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IT spending in India to grow 6.6% in 2020

IT research firm Gartner on Monday said that overall IT spending in India would grow 6.6% to reach US$ 94 billion in 2020, from US$ 88.5 billion in 2019 owing to the expenditure on software. However, the country’s domestic technology services market is likely to delay spending for digital transformation owing to slow growth. According to Arup Roy, vice-president, research, Gartner, “They (organisations in India) may delay those investments given the environment especially in the manufacturing sector because that is going through a very tough time, customer experience-related transformation initiatives can be put on hold or go slow. It will be harsh to say they are not going to put in money in transformation.”