Page 2 - Nasscom

Tech sector at inflection point, workforce rationalisation likely: Nasscom

With country's largest IT services firm TCS laying off over 12,000 employees, industry body Nasscom on Monday said some "transitions" and "workforce rationalisation" are expected in near term as organisations shift toward product-aligned delivery models in response to increasing client demands for agility, innovation, and speed. Tata Consultancy Services (TCS) has said it will lay off more than 12,000 employees, or 2 per cent of its global workforce, this year, as part of a broader strategy to become a "future-ready organisation". The impact will be felt most in the middle and senior grades. Without directly mentioning TCS, Nasscom, in a statement titled "workforce realignment and industry transformation", highlighted that the tech industry is currently at an inflection point, with AI and automation becoming central to business operations. "Over the next several months, we anticipate some transitions as organisations pivot toward product-aligned delivery models, driven by rising ...

Nasscom predicts workforce rationalisation as IT industry transitions

Nasscom expects workforce rationalisation as IT services transition to a product-aligned delivery model, driven by AI and automation. TCS's recent layoffs signal changes in the sector

Nasscom launches US CEO Forum to boost India-US tech collaboration

Industry body Nasscom has launched a special forum to deepen IndiaUS technology collaboration and provide a platform to reinforce the bilateral tech corridor as a foundation for global digital transformation and inclusive economic growth. The Nasscom US CEO Forum was launched at the Consulate General of India in New York last week. Cognizant CEO Ravi Kumar has been named Chair of the Forum, while Amit Chadha, CEO and Managing Director of L&T Technology Services, will serve as Co-Chair. Conceived as a premier leadership platform, the Nasscom US CEO Forum aims to advance the technology and innovation partnership between India and the United States, one of the world's most forward-looking bilateral relationships, the industry body said in a statement. The forum will bring together leading Indian tech CEOs and key US stakeholders to drive strategic dialogue across innovation, enterprise, policy, and talent development. A major milestone for the IndiaUS tech corridor! the Indian ...

Global capability centres not packing bags just yet for small-town India

Patchy infra and thin talent pool stall plans to shift beyond metros

Nasscom to launch US CEO Forum in New York to boost India-US tech ties

Industry body Nasscom on Friday said it is launching the US CEO Forum in New York that would bring together leading Indian technology CEOs and influential US stakeholders to drive strategic dialogue across innovation, enterprise, policy, and talent development. In an era defined by digital disruption, frontier technologies, and global rebalancing, tech collaboration has emerged as a central pillar of bilateral engagement, spanning artificial intelligence, cybersecurity, quantum computing, digital public infrastructure, green energy, and resilient supply chains, the apex association for the IT industry said. The United States and India share one of the world's most strategic and future-facing technology partnerships, it further emphasised. "To further deepen this collaboration, Nasscom is launching the US CEO Forum at the Consulate General of India in New York on July 9, 2025. The Forum will bring together leading Indian technology CEOs and influential US stakeholders to drive ...

Nasscom aims to turn India into a product nation: Sindhu Gangadharan

Tariffs are not impacting our industry directly in the sense that they impact goods and services, says Gangadharan

India-UK FTA: Double contribution convention pact to help Indian IT firms

IT industry body Nasscom said securing the DCC within the India-UK FTA is a crucial step and a big win for the Indian IT industry

Over 86,000 AI patents filed in India between 2010 and 2025: Nasscom

Nasscom on the eve of 'World Intellectual Property (IP) Day' released the 8th edition of its annual Patenting Trends in India report

Tech sector crucial for India's $7 trn economy goal by 2030: Nasscom Prez

As India looks to become a USD 7-trillion economy by 2030, the tech sector is poised to play a pivotal role by contributing about USD 1 trillion to the GDP, driving innovation that solves both domestic and global problems, nasscom's Rajesh Nambiar has said. The IT industry body President emphasised the critical role of technology in shaping India's future and noted that achieving this goal will require the tech sector to lead in innovation, particularly through deep tech, which will be instrumental in transforming various sectors such as healthcare and financial services. India's vision of becoming a Viksit Bharat by 2047 will be shaped not just by economic growth, but by the depth and the impact of technological innovations, he said during the inauguration of Startup Mahakumbh. "To achieve the ambition of becoming a USD 7 trillion economy for India, I think the tech sector alone will have to contribute roughly about a trillion dollars in terms of GDP, and this will have to drive ..

Chhattisgarh govt signs MoU with Nasscom to boost skill development

CM Sai said with a stronger focus on the skill-development sector, the state was working to align its workforce with industry needs.

Snowflake collaborates with Nasscom to equip 100,000 learners in India

Through this collaboration, Snowflake and Nasscom are addressing the critical skills gap by providing access to training and resources

Snowflake, Nasscom to train 100,000 Indians in data, AI over two years

Artificial Intelligence (AI) data cloud company Snowflake on Friday announced a collaboration with FutureSkills Prime, a digital skilling initiative by Nasscom and the Ministry of Electronics and Information Technology (MeitY), to drive data and AI skills. With this, Snowflake and Nasscom expect to enrol over one lakh professional and student learners onto Snowflake's free, on-demand, entry-level data and AI skills courses over the next two years. This initiative is supported by Snowflake's global program 'One Million Minds + One Platform' aimed towards global AI upskilling. As per Nasscom, India leads in the AI skills penetration and holds first and fifth ranks globally in AI talent concentration and AI scientific publications, respectively. The current gap, however, between demand and supply is about 51 per cent, and, by 2026, the estimated demand for professionals in India is expected to exceed one million. "As companies across industries increasingly rely on data to drive AI,

Services sector should aim to exceed merchandise exports next fiscal: Goyal

India's services exports are registering healthy growth rates and the sector should aspire to reach USD 450 billion in exports, overtaking merchandise shipments, in the next financial year, Commerce and Industry Minister Piyush Goyal said on Thursday. The goods trade is facing headwinds in the current global situation, he added. The services sector should be targeting USD 450 billion in exports in 2025-26 and about USD 385-390 billion this fiscal, he said here while addressing the Inaugural Session of Nasscom Global Confluence 2025. "You should overtake merchandise exports next year," Goyal said, adding that "as I see the figures coming in, and the growth has been scorching in the services side". In 2023-24, the services exports stood at USD 341 billion, an increase of 4.85 per cent over the previous year. In April-February 2024-25, the services exports increased 14.1 per cent to USD 354.9 billion. On the other hand, goods exports contracted 3.1 per cent year-on-year to USD 437 .

India preferred partner in global tech ecosystem: Nasscom prez Nambiar

Technology is shaping economies more profoundly than ever before, Nasscom President Rajesh Nambiar said on Thursday as he outlined India's strengths as a global talent hub which positions it as a preferred partner in the global technological ecosystem. Nambiar was speaking at the IT industry body's Global Confluence 2025 here. "Today, the world is in a bit of an inflection point than ever before. Some of the technologies are actually playing a lot more influence on the economic models that we are seeing in the country," he said. Nambiar noted that the world is experiencing a global technological shift, which has created a rising demand for a high-quality talent base to meet the challenges and opportunities of this new landscape. There is no industry or country that is growing without technology playing a leading role. All of them have always been driven by technology to some extent, he said. "A country like India continues to be a partner of choice for the global technological ...

India's 'AI for All' mantra backed by concrete action: MoS Jitin Prasada

India's 'AI for All' mantra is backed by concrete action with the country leading in AI skill penetration and talent concentration, Union Minister Jitin Prasada said on Thursday as he urged industry leaders to prioritise research and development (R&D) to capitalise on India's position as a global skill capital. Prasada, Union Minister of State for Ministry of Commerce & Industry and Ministry of Electronics & Information Technology, was delivering a keynote address at the Nasscom Global Confluence 2025 here. "Our mantra 'AI for All' is backed by concrete action. India is number one in the world in AI skill penetration -- the AI skill index even outstrips the US and Germany. "It's just not about numbers, it's about impact. As nations across the globe embrace digitalisation to modernise traditional sectors and fuel economic growth, India stands ready to be a strategic technology partner," the minister asserted. Stressing that India is open for business and ready to lead, ...

Nasscom, other bodies oppose DPDP Rules on cross-border data transfer ban

In the draft of the DPDP Rules, released in January this year, the ministry of electronics and information technology had proposed certain additional obligations on significant data fiduciaries

Indian IT sector may see low single-digit growth in FY25: Nasscom

Revenue likely to cross $300 bn in FY26, says Nasscom; 126,000 jobs added in FY25

US market a 'wild card' for Indian IT: Nasscom president Rajesh Nambiar

United States, the largest market for the USD 282 billion Indian IT sector, is a "wild card" for the industry, lobby grouping Nasssom's president Rajesh Nambiar said on Monday. Speaking to reporters Nambiar said the tariff threats by the US may turn out to be the biggest headwind for the sector. "Broadly, if you were to look at the headwinds, the biggest unknown there would be the tariffs and the impact of what happens in the US market," Nambiar said. He was quick to add that one should not forget that the US contributes 60-62 per cent of the revenues for the sector. "It is a bit of a wild card at this point of time. We do not know what is going to be in store," Nambiar said. It can be noted that since assuming office on January 20, President Donald Trump has threatened to impose reciprocal tariffs with the intent of strengthening the American economy. Speaking at Nasscom's annual NTLF event earlier in the day, the country's second largest IT services exporter Infosys' chief exec

India's tech sector FY25 revenue to grow 5.1% to $282.6 billion: Nasscom

IT industry body Nasscom on Monday pegged the FY25 revenues for the sector to grow 5.1 per cent to USD 282.6 billion. The industry is likely to cross USD 300 billion in revenues in FY26, which is about 6 per cent higher than the FY25 level, its President Rajesh Nambiar said at the Nasscom Technology Leadership Forum here. "This is a good outcome broadly given everything happening around us," Nambiar told reporters, commenting on the business outcomes in FY25. Number of people employed by the tech sector grew by 1.26 lakh to 58 lakh people during the year, Nasscom projections said. The traditional IT services companies' FY25 revenues are set to grow 4.3 per cent to USD 137.1 billion, while the business process outsourcing revenues are set to rise 4.7 per cent to USD 54.6 billion. At 7 per cent, revenue growth of engineering research and development companies was the fastest at USD 55.6 billion. The domestic revenues for companies are set to grow 7 per cent to USD 58.2 billion, gro

Good steps forward: Nasscom hails Budget's focus on improving ease of biz

IT industry body Nasscom on Saturday welcomed the government's focus on fostering entrepreneurship and improving ease of doing business in the Union Budget 2025-26 and said "these are the good steps forward". Nasscom President Rajesh Nambiar said the government's focus on innovation and improving ease of doing businesses reinforces its commitment of making India a global leader. "The commitment to expanding safe harbour rules, both on the threshold as well as on the rate side is very much welcome. These are the good steps forward," he said. The government has rationalised basic customs duty rates, slashing the number of levies to just eight, but has kept the effective duty rates on most items the same by adjusting cess to further ease of doing business. Finance Minister Nirmala Sitharaman removed seven tariff rates in the 2025-26 Budget. These are in addition to the seven tariff rates removed in the 2023-24 Budget. After this, there will only be eight remaining tariff rates, inclu