Budget 2022: expectations of the IT/ITeS sector

The IT/ITeS sector has always been a key pillar of growth within the Indian economy. While the pandemic has impacted sectors across the board, the Indian IT sector over the last few years witnessed steady growth. In its latest report on the state of the IT industry, NASSCOM said that despite a global pandemic and initial uncertainty, the industry registered an overall growth of 2.3 percent with revenues growing from $190bn last year to $194 bn this year. A hub for digital talent, the sector today employs an estimated 4.5 million people across the country.