IT investment growth to dip in FY 09

New Delhi: The growing in information engineering investing in the state is expected to dunk across all sectors in 2008-09 except in pharmaceuticals and biotech, according to a survey.

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Bucking the trend, drug company and biotech sectors, however, are expected to put about a one-fifth More than their IT investings in 2007-08, said the study by marketplace research company, IDC India.

It said growing in investings in the public utilities sector is expected to decelerate down from 30 per cent in 2007-08 to 10 per cent in the current year.

The survey, conducted among 211 big IT user companies in India, revealed that they spent 27 per cent more on IT in 2007-08 as compared to 2006-07.

However, IT pass by these companies is likely to worsen this twelvemonth as the study anticipates it to turn by 22 per cent as against 27 per cent last year.

It said IT investings in the retail sector grew the peak at 43 per cent last twelvemonth with a retail player's norm pass at Rs 7.4 crore.

The sector, however, went for off-the-shelf packaged software system system rather than customised software, the study said.

Traditional big IT Spenders like banking, fiscal services and telecom remained on top in footing of absolute pass in 2007-08 with the norm pass per company in telecom and BFSI sector touching Rs 191.6 crore and Rs 87.5 crore respectively.

The peak IT pass as a per centum of overall grosses was reported by the BFSI sector that invested 1.5 per cent compared to the overall industry norm IT pass of 0.63 per cent, the federal agency said.

The public utilities sector led in footing of IT pass per employee, with a budget of Rs 83,000 per employee, much above the overall industry norm of Rs 36,000 per employee.

Hardware, that accounted for 43 per cent of the IT budget of these companies in 2007-08, will marginally worsen to 41.6 per cent in the current year. However, share of bundle software system in the overall IT budget will hover around the same degree of 26 per cent.

Retail, still a nascent industry in India, is going for standard software system system in a large manner and spent 38 per cent of its IT budget on bundle software. It will go on to take the growing in 2008-09 as well, with a projection of 36 per cent. BFSI will enter 2nd peak growing at 27 per cent, the study added.