This is an archive article published on February 15, 2022
Indian IT revenues grow fastest in a decade to $227 billion in pandemic-hit FY22
In its yearly strategic review for FY22, Nasscom said the industry added 4.5 lakh new jobs to take the overall direct employees to 50 lakh people. Over 44 per cent of the new hires were women, and their overall share is now 18 lakh.
The service sector accounts for nearly 60 per cent of the Maharashtra's economy. India’s information technology sector is set to become a USD 227 billion industry in FY’22, registering a 15.5 per cent growth, industry body Nasscom said on Tuesday.
The 15.5 per cent growth is the highest in over a decade and Nasscom’s president Debjani Ghosh termed it as a year of resurgence, after the one of resilience in the immediate aftermath of the pandemic. The industry revenues had grown by 2.3 per cent to USD 194 billion in FY21.
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In its yearly strategic review for FY22, Nasscom said the industry added 4.5 lakh new jobs to take the overall direct employees to 50 lakh people. Over 44 per cent of the new hires were women, and their overall share is now 18 lakh.
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