The sector may not touch the 30-40 per cent growth rates it witnessed before the slowdown, but an register above 20 per cent growth as it nears calendar year 2011, says Partha Iyengar, regional research head and Vice President, Gartner India.
Indian information technology vendors may be missing an unfolding opportunity in the current American recession, Gartner India, the research firm, has warned.
Captive centres set up by multinational corporations in India are posing a serious threat to the domestic outsourcing companies.
Indian information and communication technology spending will surpass $ 54.8 billion by 2008 against $29.5 billion in 2004.
Gartner is of the opinion that Indian IT industry will not suffer a slowdown, even in face of US recession.
Global research firm Gartner Inc expects an increase in travel to and from India, mirroring the growth trajectory of the country's information technology and business process outsourcing segments.
Gartner India Research and Advisory Services Pvt Ltd, a subsidiary of Gartner Inc, is talking with five state governments to provide IT consultancy services and advices for the states' Citizen to Government Initiatives.
India to be 2nd largest IT market in APAC by 2019: Gartner
It's the second time Nasscom has projected single-digit growth in a decade.
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