Sweden poised to become key destination for Indian IT: report

Sweden has a significant focus on digitisation with its government's 'Digital First' strategy

Sweden has the potential to emerge as a market for Indian IT services industry, said a joint report by Nasscom, Business Sweden and Radar Ecosystem.

The IT industry lobby, Nasscom, said that the Nordic country has the highest GDP of $550 billion and been identified to have 40 per cent ($23 billion in 2016-17) share of the Nordic region IT spend.

Sweden, the country which is home to companies such as Truecaller, Candy Crush, Skype and Spotify, has a significant focus on digitisation with its government's "Digital First" strategy.

The report, Sweden a key driver of Nordic ICT growth, noted