India IT spending to dip 8% in 2020 amid Covid-19 pandemic, says Gartner

Gartner expects spending on devices and data centre systems in India to see their steepest declines in 2020, at -15.1 per cent and -13.2 per cent, respectively.

Information technology (IT) spending in India will see a decline of 8.1 per cent in 2020, the first such fall in the past five years, forecast research firm Gartner. The spend is expected to total $83.5 billion. In 2016, IT spending in India had seen a decline of 1.6 per cent. The spend in that year stood at $67.74 billion. “The fear of a global recession due to the Covid-19 pandemic is forcing CIOs (chief information officers) in India to be very cautious on IT spending this year,” said Naveen Mishra, senior research director at Gartner. “CIOs are reprioritising IT