Indian IT spending to grow modestly, says research firm

  • Even with the looming tensions of global inflation and the weakening rupee, Indian businesses will continue to increase their spending in key segments of information technology in 2023. Garner, the technology consultancy, forecasts India IT spending to grow by 2.6%, down from 5.1% in its previous forecast.
  • “The headwinds are in favour of technology as businesses realized how going digital can benefit them in the long run. Depending upon the maturity level of the digital enterprise, the spending context may be different for different businesses, but overall technology spending will continue to be on the rise in 2023,” according to Gartner.
  • More than 95% of Indian organisations plan to increase digital transformation spending or keep at the same level in 2023, according to the International Data Corporation

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