India's IT spending to rise by 11%: Gartner

WORLDWIDE IT SPENDING is projected to reach $5.61 trillion in 2025, reflecting a 9.8% increase from 2024, according to Gartner's latest forecast.

- PADMINI DHRUVARAJ

WORLDWIDE IT SPENDING is projected to reach $5.61 trillion in 2025, reflecting a 9.8% increase from 2024, according to Gartner's latest forecast. In India, IT spending is expected to grow by 11.1%, reaching $161.51 billion in the same period.

However, despite the rise in budgets for CIOs, much of the increase is likely to be absorbed by escalating costs, impacting actual IT spending.

"While budgets for CIOs are increasing, a significant portion will merely offset price increases within their recurrent spending," said John-David Lovelock, distinguished VP analyst at Gartner. "This means that, in 2025, nominal spending versus real IT spending will be skewed, with price hikes absorbing some or all of budget growth. All major categories are reflecting higher-than-expected prices, prompting CIOs to defer and scale back their true budget expectations."