India’s tech industry to cross $300 billion by FY26, Nasscom report finds

India’s technology sector is on track to surpass $300 billion revenue by fiscal year 2026 (FY26), despite ongoing volatility, according to a recent report by trade body Nasscom. The report suggest that the industry’s growth will be propelled by significant advances in artificial intelligence (AI), particularly through the integration of Agentic AI, which is expected to drive major shifts in business models across enterprises.
#NASSCOM | India tech industry to cross $300 bn in FY26 (vs $282.6 bn in FY25)@nasscom Tech Industry Survey 2025 pic.twitter.com/PVEXjudALv
— CNBC-TV18 (@CNBCTV18Live) February 24, 2025Agentic AI refers to artificial intelligence systems that can act independently, make decisions, and take actions to achieve specific goals without needing constant human input.  We can think of it like a smart assistant that doesn’t just follow orders but can figure out what needs to be done and do it on its own.Many industry leaders have welcomed the economic insights from Nasscom’s report.
Sanjeev Jain, Chief Operating Officer, Wipro Limited said, “NASSCOM’s review strikes a prudent balance between celebrating India’s tech sector resilience and the complex realities of a fragmented global economy. While a positive outlook of continued resilience in advanced economies and stability in technology services spending offers new opportunities, the macroeconomic headwinds outlined in the review demand a strategic recalibration. At Wipro, we’re aligning with NASSCOM’s call to prioritize growth fuelled by Al, Cloud, cybersecurity and emerging technologies for our industry to hit the $300 Bn milestone in FY26, while navigating a dynamic and challenging landscape.”The role of AI
As enterprises ramp up AI implementation, the adoption of Agentic AI is poised to reshape traditional business structures, driving new efficiencies and innovations, according to the report. This technological evolution will play a key role in the continued rise of Global Capability Centres (GCCs), which are maturing into hubs of value and transformation for global enterprises.In fact, this transformation of GCCs is already under play. According to Sanjay Menon, Managing Director of Publicis Sapient, “GCCs in India are no longer just about saving costs; they’re becoming critical drivers of innovation.” Menon believes that AI enables us to streamline legacy processes and shift focus to more strategic initiatives, which adds real business value.Also Read: Tech CEOs see stronger FY26; AI spend up, hiring outlook improvesThe impact of geopoliticsThe report also highlighted the growing intersection of technology and geopolitics, with the ongoing trade wars and shifting global relations influencing technological strategies worldwide. The technology sector’s increasing role in these geopolitical dynamics underscores the need for companies to adapt to external pressures.Upskilling of tech workforceA key trend identified by the report is the ongoing transformation of the tech workforce. With a heightened focus on tech skills development, the integration of AI into the workforce is seen as crucial for staying competitive. Companies are increasingly prioritising digital resilience and trust, with organisations investing more in building secure, future-proof systems to navigate the evolving landscape.Also Read: India ties up with Intel to train 1 lakh youngsters in AI this yearAs India’s technology sector continues its expansion, the focus on resilience, digital trust, and AI-driven innovation will be key factors in maintaining momentum and achieving the ambitious $300 billion target by FY26.

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