Indian tech services can touch revenues of $300-350 bn in next 5 years

According to a report by McKinsey & Company for Nasscom titled 'Future of Technology Services-Winning in this decade', tech spending is only going to be intensified in the next decade

In 2015, the National Association of Software and Services Companies (Nasscom) and McKinsey had predicted that the Indian technology services industry could well be a $300-350 billion industry, that target seemed to be under serious evaluation as Covid-19 struck and the industry struggled for growth.

But as industries across the world witnessed a rapid acceleration in digitization, technology-driven companies are now leading the path to a faster recovery globally, with Indian IT players back to grabbing large deals. 

According to a report by McKinsey & Company for Nasscom titled ‘Future of Technology Services-Winning in this decade’, tech spending is only