India IT growth story to continue

By agencies   |   Friday, 30 December 2005, 08:00 Hrs
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NEW DELHI: According to a market research firm, India will continue to be the fastest growing domestic IT market in the Asia-Pacific region in 2006 with an estimated growth of 19 percent over 2005.

The firm stated, “The India domestic IT market is into a growth phase and 2005 witnessed huge traction. Coming out of a slowdown in 2003, the industry entered the next business cycle showing consistent growth in 2004 and 2005. The Indian domestic IT market is estimated to grow at 19 percent over 2005.”

It predicted that 2006 would see some of these key trends witnessing further traction and be governed by the underlying themes of mobility, convergence and infrastructure management. The company said, “The ecosystem in terms of PC adoption, broadband usage and increasing relevance of IT to small enterprises would further fuel growth and increasing integration of IT with business in enterprises would will drive depth.”

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