Gartner Sees Indian Tech Mart Topping Heap
The Indian information, communication and technology (ICT) market will emerge as the fastest growing market globally by lapping China, according to a study by IT research firm Gartner.
While the domestic market is expected to grow by 25-30 per cent, the overall IT services growth rate for India, including exports, would be around 21.7 per cent.
China, on the other hand, is expected to record a lower growth rate of around 18.2 per cent, according to Gartner.
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Hardware unit growth in India is also predicted to touch 10 per cent, making the country one of the fastest growing markets in unit terms worldwide.
Says Partha Iyengar, vice-president and research director, applications development & IT services, Gartner India: