Deloitte technology trends 2024: India perspective

The Deloitte Tech Trends 2024 report reveals the forefront of pioneering technologies adopted by forward-thinking organisations, uniquely viewed through an Indian lens. It provides captivating insights into potential industry game changers for Indian business leaders and organisations.

India stands out as a hub of innovation and opportunity in a constantly changing landscape, where tradition and modernity converge to create a vibrant ecosystem full of possibilities. The country is set to take the lead in advancing a future characterised by technological prowess and inclusive growth as more organisations recognise the potential of emerging technologies and adopt innovative cultures.

The Indian technology industry’s revenue (including hardware) is estimated to reach US$254 billion (3.8 percent y-o-y growth) in FY2024, up from US$9 billion over the last year. Exports are poised to touch the US$200 billion mark, growing at 3.3 percent y-o-y, and the domestic technology sector is expected to cross US$54 billion, growing at 5.9 percent y-o-y.

Global Capability Centers (GCCs) are taking the lead in 2024, demonstrating India’s growing prowess in catering to international tech needs. With over 1,600 GCCs currently, India’s GCC market is growing and creating its dominance globally. It is estimated that by 2030, the Indian GCC market would exceed US$100 billion, with ~2,500 GCCs across the country employing over 4.5 million people.