India’s Software Product Export Revenue May Hit $100 Billion by 2030: NASSCOM

Hello readers,

The progress made by the Indian startup ecosystem over the years has led to the emergence of a strong set of software product companies whose momentum has started to pick up. Currently, the segment is dominated by software-as-a-service (SaaS) startups, and the next step in this evolution will be the growth of deep tech companies.

NASSCOM, the leading trade body representing India’s technology industry, has supported software product companies over the years and expects export revenue from this segment to reach $30 billion by 2025.

“If we get brave, it should be closer to $100 billion by the end of the decade,”

NASSCOM Product Council Chairman Ramkumar Narayanan Recounts Your story in an interview,

Ramkumar is optimistic about the growth of India’s startup ecosystem, especially after how companies have handled the COVID-19 pandemic.

“We think the next 10 years is going to be a phenomenal growth driver for this ecosystem,” he adds. Read more.


The interview

Over the past two decades, AU Small Finance Bank has positioned itself as a bank for the underserved and unserved in the lower and middle classes. Hear Mayank Markanday, Head of Credit Card Business at AU Small Finance Bank, dig deeper into the background of his recently introduced credit card promised to every applicant.


Editor’s Pick: Techie Tuesday

In this week’s Techie Tuesday, we feature Nitin Das, co-founder and chief AI officer at AiDash, a startup developing an early suite of artificial intelligence (AI) solutions for enterprise business operations. Nitin says his curiosity about technology helped him forge a career in AI. Read more.


Spotlight on startups

Introducing investors to the bond market

Bonds come in different formats, such as government securities, public sector bonds, corporate bonds, etc. This market mainly has investors belonging to the HNI, corporate and institutional categories.

Founded by Ankit Gupta and Puneet Aggarwal in February 2020, Bonds India is keen to introduce retail investors to the world of bonds and show them how one can generate a higher return than a Fixed Deposit (FD). Read more.


Update News

  • Awadesh Jha, chief executive of Fortum, said the 2021 electricity rules (promotion of renewable energy through open access to green energy) allowing any consumer requiring a load greater than 100KWh to sourcing electricity from green sources outside could help the electric vehicle industry.

Before you go, stay inspired with…

Entrepreneurship is not a straight line with a 20 degree slope, it is a sinusoidal curve. So, build emotional and mental resilience.

– Phalgun Kompalli, upGrad


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