The US-based advisory and research firm Gartner Inc predicts that the Indian government will account for about 12-15 per cent of the total information technology spend in the country by 2005.
The government has spent $1.008 billion on IT in 2002 including hardware, software, telecom equipment, telecom services and IT services excluding salary costs of IT staff.
It accounted for nine per cent of the total IT spend last year, and emerged as the fourth largest vertical in IT spending in the country after telecom, manufacturing and banking and financial services verticals, the firm said.
The research firm also estimates that Indian ICT market will be the fastest growing in the world with 20 per cent growth rate in the current year followed by China at 15 per cent in the current year.
