Contribution of Indian IT-BPM industry in GDP of India FY 2009-2023
Domestic and international
In the financial year 2021, the IT sector had an export value of more than 149.1 billion U.S. dollars. The banking, financial services and insurance (BFSI) services were the leading segment in the export. The sector has been generating big figures domestically as well. The direct employment generated from the IT-BPM industry in the country was more than three million in financial year 2016.
What does the future hold?
With a mixture of BPM and robotic process automation (RPA) in the picture, enhanced partnerships with the rapidly growing IT and BPM industry in India are quite likely to happen. The industry has been generating increased revenue over the years, and presumably with the fast-growing pace of the sector, the revenue generation will also be on the rise.