No slowdown in tech spend in domestic market: IBM India’s Sandip Patel

Even as the information technology (IT) services space faces headwinds due to global macroeconomic uncertainty, the domestic IT spend story is very much intact, according to multinational technology major IBM.

“When you look at all the indicators — macro and micro — for India, we haven’t necessarily seen a slowdown here, especially in terms of the fundamentals of where the market is growing. In the domestic market, there is no slowdown,” Sandip Patel, managing director for IBM India and South Asia, told the media at the company’s flagship event IBM Think in Mumbai.