India
Of course, comparing Ukraine to a country that is 6 times bigger in a territory and has a 30 times larger population is rather awkward. Since, frankly speaking, they are uncomparable. While Ukrainian IT shows $3.6 billion revenue, India rocks the world with $150 billion, holding the 1st place in the Global Services Location Index with its enormous talent pool of young specialists
Being a significant contributor to the country's economy, IT makes up about 8% of India's GDP. important growth driver, it contributed 7-8% to India's GDP. Indian IT is known for cost-effective outsourcing services that helped change India's economy and it's perception by the global community, that can be seen from the country's 56% share in the overview of outsourcing services
Ukraine
After a sudden and rather massive boom of the tech industry, Ukraine became well-known for one of the most promising IT markets in Europe. Concentrating mainly on the outsourcing services, the country has shown $3.6 billion revenue in 2017, which is 20% more than in 2016, and 3,34% of Ukrainian GDP. Analysts expect this figure to reach to $4.5 billion in 2018.
The latest IT industry survey has shown that Ukraine currently has over 130k IT specialists with expertise in fintech, healthcare, gaming, automating, manufacturing, managing, IoT, and AR/VR software. The number of ambitious young Ukrainians that decide to take up IT as a career is growing each year. As shown by the survey, by 2025, Ukraine will have nearly 250k tech specialists.
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