Indian enterprise IT segment shielding overall spending power amid global disruption: Report

Indian IT (Information Technology) spending is expected to show resilience amid a weak economic scenario, global disruptions, and tumbling geopolitical conditions. The enterprise segment will foster the growth as the segment’s businesses are keen to keep the IT budget intact in the short term, analysts at International Data Corporation (IDC) said in a report. The IT spending in the country is expected to grow 13.8 per cent in 2022, albeit at a slower pace, as compared to previous year, albeit at a slower pace, as compared to 25.3 per cent in the previous year.