According to a press report, IT spend in India is expected to grow 9.4% to $73.3 billion in 2015, up from $67 billion forecast for this calendar year, backed by higher spending in areas such as cloud, mobile, social and big data technologies.
The report also noted that according to research company Gartner, the share of India in the global pie may also increase, making it the third-largest IT market in the Asia-Pacific by 2016 and seeing it occupy the second spot by 2018.
Investors interested in investing in infotech stocks can take a look at the views presented by Morningstar's equity analysts on three IT stocks.
Wipro
TCS
Infosys
