India's IT industry to hit $315 billion in FY26 as AI revenues reach $10-12 billion: Nasscom

The industry body said AI is emerging as a meaningful, though still nascent, revenue stream for the sector.

• India's tech industry to hit $315 billion revenue in FY26
• AI revenues in IT sector reach $10-12 billion and growing fast
• IT sector adds 1.35 lakh jobs, hiring growth plateaus

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India’s technology industry is projected to reach $315 billion in revenue in FY26, on the back of steady enterprise technology spending and rising adoption of artificial intelligence (AI), which is already contributing an estimated $10-12 billion in industry revenues, according to Nasscom’s latest annual strategic review.

The projection implies a 6.1 percent growth rate for FY26, a marginal improvement over the estimated 5.9 percent expansion in FY25.

The industry body said AI is emerging as a meaningful, though still nascent, revenue stream for the sector.

AI-led revenues represent a small share of the overall industry but are expanding rapidly as enterprises move beyond experimentation toward scaled deployments.

IT companies AI revenues

Major IT companies have disclosed revenue from AI services. India's largest IT services company, TCS, has disclosed AI revenue of about $1.8 billion at an annualised run rate of $1.8 billion.

Peer HCLTech, meanwhile, has reported AI revenue of about $146 million, or around 4 percent of its topline, alongside nearly 20 percent sequential growth in its advanced AI portfolio.

Infosys disclosed that AI now accounts for 5.5 percent of Infosys' revenue, with the AI business generating $275 million.

Accenture was the first IT services company to disclose revenue from AI, however, the Dublin-headquartered firm stopped reporting the metric in the last quarter.

Jobs Scenario

Meanwhile, India’s information technology (IT) and technology industry added only about 2,000 more net jobs year-on-year in FY26, according to Nasscom.

Net additions stood at roughly 1.35 lakh employees, only marginally higher than the approximately 1.33 lakh jobs added in FY25, indicating that hiring growth has largely plateaued.

The development comes as artificial intelligence (AI) begins reshaping traditional employment patterns and weakening the long-standing link between revenue growth and workforce expansion

The sector’s total workforce grew to 59.5 lakh (5.95 million) employees in FY26, up from 58.2 lakh (5.82 million) in the previous year, translating into a 2.3 percent increase in headcount.