India's ICT Market Projected to Reach $75 Billion by FY29

India's ICT market, valued at US$43 billion in FY24, is expected to grow to US$75 billion (approximately ₹7 lakh crore) by FY29 due to AI and cloud adoption.

Rashi Peripherals, a major distributor, reported that its Personal Computing and Enterprise Solutions vertical accounts for 66.3% of its total revenue.

In Q1FY27, Rashi acquired a majority stake in VDA Infosolutions, a firm that generated ₹850 crore in FY26, to expand its high-margin data center service offerings.