Contribution of Indian IT-BPM industry to GDP of India FY 2009-2025

Being one of the largest offshoring destinations for different IT companies across the world, the business process management market in India is of considerable importance. The information technology/business process management (IT-BPM) sector had contributed a share of about 7.5 percent to the GDP of the country in fiscal year 2023. And it was estimated by 2025, the share would increase to 10 percent. BPM is more like a discipline than a process that incorporates methods to improve, analyze, automate and improve business processes. 

Domestic and international

In the financial year 2023, the IT sector had an export value of more than 193 billion U.S. dollars. The IT software and services the leading segment in the export. The sector has been generating big figures domestically as well. The employment generated from the IT-BPM industry in the country exceeded five million in financial year 2023. 

What does the future hold?

With a mixture of BPM and robotic process automation (RPA) in the picture, enhanced partnerships with the rapidly growing IT and BPM industry in India are quite likely to happen. The industry has been generating increased revenue over the years, and presumably with the fast-growing pace of the sector, the revenue generation will also be on the rise.