According to estimates, approximately one million skilled professionals will be required in AI and data science roles alone by 2024. A quick look at the current situation reveals that the country’s IT sector employs approximately five million people and generates approximately $225 billion in revenue. The digital revolution is well underway in India , and the country is rapidly establishing itself as a major player in the digital economy, with the IT and digital industries at the forefront of enabling seamless digitalization. The industry has grown significantly as a result of the transition from legacy to new-age digitized processes. Over the years, the Indian IT industry has pushed its boundaries and accomplished incredible feats. It has grown at a CAGR of more than 15% from $196 billion to over $225 billion in FY22. If current growth rates continue, the IT industry will be worth approximately $394 billion by 2027. However, in order to achieve the goal of making India a $1 trillion digital economy, efforts must be significantly increased. The need of the hour is to invest in digital transformation and achieve a 25% CAGR, which will help India become a $687 billion IT powerhouse by 2027 and bring […]
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