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India software revenue to touch $5.8 billion in 2017: Gartner

The computer software and hardware vertical had a FDI inflow of $5.9 billion during the period from April 2015 to March 2016

BS Web Team & Agencies  |  Mumbai 

India software revenue is forecast to total $5.8 billion in 2017, a 12.8% increase from 2016 estimates of $5.2 billion, according to Gartner, Inc.

This is in comparison to Gartner's forecast for 2017 global spending for enterprise software will be $357 billion in constant US dollars, with growth of 7.2% over 2016. On Wednesday, Software industry lobby National Association of Software and Services Companies (Nasscom) also revised the information technology (IT) sector’s growth forecast downwards to 8-10% this year, as its biggest members such as Tata Consultancy ...

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First Published: Thu, November 17 2016. 19:55 IST
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