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Inside the Indian IT budget
While an increase in the IT budget for FY2006-07 in the average range of around Rs 1.54 crore is interesting, more heartening is the increase in the number of organisations which have reported a close alignment of business goals with IT.
Infrastructure Strategies (IS) 2006 is a survey done by IMRB for Network Magazine to analyse trends on IT spending across the country. The sample size covered was 600 IT - Heads across the country. This survey turned up some interesting trends.
While an increase in the IT budget for FY2006-07 in the average range of around Rs 1.54 crore is interesting, more heartening is the increase in the number of organisations which have reported a close alignment of business goals with IT.
About 41 percent of the surveyed organisations believe that their business goals and IT are very closely aligned.
With another 44 percent of organisations having their business goals closely aligned with IT, it is safe to say that India Inc has finally risen up to international standards on the use of IT as a highly effective business enabler.
FMCG/consumer durables (58 percent) and IT/ITeS (53 percent) lead the pack when it comes to very close alignment of IT with business among the surveyed organisation.
A booming economy has translated into significant growth plans for these five verticals.
Foreign investments are at an all-time-high as organisations are branching out of India to set up subsidiaries or all-new operations.
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