IT industry on the road to becoming $350 bn in revenue terms by 2026

The aspirational target of $350 billion by 2026 also means that the industry will have to maintain growth in the double-digit range of 11-14 per cent

The ambition of turning into a $350-billion industry by 2026 appears to be achievable for the Indian IT sector as it is set to clock a revenue of $227 billion for FY22, according to industry grouping Nasscom.

For FY22, the industry is likely to add $30 billion of incremental revenue, taking the overall growth rate to 15.5 per cent -- the fastest in 11 years. For the IT industry to reach $350 billion by 2026, it will have to maintain growth in the range of 11-14 per cent, Nasscom said.

“Based on the foundation that the industry has built and the foundation