IBM finds silver lining despite slowdown: ‘Telcos’ IT investments intact, auto companies may slow pace’

Bengaluru: Telecom companies will likely continue investing in IT, while automakers may show some pullback as they grapple with a slowing economy, a senior IBM executive said.
As India’s economic growth slows, experts have been concerned that it would also affect the country’s IT market, which was projected to reach a little over $89 billion at the end of the year.
“The telecom sector has to invest in technologies which are not seen earlier; we can call some of them as network virtualisation. Because, if that is not done, irrespective of the business cycle, they would not be able to bring the productivity and operational efficiencies,” Kamal Singhani, managing partner, Global Business Services, IBM India/South Asia, told ET in an interview.