Thursday 24 September 2015

Free stock tips : Indian govt's IT spending to reach $6.88 bn in '15 24 Sep, 2015

Free stock tips & updates - Spending by government of india on IT sector products & services is estimated to grow 5.2 per-cent to USD 6.88 billion (nearly Rs 45,402 Cr.) present year, Gartner said today. The forecast, which takes into account spending on internal services, data centre, devices, software, IT services & telecom services, comprises spending by state & local governments & national government.

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The investments in the 'Digital India' initiative, led by a focus to permit access of government services on mobile devices (part of the mobile government), extension on broadband & planning for smart cities, will be a stimulus for Indian governments ICT initiatives, Gupta said.

IT services (including consulting, IT outsourcing, implementation & business process outsourcing) are estimated to grow 10 per-cent in 2015 to reach US Dollars 1.6 billion with the BPO sub-segment growing by 21 per-cent.

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