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back to article India’s outsourced software industry grows 9.5 percent to reach $239 billion

Indian IT services companies increased their sales by 8.2 percent in FY 25/26, but less of that money went towards development of software products. Those numbers come from the annual Survey on Computer Software and Information Technology Enabled Services published [PDF] by the Reserve Bank of India. The Bank asked over 7,500 …

  1. Like a badger Silver badge

    $65bn of UK IT imports from India alone

    And then the UK government wonder why the economy is in the toilet, good jobs are in short supply, and we're reliant on foreign nations for all matters technical.

    1. VoiceOfTruth Silver badge

      Re: $65bn of UK IT imports from India alone

      You are deluding yourself if you think the government 'wonders why'. They know full well.

      The established economic 'system' in the UK, across both the Tories and Labour, is to buy in services from the lowest cost provider.

      First they came for the miners. I don't recall IT workers downing keyboards to support them.

      Then they came for the heavy industry. I don't recall IT workers complaining.

      Only when it directly affected them did the IT crowd get upset. I'm surprised there is still some IT left in the UK. beyond that necessary for local hands-on work.

      The UK is being turned into a nation of serfs. At the top are the bankers, the money manipulators, and their ilk. They want human capital.

      The UK cannot recruit sufficient numbers to the armed forces. Numerous reasons are given. It is not due to the 'recruitment pipeline', as they like to emphasise. That problem is minimal, and would not affect those already in the armed forces who are leaving. The loss of experienced personnel is a major problem. No pipeline fix will fix that. No, it is due to young working class men having woken up and realising just how much this country shits on its people.

      It's why the Tories have such a hard-on for conscription. No doubt the Tory rich and the Labour luvvies would be exempt in some way. The same Tories gave the contract to 'maintain' the armed forces housing stock, which is now in a very dilapidated state, to one of their friends. That friend lives in an offshore tax haven.

  2. Anonymous Coward
    Anonymous Coward

    Not really outsourcing…

    …if the bulk of the work is done there.

    At some point all these IT companies simply become Indian companies, with a small head quarter in California.

    Like all the manufacturers are Chinese, with a couple of product designers in California….

  3. Anonymous Coward
    Anonymous Coward

    hiring locals

    I currently work for a medium-sized bank in London, and almost all of my colleagues in certain technology roles are on visas from India.

    We have tried hiring locally for DevOps, DevSecOps and cloud roles, but in our experience many candidates lack practical experience. Some have certifications but struggle with basic technical interviews. Meanwhile, India has pushed these skills—Git, VS Code, cloud and related technologies—from an early stage, with many people gaining experience through consultancies before moving to the UK or US.

    Once they gain residency, some move on for significantly higher salaries. Some also take UK remote jobs and then move back to India without informing their employer, returning every few months for meetings while continuing to work remotely, getting a significant salary increase in India.

    This isn't just a UK issue; similar practices likely exist in the US, particularly with remote work and people potentially holding multiple jobs.

    The outsourcing decisions made by senior executives 20 years ago during dotcom, haven't eliminated UK IT jobs, but they have moved a significant portion of them overseas. It's frustrating to see this while both graduates and non-graduates in the UK struggle to find work.

  4. Groo The Wanderer - A Canuck Silver badge

    That's because Indian programmers are still a heck of a lot cheaper than paying for tokens, especially when you consider how many of those tokens are burnt producing absolute garbage code...

  5. Anonymous Coward
    Anonymous Coward

    About Those UK GDP Numbers.....

    Yup.....UK average annual GDP growth since 1995 is around 2%.

    For comparison, Chinese annual GDP has grown around 11% per annum since 1995.

    ....and we keep hearing about "growth"........

    ....but we NEVER hear about 9.5%..............or even close.

    Do the math! You know.....compound interest and all that.

    9.5% in one year.....it's a UK fantasy!

    Sigh!!!!

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