India: a thriving home for technology innovation

India, one of the most populated countries in the world, is also one of the most tech-savvy. Making a name for itself on the global stage, much like the US, India has tech hubs comparable to Silicon Valley in the cities of Hyderabad, Bangalore, Chennai, and Thiruvananthapuram's Technopark. With a global presence in over one hundred countries, the Indian technology industry draws on talent from 150 nationalities, and over 1.6 million digitally-skilled people. And the impressive numbers don’t stop there.

According to the National Association of Software and Service Companies (Nasscom), the Indian IT industry's revenue touched 227 billion US dollars in FY22, a 15.5% YoY growth - making it one of the fastest growing and largest technology hubs for innovation in the world. The software as a service (SaaS) innovation emerging from India in particular, is expected to create $1 trillion in value and almost a quarter of the industry's revenues by 2030.

So, what sets India’s technology industry apart from the rest of the world, and how can you take advantage of their digitally skilled workforce? Read on to find out!

Why does India have such a robust technology industry?

It is not just education that makes India stand out from the crowd in terms of technology innovation; it is an ingrained part of their culture and upbringing too. India’s predisposition toward mathematics and science, and the government’s focus on STEM (Science, Technology, Engineering and Math)-based education, have helped Indians adopt a drive for technology innovation as a way of life.

Edtech platforms in India have worked on creating AI-led models that breathe life into STEM learning for students, and it is through these mediums that every student, despite their academic history, can grow their tech wisdom with STEM. The new National Education Policy of India (2020-21) has made technology innovation an important part of the curriculum, where subjects such as Robotics, Coding, and Artificial Intelligence are introduced as early as elementary school level to enable long-term and comprehensive science, technology and engineering literacy from a young age.

The number of STEM graduates from India is particularly impressive. In fact, percentage-wise, there are more Indian female (43%) graduates in STEM at tertiary level than developed nations like the US (34%), UK (38%), France (32%), and Germany (27%).

This makes for a dedicated, diverse and extremely talented technology workforce that is helping to positively shape the global digital economy.

How can you take advantage of India’s technology innovation?

Grid Dynamics has opened an office in Hyderabad, India, a hotbed of top-tier engineering talent and a robust business center for hyperscale technology providers and financial services companies. Hyderabad serves as a critical growth center with a high concentration of skilled talent coming out of a strong network of globally renowned, top-tier engineering and management schools.

Expanding in India aligns with our long-term growth strategy and plays a critical role in scaling top-tier talent to deliver global services to our clients. Within the next year, Grid Dynamics will continue expanding its engineering team in India, where they plan to house a significant part of their global workforce.

From Grid Dynamics CEO, Leonard Livschitz: “Grid Dynamics’ India Engineering Center is part of our strategic blueprint as a global engineering and technology company. Our presence in India gives us access to the best talent pool at scale and allows us to provide more flexibility to our customers along with our operations in the United States, Europe, and Latin America.”

“Our clients are enthusiastic about our presence in India as it allows us to seamlessly scale our engineering workforce and support their innovation needs. We are excited about the breadth and depth of the talent pool in India. We have augmented our leadership across human resources, delivery, and operations and partnered with one of the leading universities for internships. Our new office is located in the fast-growing innovation hub of Hyderabad, India—also a base for the world’s top technology companies. This will help us attract and recruit high-quality talent, and further strengthens our position as a global services company.”

Interested to find out more about Grid Dynamics technology innovation services in India, or other locations across the globe? Get in touch with us to speak to a tech expert near you.

Looking for Grid Dynamics career opportunities in India? Check out our current job opportunities, and read our India relocation guide to find out more about the perks of living and working for us in India.