Gartner lowers Indian government IT spending to $7.8 billion in 2017

By: |
New Delhi | June 01, 2017 8:40 PM

The Indian government is expected to spend $ 7.8 billion (over Rs 50,263 crore) on IT in 2017, an increase of 7.5 percent over last year, research firm Gartner today said.

Indian government, IT, Gartner, modi government, narendra modi, IT services, ERP, CRMIT services is expected to grow 10.8 per cent in 2017 to reach $ 2 billion, making it the largest spend category. (PTI)

The Indian government is expected to spend $ 7.8 billion (over Rs 50,263 crore) on IT in 2017, an increase of 7.5 percent over last year, research firm Gartner today said. This is, however, lower than Gartner’s previous projection of 9.5 percent growth this year.  “The 2 percent revision in our outlook is primarily due to the effects of demonetization and a drop in industrial production,” Gartner Principal Research Analyst, Moutusi Sau, said in a statement. Sau said that spending plans like affordable housing scheme, and increased loans to small and medium enterprises by the government, however, are likely to have a positive effect on IT spending in the next few quarters.

You may also like to watch:

IT services (consulting, software support, business process outsourcing, IT outsourcing, implementation, and hardware support) is expected to grow 10.8 percent in 2017 to reach$ 2 billion, making it the largest spend category.

The software segment — which includes enterprise resource planning (ERP), customer relationship management (CRM) and others — is forecast to grow 10.8 percent in 2017 to reach $ 1.1 billion$. Devices category of printers, mobile devices and PCs is expected to grow 10.4 percent to reach $ 1.1 billion.

Get live Stock Prices from BSE, NSE, US Market and latest NAV, portfolio of Mutual Funds, Check out latest IPO News, Best Performing IPOs, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Financial Express is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates.

Next Stories
1RBI proposes uniform regulatory framework for microfinance sector
2B2B marketplace Flipkart Wholesale sees 3x jump in e-commerce adoption among kiranas in H1 2021
3ADQ in talks to infuse $400-500mn in Flipkart: sources