Press Trust of India / New Delhi Feb 08, 2010, 22:07 IST
The Indian IT market is set to grow at around 15.5 per cent in 2010, backed by financial stability, growing investor confidence and favourable initiatives taken by the government, says a study.
According to a study by Springboard Research, the market is expected to return to a new normal after last year's turbulent economic environment.
This growth will be supported by financial stability, investor confidence and government initiatives, Springboard said in a statement.
"Organisations are likely to initiate new large scale projects that require significant IT infrastructure-related investments," Springboard Research Research Manager Manish Bahl said.
The study also observed a noticeable shift in enterprise IT spending from focusing on new investments to streamlining costs and improving internal efficiencies.
Springboard said the recent global economic and financial crisis has provided an impetus to Indian companies to be more productive.
The IT industry body Nasscom had also earlier this month projected that the Indian IT-BPO exports will increase by 13-15 per cent in 2010-11.
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