Nasscom: AI to expand India's IT sector, unlock $300-400bn by 2030
Synopsis
Nasscom is pushing back against AI-as-disruption narratives with data: India's IT sector already earns $10–12 billion in AI services revenue, 85% of providers have agentic AI platforms, and the body sees Agentic AI unlocking $300–400 billion in new global spending by 2030. The message is clear — AI is India's next IT boom, not its undoing.
Key Takeaways
Nasscom stated on 26 June that AI will expand, not reduce, the role of India's IT services sector.
India's technology sector generates an estimated $10–12 billion in AI services revenue, with over 2 million AI-skilled professionals .
Nearly 25% of tech services firms have moved AI initiatives from pilot to production stage.
Around 85% of technology service providers now operate agentic AI platforms .
Agentic AI could unlock $300–400 billion in additional addressable global spending by 2030 , according to Nasscom estimates.
Nasscom President Rajesh Nambiar said Indian IT firms are well-positioned to help enterprises deploy and scale AI responsibly.
Nasscom, India's apex technology industry body, on Friday, 26 June asserted that artificial intelligence (AI) will strengthen rather than shrink the country's IT services sector, opening new growth avenues in enterprise modernisation, data readiness, cybersecurity, and AI governance. The body cautioned against viewing AI solely through the lens of automation, arguing instead that it will generate fresh demand across multiple high-value service lines.
AI as a Growth Engine, Not a Job Killer
According to Nasscom, while AI is expected to improve productivity and automate repetitive tasks, its broader impact will be to accelerate demand for application modernisation, AI governance, cybersecurity, agent management, and industry-specific digital solutions. The framing is a direct counter to widespread concern that generative AI could hollow out India's technology workforce.
The industry body noted that nearly 25 per cent of technology services companies have already moved AI initiatives from pilot projects into full production — a sign that enterprise adoption is maturing well beyond experimentation.
India's AI Services Footprint Today
India's technology services sector is currently generating an estimated $10–12 billion in AI services revenue. The talent base supporting this is substantial: more than 2 million professionals are skilled in AI, with between 1,00,000 and 2,00,000 trained in advanced AI capabilities. Around 85 per cent of technology service providers now have agentic AI platforms in place, positioning the sector to support enterprises as they move towards large-scale AI deployment.
What Industry Leaders Said
Ravi Kumar S, Chair of the Nasscom US CEO Forum, said the next phase of AI adoption would be driven by enterprises seeking to convert AI capabilities into tangible business value — through secure deployment, workflow redesign, governance, and change management.
Rajesh Nambiar, President of Nasscom, said Indian technology services companies have successfully guided global enterprises through multiple technology transitions over the past three decades and remain well-positioned to help businesses deploy and scale AI responsibly.
The Agentic AI Opportunity
Looking ahead, Nasscom has estimated that Agentic AI could unlock an additional $300–400 billion in addressable spending for the global technology services industry by 2030. This potential spans AI-ready data infrastructure, legacy system modernisation, AI operations, cybersecurity, governance frameworks, and intelligent workflow automation.
This comes amid intensifying global competition for AI services contracts, with Indian IT majors increasingly repositioning their offerings around AI-led transformation. The Nasscom assessment suggests that India's established delivery model and deep enterprise relationships give it a structural edge as this spending wave materialises.
Point of View
Including early cloud and digital transformation numbers, is one of overstated timelines. The more telling data point is that only 25% of firms have moved AI from pilot to production, meaning the vast majority are still in the experimentation phase. India's IT sector has navigated past transitions from Y2K to cloud, but each required painful workforce reskilling that lagged behind the headline opportunity. The real question is not whether Agentic AI creates a $300 billion market, but whether India's talent pipeline — and its clients' willingness to pay — will let Indian firms capture a disproportionate share of it.
NationPress
26 Jun 2026
Frequently Asked Questions
What did Nasscom say about AI's impact on India's IT sector?
Nasscom said AI will strengthen rather than diminish India's IT services sector, creating new opportunities in enterprise modernisation, data readiness, cybersecurity, and AI governance. The body argued that AI should not be viewed solely as an automation threat but as a driver of fresh service demand.
How large is India's AI services revenue today?
India's technology services sector is currently generating an estimated $10–12 billion in AI services revenue, supported by more than 2 million AI-skilled professionals and between 1,00,000 and 2,00,000 trained in advanced AI capabilities, according to Nasscom.
What is Agentic AI and why does it matter for Indian IT?
Agentic AI refers to AI systems capable of autonomous decision-making and workflow execution. Nasscom estimates it could unlock $300–400 billion in additional addressable global technology services spending by 2030, spanning AI-ready data, legacy modernisation, cybersecurity, and intelligent workflows — areas where Indian IT firms are already active.
How many Indian IT firms have moved AI from pilot to production?
According to Nasscom, nearly 25% of technology services companies have already transitioned AI initiatives from pilot projects to full production. Around 85% of providers now have agentic AI platforms in place.
Who are the Nasscom leaders who commented on AI's role?
Ravi Kumar S, Chair of the Nasscom US CEO Forum, said enterprises will drive the next AI phase by converting capabilities into business value. Nasscom President Rajesh Nambiar said Indian IT firms are well-positioned to help global businesses deploy and scale AI responsibly.
