Indian software and IT services market is valued at around Rs 57,200 crore
With recession in the
Mumbai-based TCS and Bangalore-based
With sectors such as government, energy and utilities, telecom, banking and finance stepping up their IT spending, the domestic market has become attractive for firms that have until now focused beyond Indian borders. Customers in the
According to a late 2008 report by research firm Gartner Inc., the Indian IT software and services segment, excluding business process outsourcing, is expected to grow at an annual pace of almost 20% to touch $13.2 billion by 2012.
TCS earns around $500 million (Rs 2,500 crore), or nearly 8% of its total revenue, from Indian clients. "We have a base of key clients and solutions portfolio. We have made investments and have people, business and clients. We will accelerate all of this," a TCS spokesperson said in an emailed response.
Source: Mint
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