The Indian BFSI sector is expected to spend USD 3.5 billion on IT by FY 2014, as per a study by market research firm Zinnov. This indicates IT spend in the vertical growing at a CAGR of 13 percent. The study further states that the BFSI vertical contributes 11.1 per cent to the overall domestic IT spend of USD 30.4. Click here for full story
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