Indian IT spending up 17% in 2005

Domestic IT spending by Indian companies will increase by 17% in 2005, IDC says. PCs, servers and ERP applications are the top items in the buying list of the CIOs for the coming year with 32% and 23% of them respectively stating that they would invest the most on these items. Compared to the 2004’s 51%, only about 40% of the total IT spending will be on hardware in 2005.