India’s software products export revenues can hit $100B by 2030: NASSCOM

Industry body NASSCOM is upbeat about the growth of deep tech startups from India. It expects this segment to boost the overall prospects of the software products industry in the country.
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Hello Readers, 

The strides made by the Indian startup ecosystem over the years have led to the emergence of a strong set of software product companies whose momentum has started to pick up the pace. Currently, the segment is dominated by software as a service (SaaS) startups, and the next step in this evolution will be the growth of deep tech companies.

 

NASSCOM, the leading trade body representing India’s technology industry, has been nurturing software product companies over the years and expects the export revenue from this segment to touch $30 billion by 2025.

“If we are getting brave, then it should be closer to $100 billion by the end of the decade,” 

 NASSCOM Product Council Chairperson Ramkumar Narayanan tells YourStory in an interview, 

 

Ramkumar is optimistic about the growth of India’s startup ecosystem, particularly after the way businesses handled the COVID-19 pandemic. 

 

“We believe the next 10 years are going to be a phenomenal growth vector for this ecosystem,” he adds. Read more


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Before you go, stay inspired with… 

Entrepreneurship is not a straight line with a 20-degree slope, it is a sinusoidal curve. So, build emotional and mental resilience. 

- Phalgun Kompalli, upGrad


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