The Wipro-Capco deal would help Indian IT companies break into the big consulting league dominated by McKinsey and Bain & Co. They will now own the entire lifecycle—from consulting to building the technology architecture.
Read more about Indian IT has competitive advantage in employee talent: Nasscom president on Business Standard. How industry uses access to technology will matter in a democratic system, says Debjani Ghosh
In the past, Indian IT could not take advantage of domestic opportunity and digital divide kept widening, the Prime Minister also said. The PM was addressing the NASSCOM Technology and Leadership Forum.
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India s information technology spending is expected to reach $88.8 billion in 2021, an increase of 6.8 per cent from last year, according research firm Gartner. In 2020, India IT spending fell 2.7 per cent as chief information officers prioritized spending on technology and services that were deemed “mission-critical” during the initial stages of the pandemic. Gartner further forecast worldwide IT spending would be $3.9 trillion in 2021, an increase of 6.2 per cent from 2020, largely due to the increased speed of digital transformation last year to satisfy remote working, education and new social norms. “In 2021, CIOs have to fast track their digital projects to get the necessary attention and funding from the board,” said Naveen Mishra, senior research director at Gartner. “Digital initiatives directly related with improving customer engagement and supported with a shorter ROI (return on investment) window will be prioritised in the current economic environment. Imp