India is the topmost offshoring destination for IT companies across the world India is the world's largest sourcing destination, accounting for approximately 55 per cent of the US$ 185-190 billion market in 2017-18. India’s highly qualified talent pool of technical graduates is one of the largest in the world and the country has a low-cost advantage by being 5-6 times inexpensive than US. India’s IT & ITeS industry grew to US$ 181 billion in 2018-19. India’s IT industry contributed around 7.7 per cent to the country’s GDP and is expected to contribute 10 per cent of India’s GDP by 2025. As of FY19, IT industry employees 4.1 million people. The cloud market in India is expected to grow three-fold to US$ 7.1 billion by 2022 with the help of Growing adoption of Big Data, analytics, artificial intelligence and Internet of Things (IoT), according to Cloud Next Wave of Growth in India report. India’s digital economy is estimated to reach US$ 1 trillion by 2025. Exports from the industry increased to USD 137 billion in FY19 while domestic revenues (including hardware) advanced to USD 44 billion. Indian IT's core competencies and strengths have attracted significant investments from major countries. The computer software and hardware sector in India attracted cumulative Foreign Direct Investment (FDI) inflows worth US$ 41.26 billion between April 2000 and September 2019 and ranks second in inflow of FDI, as per data released by the Department for Promotion of Industry and Internal Trade (DPIIT). The industry is expected to grow to US$ 350 billion by 2025 and BPM is expected to account for US$ 50-55 billion out of the total revenue.