Led by a sharp rise in software spending, technology spending in India will grow by 12 percent in 2018, Forrester’s latest India tech market outlook said on Tuesday.
Software spending is likely to be about 11 percent of the country’s tech spending in 2018.
While it is usually 20 percent or more in developed economies, this category will continue to rise at a significantly higher rate than overall Indian tech growth in the coming years, the report added.
“While demonetisation and the fast-tracked implementation of GST slowed growth in 2017, the government is now in a better position to drive reforms and the Indian economy is expected to recover its lost momentum and do progressively better in 2018 and 2019,” said Ashutosh Sharma, Vice President, Research Director and author of the report.
