India IT spending to fall 8% this year due to Covid-19, first fall in 5 yrs

Devices and data centre systems may see steepest spending declines, at -15.1% and -13.2%, respectively

Information technology (IT) spending in India is likely to decline by 8.1 per cent in 2020 due to Covid-19, the first such fall in the past five years, forecast research firm Gartner. 

The spend is expected to total $83.5 billion. “The fear of a global economic recession due to the Covid-19 pandemic is forcing CIOs (chief information officers) in India to be very cautious on their IT spending this year,” said Naveen Mishra, senior research director at Gartner. “In partnership with their CFOs, CIOs in India are reprioritizing their IT budgets on mission critical initiatives.”

In order to adhere to the continued