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India It Spending to Rise 14 Percent in 2010, Gartner Says


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Information technology spending in India will grow by 14 percent in 2010 to $67 billion on higher investments by retail and utility firms and government departments, research firm Gartner said on Wednesday (April 28).

The IT market in India, including computer hardware, software, IT services and telecoms, will post a compounded annual growth rate of 11 percent from 2009 and rise to about $89 billion in 2013, it said.

"As IT buyers expand and mature and consumers increasingly understand the benefits of IT, acceptance of technology will increase, leading to further IT market growth," Gartner said.

From Reuters
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