India as a Global Talent Hub

India has established itself as a significant talent hub for tech companies globally, providing a rich pool of skilled professionals for creating successful software products. The emergence of private tech-consulting firms, coupled with the government's support, has created a mutually beneficial synergy that reinforces India’s position as a major player in the IT sector.  

According to the India Brand Equity Foundation (IBEF), the IT industry accounted for 7.4% of India's GDP in the fiscal year 2022 (FY2022) and is expected to contribute up to 10% by 2025. Quoting other sources, NASSCOM found that FY2022 represented the highest-ever growth in revenue for India's technology industry. At 15.5%, that rounds up to more than 227 billion USD. 

A Land of Thriving Culture and Tight-Knit Work Relationships 

India’s multi-faceted cultural diversity has given rise to a unique business culture characterized by strong interpersonal bonds and a loyal work ethic. As Global Business Culture puts it, "India is a relationship market... relationships are veritable pillars of business transactions and are highly based on trust and continual cultivation." 

Tech Infrastructure in India 

The Association for Asian Studies compares some locations in India to Silicon Valley. The largest tech hubs include the cities of Bangalore, Hyderabad, Chennai, and Thiruvananthapuram's Technopark. 

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