The average cost to hire a software developer in India ranges from $20 to $70 per hour, influenced by factors such as the developer's experience, location, hiring model, and project complexity. The Indian software market is projected to grow significantly, reaching $9.41 billion by 2024, driven by advancements in technology and high demand for outsourcing. Businesses looking to hire software developers must carefully consider these factors to manage costs effectively and ensure they find the right talent for their project needs.