Tech spend in India to shrink by 4.8 per cent if COVID-19 lockdown extends beyond June: Report

NEW DELHI: If the lockdown continues beyond June, tech spending in India may contract by up to 4.8 per cent this year, with only a mild recovery to 1.4 per cent growth in 2021, a new report said on Friday.

The sudden sharp contraction and slow recovery will entail contraction across all tech spending categories in 2020 and make even slow growth in 2021 arduous, according to the report by global market research firm Forrester.