Connect with us

Business

Government of India’s IT spending to increase 9.4% in 2021, report says

Avatar

Published

on


NEW DELHI: The Indian government’s IT spending is expected to grow 9.4% year-over-year (year-over-year) to $ 7.3 billion in 2021, Gartner Inc said in its latest forecast for India.

The increase in spending will be driven by various digital initiatives in India, including the very first digital census ever scheduled for this year. During the presentation of the Union budget for 2021-2022, the Minister of Finance Nirmala Sitharaman announced an allocation of Rs3,768 crore for the digital census.

Read also | India Inc prepares to return to the office

Gartner forecast that government spending on software, which includes industry-specific applications, infrastructure and software, is expected to grow at an even higher rate of 13.4 percent per year. Spending on devices will increase 11.8%, followed by IT services, which is expected to increase 11.2%. Spending on data centers, telecom services and internal services will see single-digit growth, with an expected year-over-year increase of 7.8%, 6.3% and 5.7%, respectively.

Due to the covid-19 epidemic, Indian governments’ digital transformation plans were ruled out in 2020. The government will shift from prudent spending to opening the tax floodgates in 2021, “said Apeksha Kaushik, analyst senior researcher at Gartner.

Wider adoption of artificial intelligence (AI), cloud services and blockchain will be the main focus areas of the Indian government in 2021.

Kaushik points out that the weakening economy has forced the Indian government to cut IT spending across all segments. “

Government IT spending in 2020 declined across all segments. For example, spending on devices fell 20.1%, internal services fell 10.9%, data centers fell 10%. Overall, government IT spending in 2020 fell 9.9%.

Compared with India, global IT spending by other governments in 2021 is expected to grow 5.1% annually to a total of $ 482.8 million. Globally, spending on software services is expected to grow 9.2%, while investment in other verticals hovers around 5%. The only exception is internal services, which are expected to decline by 2.4%.

The pandemic has exposed weaknesses in the ability of government organizations to respond quickly, scale and secure essential services, ”said Irma Fabular, senior research director at Gartner.

Fabular emphasizes that governments are innovating at a faster pace by adopting commercially available technology solutions for operational and mission critical needs.

According to NASSCOM estimates, India’s IT sector is expected to post 2.3% revenue growth to reach $ 194 billion in FY21.

To subscribe to Mint newsletters

* Enter a valid email address

* Thank you for subscribing to our newsletter.

What Are The Main Benefits Of Comparing Car Insurance Quotes Online

LOS ANGELES, CA / ACCESSWIRE / June 24, 2020, / Compare-autoinsurance.Org has launched a new blog post that presents the main benefits of comparing multiple car insurance quotes. For more info and free online quotes, please visit https://compare-autoinsurance.Org/the-advantages-of-comparing-prices-with-car-insurance-quotes-online/ The modern society has numerous technological advantages. One important advantage is the speed at which information is sent and received. With the help of the internet, the shopping habits of many persons have drastically changed. The car insurance industry hasn't remained untouched by these changes. On the internet, drivers can compare insurance prices and find out which sellers have the best offers. View photos The advantages of comparing online car insurance quotes are the following: Online quotes can be obtained from anywhere and at any time. Unlike physical insurance agencies, websites don't have a specific schedule and they are available at any time. Drivers that have busy working schedules, can compare quotes from anywhere and at any time, even at midnight. Multiple choices. Almost all insurance providers, no matter if they are well-known brands or just local insurers, have an online presence. Online quotes will allow policyholders the chance to discover multiple insurance companies and check their prices. Drivers are no longer required to get quotes from just a few known insurance companies. Also, local and regional insurers can provide lower insurance rates for the same services. Accurate insurance estimates. Online quotes can only be accurate if the customers provide accurate and real info about their car models and driving history. Lying about past driving incidents can make the price estimates to be lower, but when dealing with an insurance company lying to them is useless. Usually, insurance companies will do research about a potential customer before granting him coverage. Online quotes can be sorted easily. Although drivers are recommended to not choose a policy just based on its price, drivers can easily sort quotes by insurance price. Using brokerage websites will allow drivers to get quotes from multiple insurers, thus making the comparison faster and easier. For additional info, money-saving tips, and free car insurance quotes, visit https://compare-autoinsurance.Org/ Compare-autoinsurance.Org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc. "Online quotes can easily help drivers obtain better car insurance deals. All they have to do is to complete an online form with accurate and real info, then compare prices", said Russell Rabichev, Marketing Director of Internet Marketing Company. CONTACT: Company Name: Internet Marketing CompanyPerson for contact Name: Gurgu CPhone Number: (818) 359-3898Email: [email protected]: https://compare-autoinsurance.Org/ SOURCE: Compare-autoinsurance.Org View source version on accesswire.Com:https://www.Accesswire.Com/595055/What-Are-The-Main-Benefits-Of-Comparing-Car-Insurance-Quotes-Online View photos



picture credit

ExBUlletin

to request, modification Contact us at Here or [email protected]