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Sri Lanka Information Technology Q3 2018

Sri Lanka Information Technology Q3 2018

BMI View:

We envisage sustained strong growth in IT spending in Sri Lanka over the medium term, a view that is based on thecombination of a strong economic outlook and the relatively low level of IT adoption by firms and consumers that creates theconditions for faster 'catch-up' growth as the economy converges towards emerging and developed markets. Another area of rapiddevelopment is the domestic IT industry where domestic demand and Sri Lanka's position as an outsourcing centre means thereare multiple growth engines.

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