Oracle, which provides a range of technology-led services to various enterprises and government bodies, competes with the likes of IBM, Microsoft and Google in India.
Strong growth in total software spending will be driven by enterprise application software which is forecast to grow 17 per cent in 2020
The total IT/ITeS export of the country is estimated at $108 billion during the financial year 2015-16
The computer software and hardware vertical had a FDI inflow of $5.9 billion during the period from April 2015 to March 2016