India Information Technology Q4 2018
We have made positive revisions to the India IT spending forecast in the latest Q418 update owing to latest trade dataand market developments. Our strong economic growth forecast for India foresees rapidly rising household incomes, posingexpansion opportunities for low-cost devices and solutions. Impediments to growth include demonetisation and the introduction ofa new Goods and Services Tax (GST), with less-essential tablets hit hard in 2017. Servers and spending on cloud computing servicesand infrastructure will keep the market buoyant, to a degree. We forecast IT spending CAGR of 7.4% over 2018-2022 toexceed INR3.14trn.