India’s outsourced software industry grows 9.5 percent to reach $239 billion

Indian IT services companies increased their sales by 8.2 percent in FY 25/26, but less of that money went towards development of software products. Those numbers come from the annual Survey on Computer Software and Information Technology Enabled Services published [PDF] by the Reserve Bank of India. The Bank asked over 7,500 tech services firms for data and received replies from 2,363.