2021 NASSCOM CEO Survey - Tech Industry Outlook

The global pandemic hit every nation, disrupting business as usual for almost all the industries, causing others to rapidly pivot from in-person to digital and forcing millions of people into work-from-home situations, much of which is likely to persist well into 2021. For many companies, COVID-19 did deep damage, forcing leaders to adopt new strategies to weather the ongoing storm. 
In January 2021, NASSCOM began soliciting responses from industry leaders, as part of its annual exercise this year, through its “NASSCOM 2021 CEO Survey: The Year of Many Possibilities”. The survey underlines the perspective of Indian CEOs towards global and Indian economies. Our aim was to get a high-level insight into the sentiments of CEOs to understand the industry’s perception of the overall global economy, outlook on global technology spending, key growth segments, market growth drivers, Indian tech industry outlook, capability development focus and talent hiring trends.
The participants of the 2-months long survey were ~120 CEOs from Large & Small Indian IT companies, Global Capability Centers (GCCs) and Start-ups. Out of the total respondents, 55% were part of the firms generating annual revenue of USD <100 million, 22% generating annual revenue of USD 100 million-1 billion and the remaining 23% generating annual revenue of USD 1 billion.