India's IT Spending

IT spending in India is projected to total $108.5 billion in 2023, while global IT spending is projected to total $4.6 trillion in 2023, an increase of 5.5 per cent from 2022, a new report showed

Despite strong global headwinds, Indian IT spending is expected to grow by 13.8 per cent this year, down from 25.3 per cent in 2021, an IDC report said on Thursday

Indian IT spend is expected to maintain robust 7.7 per cent growth in 2022 as compared to 2021 growth rate of 21.2 per cent

The government's spending on information and technology will grow 12.1 per cent to USD 9.5 billion in 2022, an analyst firm estimated on Monday.

Indian government organizations, both local and national, will increase spending on all segments of IT in 2022, except for telecom services, the research firm said.

IT spending in India is projected to total $93 billion in 2021, an increase of 7.3 per cent from 2020, according to research firm Gartner

Spending fell 2.7% in 2020 with focus only on 'mission-critical' tech & services during early stages of pandemic; worldwide spending pegged at $3.9 trillion in 2021, up 6.2%

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Outsourcing deals are either going to be renewed at a lower price or they will be delayed, say experts.

Gartner expects spending on devices and data centre systems in India to see their steepest declines in 2020, at -15.1 per cent and -13.2 per cent, respectively.

Devices and data centre systems may see steepest spending declines, at -15.1% and -13.2%, respectively

After a decline of 1.5% in 2018, spends on communication services are also expected to improve

The domestic spending in 2017 grew at a slower pace of 10.3 per cent as against the forecast of 12.9 per cent growth, impacted by demonetisation and GST rollout