Investments worth $40 billion in the information technology sector in three years

The information and communications technology market in India is estimated to grow at a five-year compound annual growth rate (CAGR) of 20.3 per cent to reach $24.3 billion or nearly two per cent of the country’s gross domestic product (GDP) by 2011 .Indian firms are spending their budgets more on hardware and software than people. This is significant as Indian firms continue to build out their infrastructure. Indian enterprises will be investing heavily in bringing the base infrastructure, long underinvested, up to global standards to meet the growing needs of the business Almost all industries in India are seeing strong growth which, in an increasingly resource-constrained environment, and are trying to manage by rapidly improving their IT infrastructure.

US Players Planned Investments in Indian IT sector

Planned investment by major US players is as follows: Microsoft -US$1.7 billion over four years,Intel –US$ 1billion over five years,Cisco –US $1.1billion over three years.