IT spending in India to grow at 16.3% to $43 bn: IDC

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Agencies: New Delhi, Jul 23 2012, 16:29 IST

witnessed tremendous growth (more than 23 per cent) in IT spending and the trend is expected to continue, it added.

"Market driven policies pertaining to e-Governance, financial inclusion and youth-driven entrepreneurship are enabling rural development.

"Sector driven policies in the areas of infrastructure, anufacturing and retail have steered industry growth.

Political initiatives are increasingly driving demand for IT hardware," Sharma said.

The report said investments on emerging technologies like social media, cloud, mobility and big data are also on the rise.

"Although at a nascent stage of adoption, Indian enterprises have started leveraging social technologies externally for customer engagement and internally to promote team collaboration and knowledge sharing," IDC India Senior Analyst (Consulting Group) Pavan Magge said.

There is large demand for SaaS based applications among large enterprises and enterprise mobility is also at the top in terms of organisation focus and investments, he added.

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