India Software Exports Hit 5.2% of GDP, ING Says — SkimNews
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- ING reported India's software services exports have risen to approximately 5.2% of GDP, up from 3.3% before the pandemic.
- India's IT industry is being pushed by AI toward higher-value work, with the country's outsourcing sector showing little sign of losing ground to artificial intelligence, according to ING.
Why it matters: The ING figures undercut the widely held view that generative AI would hollow out India's outsourcing dominance — software exports have instead grown by roughly 2 percentage points of GDP since pre-pandemic, suggesting AI is augmenting rather than replacing the sector.
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