Indian IT spends seen at $71.5 b in 2012

IT spending in India is projected to total $71.5 billion in 2013, a 7.7 per cent increase from the $66.4 billion forecasted for 2012, said a Gartner report.

“India like other emerging markets continues exercising strong momentum despite inflationary pressures and appreciation of local currencies, which are expected in rising economies,” Gartner Senior Vice-President and Global Head of Research Peter Sondergaard said.

The telecommunications market is the largest IT segment in India with spending forecasted to reach $47.8 billion in 2013, followed by the IT services market with spending of $10.3billion.

“The hardware segment will account for 14.1 per cent of all IT spending in India by 2016, driven by positive contributions from the storage and the client computing segment, “Gartner India Head of Research Partha Iyengar said.