Mar. 27 – A report by Indian Brokerage Firm Angel Broking states that Indian IT outsourcers have doubled their share in total worldwide IT spending over the past six years. Furthermore, the larger Indian IT companies have performed better than other global players in the same period.
In 2007, India’s IT companies accounted for US$31 billion, or 4.8 percent of the worldwide IT spending of US$641 billion. This year, it is estimated to have risen to US$77 billion, or 9.8 percent of the global total IT spending of US$785 billion.
The report also finds that the Indian outsourcers’ share in the total revenues of the top 13 global IT companies rose from 7.7 percent in 2007 to 14.3 percent in 2012. Meanwhile, the share of non-Indian IT multi-national corporation’s dropped from 92.3 percent to 85.7 percent.