Overview
- India’s IT sector is estimated at about $264 billion after growing 8.1% annually from FY22 to FY25, with Bessemer projecting roughly 8.7% yearly growth through FY30.
- Bessemer’s roadmap cites rapid enterprise AI adoption and a step-change in global outsourcing as the main drivers of the forecast.
- Nithin Kaimal notes clients are using AI efficiency gains to push for lower rates now, but he characterizes the slowdown as temporary.
- The report highlights a window for AI-first startups to win complex mandates even as incumbents such as TCS, Infosys, and HCLTech retain primacy through build, partnership, or acquisitions.
- Supporting signals include global IT-services M&A nearly doubling from $4.4 billion in 2022 to $10.5 billion in 2024 and Indian AI startup funding rising about 50% to around $665 million in early 2025, as automation reshapes the billable-hour model with margins expected to hold.