APAC Tech Mkt Slow; But India Inches Ahead In 2013

CIOs in India can start to get ready for a slightly higher pace of tech buying than was appropriate during India's slowdown in 2011 and 2012, finds Forrester Research.

July 16, 2013 / 12:05 IST

Asia Pacific’s growth rate of 4.3 percent in 2013 in local currency terms is hampered by slowing growth in China and India but offset by improvements in Australia, Japan, and South Korea, according to Forrester Research's latest global ICT spending forecast. The report projects a sharp drop in the value of the yen against the US dollar — a side effect or, perhaps, an intended main result of Abenomics — means that the Asia Pacific tech market will actually decline by 3.2 percent when measured in US dollars.

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first published: Jul 16, 2013 11:52 am

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