IT exports climb 12.5% to $224 billion in FY25: MeitY

India's information technology exports rose 12.48% in fiscal 2024-25, accelerating from the prior year’s 2.83% growth, to an estimated $224.4 billion from $199.5 billion, the Ministry of Electronics and Information Technology (MeitY) informed Parliament on Wednesday, citing data from industry body Nasscom.

Despite the pandemic and trade war-induced volatility, IT exports had remained on the growth path for the past 5-years. However, the growth rates had swung wildly, from 3.4% in FY21 to 17.01% in FY22, 8.98% in FY23 and 2.83% in FY24.

The government credits the expansion in IT exports to its Software Technology Park of India (STPI) scheme. STPI-registered units recorded Rs 10.64 lakh crore of exports in 2024-25.


The Centre has expanded the scheme beyond major cities, with as many as 60 of the 68 STPI centres now being located in tier-2 and -3 cities, MeitY said. These units employed 298,000 people in non-metro cities as on March 31.

In the past fiscal year, 15 new Centres of Entrepreneurship (CoEs) have been established, bringing the total number to 24, the ministry said. Across these CoEs, startups had reported 9,800 jobs in non-metro areas.

With a total outlay of Rs 445.77 crore, STPI has so far supported 1,121 startups through various schemes and programmes of MeitY. Of this amount, Rs 39.86 crore was disbursed as direct funding to 590 startups during the last three financial years, the ministry said.

In the last five years, STPI has established nine new incubation centres in locations such as Bihar's Bhagalpur and Darbhanga, Odisha's Jajpur and Koraput, and Nagaland's capital Kohima, it added.