Page 2 - Nasscom

Indian tech industry revenues to grow 6.1% to $315 bn in FY26: Nasscom

Indian tech industry revenues for FY26 are set to grow 6.1 per cent to USD 315 billion, Nasscom said on Tuesday. The industry lobby grouping revised up its FY25 revenues number to USD 297 billion from USD 282.6 billion earlier. The revenue growth in FY26 increased marginally to 6.1 per cent in FY26 from 5.9 per cent in FY25 despite the headwinds, it said. Its President Rajesh Nambiar said the industry continues to be a net job generator, and the overall number of employees is set to increase 2.3 per cent to 5.95 million in FY26 from 5.82 million in the year-ago period. Nambiar said the overall number of employees added by the tech industry in FY26 is 1.35 lakh, which is marginally better than the 1.33 lakh added in FY25. Amid the intense focus on AI, Nasscom said USD 10-12 billion of overall revenues for the sector come from the new-age tech solutions.

AI offers opportunity for Indian firms to drive job transformation: Nasscom

The rapid development of artificial intelligence (AI) globally presents significant opportunities for Indian companies and will not adversely impact their businesses, Nasscom AI Head Ankit Bose said on Tuesday. He said instead of job cuts, India will witness job transformations as roles evolve with the growing adoption of AI. "AI is getting developed across the world, but who will deploy that. For that you need people... So now India adding capacity... AI is happening at a massive scale and Indian professionals will deploy that. So it's a big opportunity for us but we have to be ahead of the curve and we have to keep our skills up to date," Bose told PTI. He said at the sidelines of a session in the AI Impact Summit here. To build capacity, the government and private sector are taking steps. "In the next few months we are going to enable 1.5 lakh people in AI-based developers... We are working with government to develop curriculum that are needed in colleges," he said. He added t

AI can't copy deep enterprise context: Nasscom chief Rajesh Nambiar

With growth for the IT services industry in single digits and impact of AI tools like Co-work by Anthropic, many are raising existential questions for the industry

Budget 2026: Nasscom urges cloud tax clarity, ESOP deferment for startups

Industry body Nasscom hopes that the Union Budget will extend Employee Stock Option Plan (ESOP) tax deferment to more startups and bring suitable clarifications to address concerns around the tax treatment of foreign cloud use of Indian data centres. The association - whose members include IT companies and tech players across-the-spectrum, of varying size and scale - wants the Budget to clarify that procuring hosting or co-location services from an Indian data centre operator would not create a business connection or permanent establishment for the foreign cloud service provider, as the arm's length payments to the Indian player fully cover India-based functions. ESOP tax deferral for more start-ups is another proposal highlighted by Nasscom in its Budget push, as is the extension of the carry-forward and set-off of accumulated losses and unabsorbed depreciation benefits in case of amalgamation or merger to all companies (irrespective of their business nature). Other suggestions ...

Nasscom Foundation, IBM to upskill 87K marginalised youth in digital tech

In a matter of days, Army Secretary Dan Driscoll vaulted from being the leader of a military bureaucracy where he's been cutting red tape to quickly buy inexpensive drones to a key negotiator in the Trump administration's push to end the Russia-Ukraine war. The boyish Iraq War veteran, former venture capitalist and friend of Vice President JD Vance went from presenting President Donald Trump's plan to Ukrainian President Volodymyr Zelenskyy in Kyiv to sitting down with Russian officials in the United Arab Emirates on Monday and Tuesday, heading up the latest phase of talks on a possible deal to halt the fighting. Trump appears to believe Driscoll's efforts are going well, posting on social media that my team has made tremendous progress. In the hopes of finalizing this Peace Plan," Trump wrote Tuesday, I have directed my Special Envoy Steve Witkoff to meet with President Putin in Moscow and, at the same time, Secretary of the Army Dan Driscoll will be meeting with the ...

Nasscom says govt's AI guidelines support coordination rather than control

It also proposed enabling a single reporting interface that routes across privacy, cybersecurity, and safety mechanisms, developing clearer conformance pathways for voluntary commitments

Sattva, Innovalus launch GCCBase to power India's next wave of GCC growth

Bengaluru-based Sattva Group and Innovalus unveil GCCBase, a unified platform to simplify and accelerate the setup and scaling of Global Capability Centres across India

Rajesh Nambiar remains confident as AI, Trump test India's tech sector

Lunch with BS: Meet Rajesh Nambiar, President, Nasscom

H-1B visa impact on Indian IT firms & stock market, GST 2.0 kicks in, SC on Air India crash

Nasscom, the IT industry body, said the new $100,000 H-1B fee will have a marginal impact on Indian IT firms, as their reliance on these visas has dropped significantly.

Indian IT investing $1 bn in US talent as H-1B fee hike looms: Nasscom

Nasscom says $100,000 H-1B visa fee from 2026 will have a limited effect as Indian IT firms invest $1 bn in US upskilling and local hiring, reducing dependence on visas

H-1B visa fee hike disruptive but may boost local hiring: Ex-Nasscom chief

US President Donald Trump's decision to raise H1-B visa fee to USD 1,00,000 annually poses significant cost challenges to Indian IT companies and will be disruptive in near term, said Former Chairman of Nasscom BVR Mohan Reddy on Saturday. He also said the move could also push Indian IT firms to accelerate local hiring in the US, strengthen global delivery from India, and move up the value chainturning a challenge into an opportunity for more resilient models. The sudden USD 100,000 H-1B visa fee poses significant cost challenges for Indian IT companies, and the one-day implementation timeline creates considerable uncertainty for ongoing projects. While this is disruptive in the near term, it also compels us to accelerate local hiring, strengthen global delivery from India, and move up the value chainturning a challenge into an opportunity for more resilient models Reddy told PTI. In a development that could adversely affect Indian professionals in the US, President Trump on Friday

Nasscom says US' new H-1B visa policy to impact Indian engineers, IT cos

It said that a one-day deadline to implement the order was concerning as it creates considerable uncertainty for businesses, professionals, and students across the world

ER&D sector could nearly double to $100 billion in 5 years: Nasscom

Kishor Patil of Nasscom's ER&D Council said India's engineering R&D sector could grow from $56 bn to $100 bn in five years, led by auto, aerospace, semiconductors and GenAI adoption

Bengaluru hosts half of India's mid-market GCCs, says Zinnov-KDEM report

Such smaller GCCs now make up about 27% of the country's total GCC ecosystem

Nasscom launches 'Makers Honor' to spotlight India's tech engineers

'Makers Honor' aims to celebrate unsung engineers behind India's tech success in AI, open source, infrastructure and social impact, with support from GitHub and industry veterans

Upskill or risk losing job: IT firms warn employees as AI takes hold

The $282 billion sector, employing around six million people, has long been one of the country's largest organised job creators

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