Statsguru: Six charts show India's technology sector on firm ground

India's IT companies have done well since Covid began

Information technology, or the technology sector, has been a highlight of the Covid times, being one of the few areas that remained resilient under the shadow of an unprecedented crisis. It has delivered growth, given strong returns, and retained jobs, strongly supporting private consumption. A recent report by Nasscom underlined a few points that showcase the sector’s firm footing. 

Revenue of India’s tech industry is set to grow sharply in 2021-22 (FY22), from $197 billion to $227 billion, exhibiting a growth that is fastest in at least the last five years. Most of it comes from exports (chart 1). India’s