India preferred digital services destination globally in GenAI era: Report

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Key Points

Amid the global economic headwinds, India continues to be the preferred outsourcing destination for businesses aiming to build and expand their digital services portfolio, a new report showed on Monday.. About 45 per cent of high-tech, travel, and transportation companies, alongside 41-43 per cent of telecom, discrete manufacturing, and construction firms, opted to nearshore to India in 2023, underscoring the countrys growing appeal as a global hub for digital services outsourcing, according to the report by Nasscom in collaboration with Avasant...

Traditional sectors such as energy and utilities, along with construction and engineering, demonstrated substantial growth in their digital talent base, reflecting a broad-based commitment across industries to deepen their digital capabilities...

A strategic framework for businesses seeking to hasten digital adoption in an era where artificial intelligence and skills are paramount, said Sangeeta Gupta, Senior Vice President and Chief Strategy Officer at Nasscom...

Moreover, nearly 90 per cent of firms plan to boost investments in key digital technology areas this year, including AI/machine learning, big data analytics, cloud computing, cybersecurity and intelligent automation...