Indian IT industry to grow to $350 billion by 2025: Murugesh

The Indian IT industry is expected to grow to $350 billion by 2025, from the present $191 billion, riding on increased growth in digital initiatives and higher spends by global Fortune 500 clients.

Separately, Nasscom has joined hands the Maharashtra government to launch a 50,000 sq ft startup warehouse in Andheri, Nasscom Chairman Keshav Murugesh said in his keynote address, but did not elaborate.

“We are preparing for a great digitally-enabled future where every model will be transformed, and the old will give way to the new. We are confident the current $185 billion-industry will grow to $350 billion, if not more, by 2025,” Murugesh said.