Indian IT sector to cross $400bn by 2030: Report
NEW DELHI: The Indian IT sector is expected to surpass $400 billion by 2030, as AI transforms how enterprises deliver technology. In the near term, AI-driven efficiencies may put downward pressure on pricing, but the acceleration of AI capabilities is poised to expand both the willingness and capacity of global enterprises to outsource complex workflows, according to a report by Bessemer Venture Partners. The Indian IT sector grew at a compound annual growth rate of 8.1% from FY22 to FY25 to reach $264 billion and is projected to expand further at 8.7% annually from FY25 to FY30, touching $400 billion by FY30. The projection comes amid a structural shift in India’s IT sector, as emerging technologies reshape client priorities and spending patterns. Nithin Kaimal, COO and partner at Bessemer Venture Partners, said new market opportunities will outweigh AI-led price compression and accelerate growth. “In the short term, yes-growth has slowed, and many enterprise clients are using AI as a lever to negotiate lower prices, citing productivity gains. However, we view this as a temporary pause in a longer, decade-scale growth story,” he said.
Kaimal said as AI matures, higher share of complex tasks will be managed through a blend of automation and human expertise, driving a new wave of outsourcing demand. “While some contracts may shrink in size due to automation, overall addressable market will expand as enterprises increasingly outsource higher-value, AI-enabled work.”
