The orientation of enterprises during the current pandemic to ensure future growth and innovation is driving up spending on information and communication technology (ICT). India, whose economy is second only to China and the United States in terms of GDP, is forecast to grow by 10% this year to $ 91 billion. This forecast is given by analysts IDC, adding that growth will continue in the coming years, so that in 2024, ICT spending in India will reach $ 111 billion.
The experts on reports and forecasts note that the revival of economic activity, coupled with the revival of consumer demand, played a key role in the acceleration of growth. In these conditions, enterprises have shifted their focus to accelerating the transition to digital technologies. They were helped in a timely manner by actions by the Indian government, such as recent initiatives to stimulate local production and modernize infrastructure to remove bottlenecks in the supply chain.
In terms of sectoral verticals, education is expected to show the fastest growth in 2021, maintaining its focus on the hybrid learning model spread during the pandemic. And in terms of the absolute value of expenditures, the banking and telecommunications industries will remain the leaders. They will account for about 14% of all ICT spending this year.
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