Jan 032014
Last Updated on 03/01/2014
India is expected to lead the world in the realm of technology spending growth between 2012 and 2016.
According to BCG (Boston Consulting Group), Holding the #1 global ranking for growth requires spending overall to jump from $30 billion (US) in 2012 to $150 billion (US). The same report from BCG predicts that India will also see the total dollar amount of online purchases increase from $8 billion (US) in 2012 to $50 billion (US) in 2016.
It is clear where the market action going to be and, consequently, where companies looking for growth should set up shop. Conventional wisdom would tell any growth-seeking company to go where the market is expanding.
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