New Delhi, Oct. 28 -- India's information technology (IT) services industry is projected to crossUSD 400 billion by 2030, fuelled by the rapid adoption of artificial intelligence (AI) and the growing demand for outsourcing, according to a report byBessemer Venture Partners (BVP).

The report highlights that the sector, which stood at aroundUSD 264 billion in FY25, has grown at acompound annual growth rate (CAGR) of 8.1 %since FY22.

Over the next five years, it is expected to maintain a steady8.7 % annual growth, enabling it to reach the USD 400 billion milestone by the end of the decade.

Experts say that while the short term may witness pricing pressure as enterprises use AI to increase productivity and negotiate lower outsourcing costs...