‘IT spending budgets to dip to 5.52% from 13%’

The Indian IT budget is expected to grow at a modest 5.52 per cent,Gartner India research head said.

Written by Agencies | Mumbai | Published:February 19, 2009 4:25 pm

The information technology (IT) spending budgets by companies in India for calender year 2009 will fall sharply to 5.52 per cent from 13 per cent reported in 2008,according to a study by research firm Gartner.

The Indian IT budget is expected to grow at a modest 5.52 per cent,Gartner India research head Partha Iyengar said in a statement in Mumbai on Thursday.

“The majority of this budget – up to 60 per cent – will be used to run day-to-day operations of the business while 23 per cent will be utilised to grow the business and 19 per cent to transform the business,” he said.

Gartner,an IT research and advisory firm,conducted a worldwide survey of 1,527 Chief Information Officers (CIOs) from September 15 to December 15 on their budget plans.

The survey represents more than USD 138 billion in corporate and public-sector IT spending encompassing 1,527 enterprises across 48 countries and 30 industries.

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