Hotline: 1800 102 2007
Hotline: 1800 102 2007
Search Business Opportunities
2009-10-14

SMEs give boost to IT

According to a research conducted by IDC, the IT industry in India has got a boost due to the fierce employment of technology by small and medium businesses (SMBs) in the country. The industry is expe

SMEs give boost to IT

According to a research conducted by IDC, the IT industry in India has got a boost due to the fierce employment of technology by small and medium businesses (SMBs) in the country. The industry is expected to reach $37.6 billion by 2013.

 

Spending on IT in India will reach $22.6 billion by 2009-end, and is expected to grow 11.8 % till 2013, when IT as a percentage of gross domestic product (GDP) would increase from 1.8 % to 2.3 %.

 

The IT market will drive the creation of nearly 7,000 new businesses and 3.24 lakh new jobs between 2009 and 2013. The growth in the new companies would be led by small and medium sized locally owned organizations, the study said.

 

In 2009, spending on packaged software will be 12% of the total IT spending in 2009 and 45% of spending would be on IT employment that will be software-related.

Related opportunities
  • Bakery & Confectionary
    About Us: Franchise Partners Invited..A Fast Growing Bakery Chain!! “Sin Bakes and..
    Locations looking for expansion Delhi
    Establishment year 2018
    Franchising Launch Date 2019
    Investment size Rs. 10lac - 20lac
    Space required 110
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Delhi Delhi
  • About Us: Join hands with Podar Jumbo Kids today and attain high..
    Locations looking for expansion Maharashtra
    Establishment year 2000
    Franchising Launch Date 2000
    Investment size Rs. 10lac - 20lac
    Space required 2000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
  • Pharmacies
    About Us: |Reliable, Experienced, Trusted pharma product provider| The most trusted name..
    Locations looking for expansion New Delhi
    Establishment year 2006
    Franchising Launch Date 2015
    Investment size Rs. 10lac - 20lac
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater New Delhi New Delhi
  • Industrial Blowers
    About Us: Yash Enterprises is a recognized manufacturer, supplier, and trader..
    Locations looking for expansion Haryana
    Establishment year 1998
    Franchising Launch Date 2019
    Investment size
    Space required 500
    Franchise Outlets -NA-
    Franchise Type -NA-
    Headquater Faridabad Haryana
Insta-Subscribe to
The Franchising World
Magazine
tfw-80x109
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
email
mobile
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities

Free Advice - Ask Our Experts

pincode
ads ads ads ads