India Enterprise IT Spending To Reach Rs. 1,910 Billion In 2012: Manufacturing And communication Industry To Drive The Growth

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Manufacturing and Communication Industry is expected to drive the overall growth in the years to come. Sectors like Education, Healthcare, wholesale Trade are still sprouting. The expenditure by the Indian IT enterprise is expected to reach 1,910 billion rupees in 2012. There would be a study increase of 16.4 % from 2011 to 2012 as per Gartner Inc.

Below is a tabular representation of  Enterprise IT Investing by Vertical Market in India (In billions of Indian Rupees) as per Gartner May 2012:

Enterprise IT Spending by Vertical Market in India

Expense of (Manufacturing & Natural Resources) and (Communication, Media & Services):

There is an anticipation of 2611 billion from the leading investors, Manufacturing & Natural Resources industry from 2011 to 2016. Followed by it, the Communication, Media & Services industry is expected to invest 2423 billion from 2011 to 2016. The expenditure of (Manufacturing & Natural Resources) and (Communication, Media & Services) is anticipated to be 386 billion and 361 billion in 2012 respectively.

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Derry Finkeldey, principal research analyst at Gartner said:

“Indian IT providers continue to experience strong growth and there are more Indian companies in general taking a place on the global stage. There are currently 25 Indian companies in the Fortune 500, and there is a corresponding uptake of information and communications (ICT) technologies in the domestic market, as organizations seek globally competitive practices.”

Expense of Government and the Banking & Securities sector:

However, there is also a high investment of the Government and the Banking & Securities sector. A sum of 2401 billion and 2043 billion is expected to be spent by the Government and Banking & Securities sector in India respectively.The next highest increase in expenditure is expected in 2016 of 9.83% ( not exact due to rounding). The expenditure of (Government) and (Banking & Securities sector) is anticipated to be 349 billion and 298 billion in 2012 respectively.

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