The Indian’s Information Technology will show a strong resilience in spite of the current economic climate with spending the projected to grow 14.1 percent in this year. The Indian Information Technology market will not be as severely affected by the downturn as economies in North America, Europe and Asia-Pacific markets including Japan and Korea. The Information Technology in India will still expand by 14.1 percent in 2009. At a lower rate than the 18.1 percent growth it clocked last year, the research firm predicted. In Information Technology budgets, verticals such as retails and real estate. The Springboard noted that while the telecommunications will see some of the growth form the anticipated arrival of the 3G.
India is expected to conduct its first 3G spectrum auction after a series of delays. The country’s cabinet said a ministerial panel is currently looking to resolve a several related issues such as deciding on the base auction price. In an e-mail interview, the SPringboards research manager Manish Bahl said that the next big push for the country’s telecommunication sector hence. The Information Technology market will come from the expeditious introduction of the 3G services.
The effects of the delay may not be as severe since the two state-owned services providers that had received the mandate to launch 3G services. The other dominant private service providers such as the Bharti Airtel and Reliance have IPTV ready platforms and are likely to focus on the infrastructure services including the servers and storage. To offer IPTV, the launch of 3G services will allow the operators. This will open up a new avenues for the India’s Information Technology players to ride out the economic storm.
To bolster economic growth, the initiatives increased spending on public security and national defense as well as the Information Technology players to ride out the economic storm.With the economic crisis expected to further worsen, they will see Information Technology spending affected in India although it is not same degree as in North America, Europe and other Asia-Pacific markets such as Japan, Australia and Korea. The analyst explained that while the U.S and European regions are already matures markets. The India is still a growing economy, the country has seen accelerated GDP or the Growth Domestic Product, growth of some 6 to 7 percent since 2000, compared to the United States growth of less than 3 percent.
The Indian economy is expected to register a moderate growth of 5.5 to 6 percent. The decreased Information Technology spending of major economies such as the US and Europe, this is also prompted the attention of the global domestic Information Technology vendors to develop solutions suiting the needs of the Indian companies. In the state-level will continue to drive growth across India with the projects aiming to modernize and streamline central and local governments, hospital and social services. In rural areas with more government funded projects being rolled out. There will be adequate opportunities for Information Technology vendors in 2009. The local enterprise will focus more on the core business in a bid to build specialization. This will increase the dependence on the technology to reduce operational expenditure. Outsourcing growth grow faster and faster, it helps the growth of the economy and industry.
REFERENCE:
http://www.xing.com/net/xinghyderabad/what-s-new-in-hyderabad-265082/india-will-still-enjoy-it-growth-this-year-17976815/
http://www.zdnetasia.com/india-will-still-enjoy-it-growth-this-year-62050573.htm
http://www.zdnetasia.com/india-will-still-enjoy-it-growth-this-year-62050573.htm
