<p>Mumbai: The domestic technology industry's revenue is projected to grow 3.8 per cent to $254 billion this fiscal, industry body Nasscom said on Friday.</p><p>Excluding hardware, the revenue is expected to touch $199 billion, a growth of 3.3 per cent over FY23.</p><p>The Engineering Research & Development (ER&D) sector alone contributed 48 per cent to the total export revenue addition in FY24, Nasscom said in its annual review.</p>.India has great growth potential, will find another opportunity post Zee merger collapse: Sony.<p>The projected 3.8 per cent growth is despite a 50 per cent slide in tech spending and 6 per cent decline in tech contracts in 2023 globally.</p><p>This means the industry has added $9.3 billion incremental revenue in the fiscal, Nasscom said.</p><p>It said despite reports of massive retrenchments, the industry added net 60,000 jobs, taking the total headcount to 5.43 million in the year.</p>
<p>Mumbai: The domestic technology industry's revenue is projected to grow 3.8 per cent to $254 billion this fiscal, industry body Nasscom said on Friday.</p><p>Excluding hardware, the revenue is expected to touch $199 billion, a growth of 3.3 per cent over FY23.</p><p>The Engineering Research & Development (ER&D) sector alone contributed 48 per cent to the total export revenue addition in FY24, Nasscom said in its annual review.</p>.India has great growth potential, will find another opportunity post Zee merger collapse: Sony.<p>The projected 3.8 per cent growth is despite a 50 per cent slide in tech spending and 6 per cent decline in tech contracts in 2023 globally.</p><p>This means the industry has added $9.3 billion incremental revenue in the fiscal, Nasscom said.</p><p>It said despite reports of massive retrenchments, the industry added net 60,000 jobs, taking the total headcount to 5.43 million in the year.</p>