IDC sees India’s IT spending drop by 4.5 pc in 2020 amid COVID-19 pandemic

NEW DELHI: India’s domestic IT spending on hardware, software and services is expected to drop by 4.5 per cent in 2020 impacted by the coronavirus pandemic, according to research firm IDC.

The forecast decline compares with 2019 growth rate of 9.1 per cent as per IDC’s Worldwide Black Book Live Edition, March 2020.

IDC said the hardware segment will contribute the most to this decline.