Telecoms and Technology Report India 1st Quarter
The Economist Intelligence Unit, January 2013, Pages: 12
India's information-technology (IT) industry is forecast to grow in 2013-17, with spending rising by an average of 17.5% a year in US dollar terms. By 2017, IT expenditure is forecast to reach almost US$94bn, equivalent to 2.3% of GDP.
The government is striving to connect India's vast rural population, as well as its own district offices, to the telecommunications network. Mobile-phone operators will continue to expand rapidly into rural India.
In the medium term, the Economist Intelligence Unit expects Indian IT firms to continue to shift up the value chain, diversifying away from lower-value business-process outsourcing (BPO) and to embrace higher-value subsectors, such as IT consultancy, engineering offshoring and knowledge-process outsourcing. In the long term, firms will also expand strongly into the areas of research and development (R&D) and new-technology development.
Industry List: Hardware, Telecoms and Technology, Internet, Telecoms and Technology, Software, Telecoms and Technology, Telecoms and Technology, Telecoms, Telecoms and Technology
Industry Codes (NAIC): 517
Industry Codes (SIC): 48
Telecoms and Technology Report India 1st Quarter
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