"This step signals a clear intent to move towards a more contemporary, coherent and nationally consistent labour architecture," the technology industry body said.
“Our focus now moves to supporting implementation in a manner that is practical, proportionate and aligned with the objectives of the law,” the technology industry body said following the government’s notification of the DPDP Rules on November 14.
IAMAI, Nasscom, BSA and ITIC have key concerns over MeitY’s draft amendments to the IT Rules on synthetically generated information, cautioning that the proposed deepfake framework could sweep up benign edits, impose impractical compliance requirements, and fragment India’s content regulation regime.
“The Guidelines’ explicit statement that “a separate AI law is not needed at this stage” is a near-verbatim reflection of our position,” said Nasscom.
Nasscom said the fee hike is applicable from 2026, which will provide enough time for companies to boost their local hiring plans
India’s technology services companies will be impacted as business continuity will be disrupted for onshore projects and additional cost will require adjustments. Companies will work closely with clients to adapt and manage transitions, Nasscom said.
Exporters caution against added paperwork, want GST-based compliance system
At a meeting held on August 1, Nasscom flagged that the draft proposes a new Export Declaration Form (EDF) for services, including software, in place of the existing SOFTEX form. However, the industry fears the new EDF would only add extra paperwork.
The IT sector's body urged the industry, academia and the government to collaborate in bridging this skilling divide, and including talent development as a national imperative
Citing models from Delhi, Telangana, and Rajasthan, Nasscom urged Karnataka government to extend the June 15 deadline and initiate consultations for a balanced regulatory framework.
The Finance Bill 2025-26 proposes eliminating the 6 percent Equalisation Levy on online advertising services, effective April 1, 2025, a move that will benefit tech giants like Google, Meta.
Over 1,680 of India’s approximately 1,750 GCCs house ER&D services, with a sizeable percent of the top 50 global engineering service providers headquartered in India
NASSCOM warned that restrictions on data flows could discourage investment, impact global competitiveness, and increase compliance costs for companies
Nasscom said in a statement that the global tech industry, which is largely customer-focused, operates on a merit-based system, emphasising high-tech skills to meet evolving customer demands.
Outside the automotive segment, he continues to remain bullish on the company’s ER&D business growth from other verticals such as semiconductors and telecom, Vijayakumar has said
Fadnavis congratulated UP CM Yogi Adityanath for his handling of Maha Kumbh in Prayagraj, which saw footfalls more than the population of entire Europe.
India's technology industry's revenue is expected to reach $300 billion at the end of FY26.
The National Association of Software and Service Companies (Nasscom) expects the industry's revenue to grow to $282.6 billion in fiscal 2025 and cross $300 billion in fiscal year 2026.
Infosys CEO Salil Parekh said the company has been able to generate revenue from Generative AI, which is expanding the market for newer projects. The company sees massive productivity boost from AI, CEO Salil Parekh added.
Creation of a grant framework for the deeptech ecosystem, and making the deferment of the time of payment of tax on Employee Stock Option Plan available to employees of all DPIIT-recognized startups also tops the Budget expectations of the industry
The tech industry body said it is committed to advancing the India-US collaboration for a democratic, inclusive, and sustainable innovation ecosystem.
According to a nasscom report, 75% of these startups in H1 CY2024 are now generating revenue, a significant jump from 22% in H1 CY2023. India ranks 6th globally in the share of GenAI startup ecosystems among major economies.
Earlier, analysts expected the sector to recover by the first quarter of FY26, as and when the macroeconomic situation were to improve.
Nambiar will succeed Debjani Ghosh, whose term ends this year in November 2024.
Nasscom said that the issue is not a new problem and courts have been ruling in favour of the IT industry in such cases.