As per the latest report by Gartner, spending in the Indian IT industry is well slated to rise by 14% in the year 2010. The report further highlights the fact that the increase in spends will rise riding on the back of factors like higher investments by retail and utility firms and government departments. The research firm explained in a statement that during the course of time, the Indian IT industry will mature as more and more consumer will understand the importance of technology.

Moreover, it is widely believed that as the consumer acceptance will increase it will automatically lead to taking the IT industry on to new level of growth. Be it home-grown companies like Tata Consultancy Services, Infosys Technologies or multinationals like Accenture and IBM, almost all the IT giants are increasingly focusing on deals in India on rising investments.

Experts are of a view that the IT market in the domestic circuit will rise to about $89 billion in 2013, posting a compounded annual growth rate of 11 percent from 2009.

Notably, the target of $89 billion is expected to comprise of revenues generated from segments like including computer hardware, software, IT services and telecoms.