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Indian IT sector
The Indian technology industry crossed the $200 billion in overall revenue for the first time, and is set to reach $227 billion in overall revenue in FY2022 -- with a growth rate of 15.5 per cent which is the highest-ever since 2011.
The Indian tech industry clocked double-digit growth across sub-sectors, adding $30 billion in revenues in FY2022 and nearly 450,000 jobs. "Fiscal 2022 has been a breakthrough year for the Indian technology industry.
While the IT Services vertical is set to clock $116 billion in revenue in FY2022, the BPM sector is set to log $44 billion; ER&D vertical $36 billion; hardware segment $17 billion and software products, $13 billion.
Exports (including hardware) recorded a growth of 17.2 per cent clocking revenue of $178 billion which is over 51 per cent share of India's total services exports, said the Nasscom report.
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