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

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
  • Mobile & Communication/Internet Connections
    About Us: Rocking Deals is the ultimate destination for deal-savvy buyers..
    Locations looking for expansion Delhi
    Establishment year 2017
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Car wash / Ceramic Coating / Detailing
    About Us: WASH4SURE is Brand Name of Pragun Services Pvt. Ltd. ..
    Locations looking for expansion Maharashtra
    Establishment year 2017
    Franchising Launch Date 2018
    Investment size Rs. 50 K - 2lac
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater pune Maharashtra
  • Competitive Exam Coaching Institute
    Career Power - The best opportunity you have to become..
    Locations looking for expansion New Delhi
    Establishment year 2010
    Franchising Launch Date 2014
    Investment size Rs. 10lac - 20lac
    Space required 1500
    Franchise Outlets 50-100
    Franchise Type Unit
    Headquater Delhi New Delhi
  • Other Online Education
    About Us :  Study Adda provides a unique interactive educational..
    Locations looking for expansion Maharashtra
    Establishment year 2017
    Franchising Launch Date 2018
    Investment size Rs. 50 K - 2lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
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