NEW DELHI – Even though the number of global brands are still gloomy and not increasing, India’s IT spending are roaring up. In a recent report, the International Data Corporation (IDC) has stated about this growth and has estimated that India’s IT spending will reach $44.8 billion by the end of 2014.
Jaideep Mehta, Country General Manager of IDC India stated that, “We see rapid growth in three growth vectors: emerging Tier II and III cities, emerging segments such as the upper mid-market, and emerging verticals such as education and healthcare,” reports CXO Today.
The economic downfall in the U.S. and other major European countries in the last few years had a huge impact on the economic conditions of the Asian Pacific countries. Due to these downfalls, the Indian investment sector tasted a rough and weaker phase.
However, after the U.S. economic condition started reforming and the FDI leaderships got recreated in the earlier part of 2013, India’s economic stability started gaining a better shape.
