India Information Technology Q3 2018
Our strong economic growth forecast for India foresees rapidly rising household incomes, posing expansionopportunities for low-cost devices and solutions. Impediments to growth include demonetisation and the introduction of a newGoods and Services Tax (GST), with less-essential tablets hit hard in 2017. Servers and spending on cloud computing services andinfrastructure will keep the market buoyant, to a degree. We forecast IT spending CAGR of 7.2% over 2018-2022 to exceedINR3.12trn.
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