As per NASSCOM’s annual strategic review report, the tech industry is set to double its workforce expansion, by adding 1.25 lakh new jobs in the financial year 2024-25, up from 60 thousand is the previous fiscal year. The report was out on February 24, 2025.
With the rise, the total employment in the sector has reached to around 58 lakh.
The changes comes as the IT industry experiences a revival in demand after one and a half year of challenges caused by the macroeconomic slowdown in key markets like Europe and US.
Initially, the tech region was likely to hire 54.30 lakh people in Financial Year 24, but the updated number is now stands at 56.74 lakh.
Tech industry in India is likely to generate 300 billion dollar in revenue by the end of Financial Year 26. For the FY25, National Association of Software and Service Companies forecasts a 5.1 percent rise in the sector, bringing total industry revenue to more than 282.6 billion dollar.
As quoted by Money control, Wipro’s Chief Operating Officer Sanjeev Jain mentioned, “At Wipro, we’re aligning with Nasscom’s call to prioritise growth fuelled by Al, Cloud, cybersecurity and emerging technologies for our industry to hit the $300 billion milestone in FY26 while navigating a dynamic and challenging landscape.”
