IT sector likely to get a booster shot as firms plan to spend more - Business Standard

IT spending is expected to get a further boost as a majority of the clients would reprioritise spending to strengthen digital capabilities

Topics
IT sector | IT companies | information technology

Samreen Ahmad  |  Bengaluru 

Last Updated at December 4, 2020 06:05 IST

Having been able to brave pandemic-triggered business challenges to a large extent, Indian IT and IT-enabled services (ITeS) sector is staring at a favourable business environment.

According to a report by industry body Nasscom, IT spending is expected to get a further boost as a majority of the clients would reprioritise spending to strengthen digital capabilities and cloud migration apart from increasing the overall IT budget. According to the report, titled Future of Technology Services – Navigating the New Normal, 87 per cent of the client chief investment officers (CIOs) ...

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First Published: Fri, December 04 2020. 06:05 IST

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December 04, 2020 at 07:35AM
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IT sector likely to get a booster shot as firms plan to spend more - Business Standard

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