In this ever-growing age of digitization and automation, Indian IT firms are one of the favorite investment destinations. According to NASSCOM, the industry generated more than $200B in revenue in FY20. E-commerce witnessed the highest growth rate of 26% y/y in FY20. Revenue from digital constituted 28% of the IT industry revenue, clocking 23% y/y growth. According to consensus, the market size of India’s IT-BPM sector is likely to reach $350B by 2025.
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