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Gartner Sees Indian Tech Mart Topping Heap

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Our Corporate Bureau BUSINESS STANDARD

The Indian information, communication and technology (ICT) market will emerge as the fastest growing market globally by lapping China, according to a study by IT research firm Gartner.

While the domestic market is expected to grow by 25-30 per cent, the overall IT services growth rate for India, including exports, would be around 21.7 per cent.

China, on the other hand, is expected to record a lower growth rate of around 18.2 per cent, according to Gartner.

Hardware unit growth in India is also predicted to touch 10 per cent, making the country one of the fastest growing markets in unit terms worldwide.

 

Says Partha Iyengar, vice-president and research director, applications development & IT services, Gartner India:

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First Published: Jan 21 2003 | 12:00 AM IST

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