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. It then extrapolated the results to suggest that Indian companies billed for $221 billion worth of services la