HomeNewsTechnologyIndian BFSI Cos To Spend USD 3.5 billion on IT by 2014

Indian BFSI Cos To Spend USD 3.5 billion on IT by 2014

According to a study by market research firm Zinnov, driven by the rapid adoption of IT services due to growing business requirements, IT spend in the BFSI vertical will grow a CAGR of 13 percent.

June 14, 2012 / 17:25 IST
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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

first published: Jun 14, 2012 05:06 pm

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