Indian IT market to grow at 15.5 percent in 2010
By siliconindia news bureau
Monday,08 February 2010, 02:58 hrs
New Delhi: The Indian IT market is expected to return to a 'new normal'
after last year's turbulent economic environment, supported by financial
stability, investor confidence, government initiatives and a shift towards a
competitive and customer-oriented market structure. Springboard Research
predicts that Indian IT Market is set to grow at around 15.5 percent for the
year 2010.
Springboard observed a noticeable shift in enterprise IT spending from
focusing on new investments to streamlining costs and improving internal
efficiencies. "Organizations are likely to initiate new large?scale projects
that require significant IT infrastructure related investments," said Manish
Bahl, Research Manager at Springboard Research. "With the CIOs primarily
focused on allocating around 75 percent of their budgets to 'keep the lights
on,' there is great interest in cost-cutting measures."
According to Springboard's latest executive brief release, "India IT Market
Predictions 2010," Data center transformations, IT manageability
advancements, SaaS and virtualization investments are also helping companies
drive 'economies of scale' by reducing operational expenditures, both from
the business and IT perspective, while increasing productivity.
India is being undermined by serious caste and social problems. Maoist
terrorism is spreading and the Muslim threat continues.
Cormac.
"Cormac" <cormac....@gmail.com> wrote in message
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Cormac.
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Jai Maharaj, Jyotishi
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In article <4b74ea74$0$12445$bbae...@news.suddenlink.net>,
"harmony" <a...@hotmail.com> posted:
What difference would it make to you? You're a yank, not an Indian.