India IT spending is forecast to grow 6.3 percent to $110.6 billion in 2022, the latest Gartner news report said.
Inflation, geo-political disruption and talent shortages are not expected to slow down IT investments in India.
In India, the forecast has been revised from the earlier estimate of $105.2 billion, primarily due to the growth in devices in 2021.
“In 2022, along with devices, Indian CIOs and business leaders will continue to increase their spending towards analytics, artificial intelligence, machine learning, customer experience and cloud,” said Naveen Mishra, senior research director at Gartner.
Indian CIOs are contemplating to restructure their existing IT vendor engagement programs with an eye on co-creation of solutions in close partnership with their providers and newer contracting models.
The spending on IT services in India is likely to reach $19.7 billion in 2022 — an 8.6 per cent growth from last year.
The increasing cost of talent will be one of the major growth drivers in the country.
Gartner also said worldwide IT spending is projected to total $4.4 trillion in 2022, an increase of 4 percent from 2021.