Revenue share of tech SMEs in India FY 2019-2023, by sector

Published by
Shangliao Sun,
Nov 9, 2024
In financial year 2023, around 55 percent of the technology small and medium-sized enterprises (SMEs) were in BFSI and FinTech sectors. In comparison to 2019, the retail and eCommerce sector saw a significant increase to 10 percent in 2023.

Revenue share of tech small and medium-sized enterprises in India in financial year 2019 and 2023, by sector

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Release date

March 2023

Region

India

Survey time period

FY 2019

Supplementary notes

*Estimates.
** includes B2G, telecom, manufacturing, automotive, heavy industries.

India's financial year begins in April and ends in March. For example, FY 2021 started in April 2020 and ended in March 2021.

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