Reports say that 90% of IT employees and 70-80% of BPO firms have adopted work from home already and it’s unlikely that they will change post the lockdowns, at least in the short term IT spending in India is expected to drop by 4.5% compared to 2019 at a growth rate of 9.1%, according to the Worldwide Blac Book Live Edition, March 2020 report by the International Data Corporation (IDC).
The research firm expects most of this decline to come from the industry’s hardware segment. The IDC said that segment would drop by 4.1% due to the covid-19 pandemic, while the growth rate remains at 16.7% for hardware. “Growth of IT services is expected to be almost flat at 6.9% as enterprises look at maintaining the status quo on IT services and