Gartner sees India’s IT spending outpacing global growth in 2021

Pune: India’s IT spending is projected to grow 6.8% over the last year to $88.8 billion in 2021, according to the latest forecast by Gartner Inc. That’s faster than the 6.2% year-on-year growth that the global research and advisory firm has forecast for worldwide IT spending.

Indian IT spending fell 2.7% in 2020, as companies prioritised spending on ‘mission-critical’ technology and services in the initial stages of the Covid-19 pandemic.

“In 2021, CIOs have to fast-track their digital projects to get the necessary attention and funding from the board,” said Naveen Mishra, senior research director at Gartner. “Digital initiatives directly related to improving customer engagement and supported with a shorter ROI window will be prioritised in the current economic environment. Improving demand scenario across select verticals in India will spur the overall IT spending in 2021.”