IT Spending of Indian Enterprises in 2012 Likely 
1,910 Billion: Gartner
New Delhi: The IT spending of Indian enterprises is likely to touch 
1,910 billion in 2012, a 16.4 percent increase from 2011 spending of 1,640 billion, driven by investment by government and manufacturing sectors, technology research firm Gartner said.
The government spending is expected to increase 349 billion in 2012 from 302 billion in 2011, while manufacturing and natural resources will hike it to 386 billion against 334 billion during the period under review.
"Indian IT providers continue to experience strong growth, and there are more Indian companies in general taking a place on the global stage," said Derry Finkeldey, principal research analyst at Gartner.
"There are currently 25 Indian companies in the Fortune 500, and there is a corresponding uptake of information and communications (ICT) technologies in the domestic market, as organisations seek globally competitive practices," he added.
According to Finkeldey, government investment in the revamp of education is driving high growth in the relatively small education ICT market.
The education segment is expected to achieve the strongest growth in percentage terms in 2012, where IT spending is forecast to grow 18 percent in local currency.
Source: IANS
1,910 billion in 2012, a 16.4 percent increase from 2011 spending of 1,640 billion, driven by investment by government and manufacturing sectors, technology research firm Gartner said.
The government spending is expected to increase 349 billion in 2012 from 302 billion in 2011, while manufacturing and natural resources will hike it to 386 billion against 334 billion during the period under review.
"Indian IT providers continue to experience strong growth, and there are more Indian companies in general taking a place on the global stage," said Derry Finkeldey, principal research analyst at Gartner.
"There are currently 25 Indian companies in the Fortune 500, and there is a corresponding uptake of information and communications (ICT) technologies in the domestic market, as organisations seek globally competitive practices," he added.
According to Finkeldey, government investment in the revamp of education is driving high growth in the relatively small education ICT market.
The education segment is expected to achieve the strongest growth in percentage terms in 2012, where IT spending is forecast to grow 18 percent in local currency.
