Information technology (IT) industry is thriving due to rising demand and favorable government policies. This has created highly lucrative opportunities for foreign investors who are looking to capitalize on the sector’s significant growth in revenue, workforce, and innovation. With its strong presence in the global IT landscape, India continues to be an attractive investment destination.

India is the third largest and fastest-growing hub for technology startups. In 2022, over 1300 startups were set up in the country. Out of these, 23 achieved unicorn status, making India the second-highest source of unicorn additions that year.

The IT sector contributes 7.5 percent to India’s GDP and serves as a hub for IT and software companies worldwide.