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Press Release   •   Feb 19, 2016 10:28 IST

Very encouraging news for Indian IT Services comes from Gartner, the leading global provider of independent and objective technology related research and advice. According to Gartner, the information technology research and advisory company providing technology related insight, Indian IT services market is forecast to reach $10.2 billion (approximately Rs. 53,000 crore) in 2013, a 12 per cent increase from an estimated $9.1 billion in 2012.

Their study also reveals that despite facing a slowdown in the past two years, the rate of growth of India IT services sector remains relatively high. Although it is fact that India's GDP growth has slowed in the past year because of global economic challenges, the growth fundamentals are on relatively solid footing, driven primarily by growing domestic consumption. Increasing e-governance projects in the government sector such as Unique Identification Authority of India, and Accelerated Power development and Reforms Programs, are to be viewed on a positive note, which is going to benefit the Indian IT sector in a big way in the coming days.

Takers for IT services in government and private sectors in India are increasing rapidly and demand includes the enterprise solution software applications. As the ERP applications are becoming essential for efficiency and transparency of business process, shying away from this service could be a big setback for businesses in the long run. For details:http://goo.gl/Gtjfnb