The Indian IT industry is likely to hit $300-$350 bn revenue over the next five years growing 10% a year, according to a yet-to-be-released report by McKinsey & Company. The growth is much higher for the $194 bn industry which grew 7.5% over the last five years. This growth will come primarily from digital services, which currently accounts for 30% of the total revenue, but expected touch 50% in next five years to hit $170 to $200 bn of revenue.

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