India is at the forefront of the next wave of software
From a low-cost tech support destination, India has emerged as a hub for specialised tech services
The global software development landscape is undergoing a significant transformation. At the heart of this change is India, a country that is swiftly rising as a transformative force in the world of software design, engineering, and innovation.
From being the world’s go-to destination for low-cost tech support, India has evolved to oer scale, specialisation, and technological expertise.
Today the technology services industry in India are driving the digital transformation for more than 80 per cent of global Fortune 500 companies.
According to our latest report, India's share in the global ER&D sourcing market is projected to increase from 17 per cent in 2023 to 22 per cent by 2030.
The number of ER&D GCCs in India has increased by 11 per cent over the last two years, fuelled by a surge in digital engineering workloads, and the growing maturity of the Global Capability Centres from cost arbitrage-focused outposts to full-scale portfolio and transformation hubs.
The Indian Engineering R&D players have expanded their scope to assume end-to-end ownership of global products across industry verticals such as healthcare, telecom, automotive, aerospace and defense, sustainability, and industrial.
For instance, India has now indigenously developed Hydrogen-Fuel Cell technology. Recently, Prime Minister Narendra Modi unveiled the country’s first indigenous Hydrogen-Fueled Vessel, developed by KPIT Technologies and CSL. This not only reduces India’s import dependency but provides India an early mover