Indian SMBs to increase IT spend by 26%

By agencies   |   Thursday, 23 February 2006, 20:30 IST
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KOLKATA: Indian small and medium business (SMB) enterprises would increase IT spend by 26 percent during the current year, a study by U.S. based AMI-Partners said. In its new study, the research firm said SMBs in India would spend $7.7 billion on IT solutions during the current year, reflecting a 26 percent rise over the last year. The study said one-third of the Indian SMBs were hiking their expenditure on IT solutions since they were anticipating about 20 percent hike in their annual revenues during the year. AMI-Partners said more medium business houses in India were now in the second wave of IT adoption, while several progressive firms were competing with large firms in terms of IT usage. With the Indian economy poised for a big growth, networking was now emerging as a primary focus area for the SMBs.

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