Software companies in India have experienced tremendous growth in the past few years due to the digital transformation of businesses and changing customer demands. In 2023, India has become a significant hub for software development, hosting several international and domestic IT companies. The Indian software industry is expected to grow at a compound annual growth rate of 11.2 per cent between 2019 and 2023, driven by increased demand for software products such as cloud computing, mobile applications, analytics, cybersecurity and artificial intelligence. The government’s initiatives to promote digital literacy and foster new technology have also created more opportunities for software companies in India. India is becoming an attractive destination for software companies looking to expand their operations due to its growing talent pool and competitive taxes.
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