According to a new report by NASSCOM, India's IT-technology sector is expected to grow by 6.1% in FY26 to reach $315 billion. Despite global economic uncertainties, the IT sector has shown good progress in the domestic market and exports. Tech companies are now mainly focused on ensuring a fair return on investment and increasing productivity.

Despite concerns about job losses, 1.35 lakh new jobs were created this fiscal year. With this, the total number of employees in the sector has increased to 6 million. In addition, about 2 million IT professionals have been able to provide new training in artificial intelligence (AI). Beyond just experiments, the industry is now shifting towards a new work culture called 'Human + AI', where humans and artificial intelligence work together.

Nasscom expects AI technologies alone to generate $10-12 billion in revenue this year. Engineering Research & Development (ER&D), Business Process Management (BPM), and Global Capability Centers (GCC) are the key drivers of this economic growth. With a majority of global consumers ready to allocate more of their digital budgets for AI, the Indian tech industry will benefit even more in the future.