IT spending in India expected to grow 8% in 2021: Gartner report

15 Jul 2021 CW Team

According to a report by Gartner, information technology (IT) spending in India is expected to grow at 8% to $92.7 billion in 2021.

Gartner said that the increase at 8% is a shade less than the world average of 8.6%, adding that global spending on information technology is expected to come at $4.2 trillion.

In India, the overall IT spending growth decreased to 1.5% to $85.865 billion in 2020, probably hit by the ongoing pandemic.

According to Gartner's report, in 2021, enterprise software will be the most significant growth area, and growth in spends is anticipated to be maintained at 16.9% to $9.218 billion.

The analysts estimated that after a de-growth of 5.9% in 2020, the largest spend category of devices will notice a 7.6% growth to $38.747 billion in 2021.

IT services will record a 10.7% growth to $18.103 billion in 2021, as compared to a 3% growth in 2020.

After an 11.4% de-growth in 2020, spending on data center systems is expected to increase by 3.4% to $2.706 billion in 2021, while the growth in communications services will slow down to 4.3% to $23.979 billion, as compared to a 10.9% increase in 2020.

Senior research director at Gartner, Naveen Mishra, said that the second wave of the pandemic has brought a notable sluggishness during most of the second quarter of 2021. However, demand is observing a speedy recovery across the majority of the sectors.

As per the estimates, IT spending is anticipated to grow 6.4% to $98.645 billion in 2022.

Image Source

Also read: Jharkhand govt approves Industrial and Investment Policy 2021

Also read: Consumer digital economy of India to reach $800 bn by 2030: RedSeer

Infrastructure Urban

09 Jan 2026

Mount Invests Rs 250 Cr, Adds PUF & PEB Plants, 400+ Jobs

TUMKUR, Karnataka, January 8, 2025 - Mount Roofing & Structures Private Limited, one of India's fastest-growing manufacturers in PUF and a leading solutions provider across Pre-Engineered Building (PEB) and Polycarbonate sheets, simultaneously inaugurated its second fully automated continuous Sandwich Panel manufacturing line and a new PEB manufacturing plant at its integrated campus in Tumkur." The milestone expansion, part of a total investment of INR 250 crores, marks a significant advancement in the company's commitment to engineered performance, manu..

Titan Intech Strengthens UltraLED Push With Global LED Veteran

Titan Intech has announced the induction of global LED industry veteran Su Piow Ko to its Board of Directors, marking a strategic step in strengthening its UltraLED Displays roadmap and building globally competitive LED display solutions from India.The appointment aligns with Titan Intech’s ambition to position India as a hub for advanced, high-quality LED display manufacturing. With an increased focus on UltraLED Displays, the company aims to enhance technical governance, raise manufacturing standards and expand its presence across global markets.Su Piow Ko brings over three decades of inte..

Dun & Bradstreet Flags New Growth Engines in India 2026 Outlook

Dun & Bradstreet has released its India 2026: D&B’s Perspective report, projecting a stable macroeconomic environment underpinned by fresh opportunities for productivity-led and inclusive growth. The report outlines how India’s next growth phase will be driven by digitised logistics, trusted data ecosystems, clean energy and rising city vitality.According to the outlook, India’s GDP growth is expected to reach around 6.6 per cent by FY2027, supported by resilient consumer demand and sustained public investment. Manufacturing is seen entering a new phase, moving beyond scale towar..