Deloitte Tech Trends India report | News World

Deloitte India’s latest Tech Trends 2024 report reveals that India continues to lead the global technology (tech) sector despite global economic uncertainties. The report estimates FY 2024 revenue of US$254 billion for India’s tech sector (3.8 percent y-o-y growth) and reaffirms its status as a trusted global leader. Industry stakeholders expect India to emerge as a key player in several key domains, including spatial computing, the industrial metaverse, cloud computing, and generative AI (GenAI). These projections are complemented by a strong focus on modernisation, security, and trust.

According to the report, the rising prominence of GCCs, highlighting India’s increasing ability to meet international tech demands, is a key contributor to the country’s growth. With over 1,600 GCCs, the Indian GCC market is on track to exceed US$100 billion by 2030. It is likely to employ more than 4.5 million people across 2,500 GCCs nationwide by 2030. Additionally, the focus on Engineering Research and Development (ER&D) positions India as a global tech hub for innovative solutions, contributing significantly to export revenue.

Deepa Seshadri, Partner and CIO Program Leader, Deloitte, India, said, “India Inc. is on the brink of transformative change, where embracing emerging technologies has helped us take a leap, bringing a spotlight on India’s growth story. The Tech Trends 2024 report highlights India’s remarkable resilience, redefining its position as a frontrunner in swiftly embracing emerging technologies.”

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