Indian IT sector set to grow in 2013 by 15-18 percent

The information technology (IT) industry in India has grown steadily in the past few years and the trend is likely to continue in the year 2013. According to an estimate by technology consulting company Zinnov Management, the IT sector in the country is expected to grow at a rate of 15-18 percent this year. The growth will be backed by an increasing number of companies, both large as well as small & medium-sized businesses (SMBs), deploying IT networks for their operations. According to Zinnov, over 5,000 big firms and more than 10 million SMBs in India plan to use IT in future.

The growth of the IT market will also boost the software industry, which is facing cuts in spending by their clients in the United States and Europe. Zinnov’s report states that “While the IT exports market is getting a mixed feedback, the Indian domestic IT market holds significant potential as we enter 2013.” Gartner has also reported a positive outlook for India’s domestic IT industry. It has forecast that the sector will grow from $9.1 billion in 2012 to $10.2 billion in 2013.

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