The Inquirer-Home
Green

Indian IT industry grew last year by 31 per cent

Crore blimey, have a dekko
By INQUIRER staff
Wed May 02 2007, 10:55
IDC SAID the Indian IT industry grew by 31 per cent in 2006 and will expand by 18 per cent CAGR for the next five years.

Revenues in 2006 amounted to RS 1,98,477 crore. A crore is 100 lakh. A lakh is 100,000. An arab is 10 crore.

So, according to IDC, by 2011 the IT industry in India will be worth a cool $100 billion (US billion).

Domestic spend in India in 2006 amounted to RS68,411 crore, a rise of 26 per cent over 2005, and driven by enterprise investment in IT infrastructure, business apps, security products and services, outsaucing and managed services, and by people buying record numbers of mobile phones and other digital products. µ

Share this:

< Previous article| Next article >
Comments

There are no comments submitted yet. Do you have an interesting opinion? Then be the first to post a comment.

aboutus
Advertisement
Subscribe to INQ newsletters
Click here to sign up Existing user
INQ White papers

Databases

Network management

Security

Service oriented architecture

Storage
Advertisement
INQ Jobs
INQ Poll

Authorities in several countries raided Megaupload recently, shut down all of its services, seized hundreds of servers and arrested several of its executives on criminal charges.

Do you think the move was justified?

View other polls
Follow us:
Business & Technology websites:
Business research resources:
Products:
Investment Market IT websites:
Find out what you are worth:
Search for a job:
Recruitment Agency A-Z Directory
Accreditations: