<p>The Indian technology industry is set to grow by 8.4 per cent in FY23 to become a $245 billion sector, Nasscom said on Wednesday.</p>.<p>The sector had revenues of $226 billion in FY22, the industry lobby said in its strategic review. The cross currency headwinds have shaved off over 2 per cent of the revenue growth.</p>.<p>Nasscom president Debjani Ghosh said it will be difficult to make a prediction for revenue growth in FY24, but pointed to a chief executives’ survey which said they are “cautiously optimistic” about the new fiscal.</p>.<p><strong>Also Read | <a href="https://www.deccanherald.com/national/indias-jobless-rate-rises-to-745-in-february-cmie-1196115.html" target="_blank">India's jobless rate rises to 7.45% in February: CMIE</a></strong></p>.<p>The sector added 2.90 lakh new jobs to take the overall number to 54 lakh employees in the sector.</p>.<p>The top-five companies have a strong deal pipeline of $18 billion, but there are a slew of headwinds the sector is staring at, Ghosh told reporters.</p>.<p>The industry is well on its way to become a $500-billion sector by 2030.</p>.<p>The headwinds include the continuing geopolitical challenges triggered by the Ukraine-Russia war and the employability gap, she said.</p>
<p>The Indian technology industry is set to grow by 8.4 per cent in FY23 to become a $245 billion sector, Nasscom said on Wednesday.</p>.<p>The sector had revenues of $226 billion in FY22, the industry lobby said in its strategic review. The cross currency headwinds have shaved off over 2 per cent of the revenue growth.</p>.<p>Nasscom president Debjani Ghosh said it will be difficult to make a prediction for revenue growth in FY24, but pointed to a chief executives’ survey which said they are “cautiously optimistic” about the new fiscal.</p>.<p><strong>Also Read | <a href="https://www.deccanherald.com/national/indias-jobless-rate-rises-to-745-in-february-cmie-1196115.html" target="_blank">India's jobless rate rises to 7.45% in February: CMIE</a></strong></p>.<p>The sector added 2.90 lakh new jobs to take the overall number to 54 lakh employees in the sector.</p>.<p>The top-five companies have a strong deal pipeline of $18 billion, but there are a slew of headwinds the sector is staring at, Ghosh told reporters.</p>.<p>The industry is well on its way to become a $500-billion sector by 2030.</p>.<p>The headwinds include the continuing geopolitical challenges triggered by the Ukraine-Russia war and the employability gap, she said.</p>