Published on 16 Aug 2022 on Insider Monkey via Yahoo Finance
10 Indian Tech Stocks that Pay Dividends
In this article, we discuss 10 Indian tech stocks that pay dividends. You can skip our detailed analysis of India's tech industry and dividend investment strategy, and go directly to read 5 Indian Tech Stocks that Pay Dividends.
The tech industry in India is thriving. According to Bloomberg, the industry contributes nearly 9% to the national GDP, coming through as the most important economic sector. In addition to this, The National Association of Software and Service Companies mentioned that India’s tech sector revenue will reach $227 billion this year, up from $103 billion in 2021.
After the pandemic, many high-profile tech companies in India launched their IPOs and also raised a record amount of capital from private equity firms. According to a report published by CNBC, private equity investments in India reached $28.2 billion this year, up 200% from last year. Rajan Anandan, managing director at Sequoia Capital India, said that the Indian tech ecosystem is growing steadily and the analyst expects several promising IPOs in 2022 as well. This shows that global investors are eyeing the region for future investments. Moreover, some well-established tech companies that offer dividends are more enticing to shareholders, especially during periods of market volatility.