Indian Tech Sector News Today

Indias tech companies faced tough times recently, but theres hope for growth. Theyve got a potential $24 billion in deals, showing signs of progress. Sectors like research and development, global service centers, and innovative AI tech are growing. But, companies are cautious due to slower decision-making. The demand for tech skills is high. To boost, India needs support for deep-tech innovation and to invest in AI. The tech industrys steady growth hints at big potential if it focuses on AI adva...

Nasscom says the sector added 290,000 new jobs in FY23 to take headcount to 5.4 mn.

Indian technology sector growth is set to slow down to 8.4 per cent to USD 245 billion in FY23, Nasscom said on Wednesday. The industry had grown at 15.5 per cent -- its best in a decade -- to USD 226 billion in FY22 as the changes brought about by the Covid pandemic made technology spends a necessity for clients.