Indian enterprise IT spending across all industries is expected to increase 16.4 per cent to Rs 1,91,000 crore in 2012.
According to technology research firm Gartner, some of this growth is attributed to the relative strength of the rupee against a weakened US dollar.
The spending was around Rs 1,64, 000 crore last year, and “growth is expected to be moderate through 2016 and settle in at the range of eight or nine percent,” the company said in a report.
“Indian IT providers continue to see strong growth, and there are more Indian companies in general taking a place on the global stage,” Ms Derry Finkeldey, principal research analyst at Gartner said in a statement.
“Government investment in the revamp of education is driving high growth in the relatively small education ICT market,” she said, adding that “the ICT market continues to outpace most markets in Asia/Pacific.
Strongest growth
Gartner believes that education segment is expected to achieve the strongest growth in 2012, where IT spending is forecast to grow 18 per cent in local currency. “The best growth opportunities in terms of actual total dollars will remain the government, financial services and large manufacturing sectors throughout the forecast period,” the company said.