BENGALURU: IT spending in India will total $83.5 billion in 2020, a decline of 8.1%, showed latest forecast by research firm, Gartner.
Though firms have often witnessed a fall globally, this is the first time in the past five years that the country's IT spending will drop. “The fear of a global economic recession due to the covid-19 pandemic is forcing chief information officers (CIOs) in India to be very cautious on their IT spending this year," said Naveen Mishra, senior research director at Gartner. “In partnership with their CIOs in India are reprioritising their IT budgets on mission critical initiatives," Mishra said.