21CTO

Sep 24, 2026 · Industry Insights

India's Software Services Grow 9.5% to $239B, Defying AI Deflation Fears

India's software services industry grew 9.5% to $239.3 billion in FY 2025-26, driven by strong US and UK demand, while software product development declined; RBI survey data shows AI-driven revenue deflation predicted by tech giants has not yet materialized.