Information Technology (IT) and IT-Enabled Service Sectors
India’s IT and ITES Sector: Powering the Digital World, Driving the Indian Economy
At Lobal, we view India’s Information Technology (IT) and IT-Enabled Services (ITES) sector as a cornerstone of the country’s global economic influence. Since the 1990s, this sector has transformed India into a leading provider of digital solutions, back-office operations and software services to the world. Backed by a highly skilled workforce, strong infrastructure and digital innovation, India now stands as a trusted partner in global tech ecosystems
Contribution to India's GDP
The Indian IT and ITES sector is valued at over $245 billion.
India's position in the sector compared to the world
The sector employs over 5.4 million professionals, making it one of the largest private-sector employers. IT and ITES together account for over 50% of India’s total services exports.
Effect of the Union Budget on the sector
The Union Budget 2025–26 expanded support for this sector through investments in AI innovation hubs, cybersecurity and next-gen digital infrastructure.
Predicted Growth
Lobal estimates that India’s IT and ITES exports could grow by 30–35% over the next five years.
Education and Professional Services Sector
India’s Education and Professional Services Sector: Empowering the Future Workforce and Economy
At Lobal, we view India’s Information Technology (IT) and IT-Enabled Services (ITES) sector as a cornerstone of the country’s global economic influence. Since the 1990s, this sector has transformed India into a leading provider of digital solutions, back-office operations and software services to the world. Backed by a highly skilled workforce, strong infrastructure and digital innovation, India now stands as a trusted partner in global tech ecosystems.
Contribution to India's GDP
The education sector is valued at over $120 billion. The professional services market is estimated at around $100 billion.
India's position in the sector compared to the world
India hosts approximately 50,000 international students, contributing over $4 billion annually in education exports.
Effect of the Union Budget on the sector
The Union Budget 2025–26 increased allocations for digital education infrastructure, skill development programs and research initiatives.
Predicted Growth
Lobal projects that education and professional services exports can grow by 25–35% over the next five years.
Financial and Legal Services Sector
India’s Education and Professional Services Sector: Empowering the Future Workforce and Economy
At Lobal, we recognise India’s education and professional services sectors as crucial drivers of the country’s human capital development and economic progress. Over the years, these sectors have evolved significantly—fueled by digital transformation, expanding global demand for skilled professionals and government initiatives—that now position India as a growing hub for quality education, skill development and professional expertise worldwide.
Contribution to India's GDP
Financial services contribute nearly 8% of India’s GDP. The Indian legal services market is valued at approximately $11 billion.
India's position in the sector compared to the world
India's financial services exports exceed $40 billion annually. Indian legal exports, including outsourced legal services, contribute roughly $2 billion annually.
Effect of the Union Budget on the sector
The Union Budget 2025–26 allocates increased funding for digital infrastructure and regulatory reforms to support these sectors.
Predicted Growth
Lobal projects that Indian financial and legal services exports can grow by 30–40% over the next five years.
