nambiar highlighted India’s growing importance in the global technological ecosystem.
“Today, the world is at a bit of an inflection point,” Nambiar stated, emphasizing technology’s increasing influence on economic models. He noted the rising demand for high-quality talent in response to the challenges and opportunities presented by this global technological shift.
A country like India continues to be a partner of choice for the global technological ecosystem.
Nambiar pointed out that virtually every industry and nation relies heavily on technology for growth. India’s competitive advantages include its substantial technology talent pool and thriving startup ecosystem. The IT industry is projected to reach a valuation of approximately $283 billion by the end of FY25, with expectations to exceed $300 billion the following year. The digital economy’s contribution to India’s GDP is anticipated to surpass $1 trillion by 2030.
India boasts a significant talent pool, with approximately 5.8 million people employed in the IT sector currently, a number that continues to grow. “We are 28 per cent of the global STEM talent market worldwide. 23 per cent of the software engineering talent is housed in India,” Nambiar added.
India’s robust startup and innovation ecosystem further solidifies its position in the global tech sphere. With more than 34,000 technology startups and 3,600 deep tech startups, the nation benefits from strong fundamentals and well-established technologies such as AI and quantum computing. “The third one is around the very strong digital infrastructure. It is a critical component of what the digital economy depends on and how the economy grows over a period of time,” he explained. The rapid expansion of Global Capability Centers (GCCs) also contributes positively to India’s tech landscape.
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