Study says infotech investment ratio to GDP may remain flat
Technology refinement and digestion of networking computing innovations would result in a slow growth in the infotech sector and lower prices through 2008, according to a study.
The first decade of 2000 will be of refinement of the technological innovations of 1990s, Giga Research, a unit of Forrester Research, says in its findings.
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The report by research analyst Andrew Bartels states that during this period, the ratio of IT investment to the gross domestic product is likely to remain flat at best since it has already dropped sharply in 2001 and 2002.
This means, on an average, IT investment will grow at about the same rate of the overall economy that is about five to six per cent, given the current low inflation rates and prospects for real GDP growth.