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Hey I am on Medial • 10m

India must urgently scale up its manufacturing capabilities on a war footing. Relying solely on services exports is no longer sustainable. As Western companies increasingly adopt AI, a significant portion of today’s backend IT jobs will become obsolete in the coming years. To offset the impending decline in services exports, India must transform itself into a global manufacturing powerhouse.

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India's software exports to the U.S. market were estimated at over $103 billion in FY24 (2023-24), representing a significant portion of the total $205.2 billion in India's overall software services exports for that fiscal year.

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Mahendra Lochhab

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India is a major exporter of software and IT services, with exports reaching $200 billion in 2023-24. This represents a 3.63% increase from the previous year.

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