India Information Technology Q2 2019
We have made positive revisions to India's IT spending forecast in the latest Q219 update owing to the latest trade dataand market developments. Our strong economic growth forecast for India foresees rapidly rising household incomes, providingexpansion opportunities for low-cost devices and solutions. Impediments to growth include demonetisation and the introduction ofa new Goods and Services Tax, with less-essential tablets hit hard in 2017/18. Servers and spending on cloud computing servicesand infrastructure will keep the market buoyant to a degree. We forecast IT spending to grow by 9.4% in 2019 to reach a value ofINR2.6trn.
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