Rising IT budgets fuelling growth

Rising IT budgets of sectors like media,publishing and entertainment are fuelling growth of the information technology industry,according to a top official of software development company HCL Technologies. Basic industries that are undergoing transformation are the sectors where we are seeing increasing IT spend and that is fuelling growth. Media,publishing and entertainment is undergoing a transformation. So is it with healthcare and insurance, HCL Technologies chief executive officer Vineet Nayar told reporters on the sidelines of a NASSCOM summit here. PTI