India’s Tech Spending To Grow 8% In 2024, Highest In APAC: Forrester Research

Over the next few years, software spending will continue its rapid growth, followed by spending on IT services, communications equipment and computer equipment.

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India’s domestic tech economy continues to enjoy strong growth due to an all-round digitisation push from the central and state governments. In 2024, the country’s tech spending growth is expected to be 8% and estimated to reach Rs 4,492 billion (approximately $54.5 billion), according to a recent report by research and advisory firm Forrester.

Also Read: Emerging Technologies Like Gen AI To Propel India's Economic Transformation: EY Report

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