Indian IT leans on govt spends, managed services as deals slow

Information Technology spending this year will likely fall as organisations trim investments in technology in the wake of the Covid-19 pandemic-led slowdown, analysts said.

IT advisory IDC estimates that domestic IT spending this fiscal year will decline 4.5% to $55.5 billion.

This will be on the back of a “double whammy of sharp fall in device shipments and organisations limiting investments for critical demand,” Shweta Baidya, senior research manager, IDC India, told ET.

In 2019, overall IT spending, including hardware, software and IT services, recorded more than 9% growth.

Read more

You may also like

More in IT

Comments are closed.