Domestic IT, ITeS market to soar in 2008 Economics Times, January 2, 2008: Indian domestic IT/ITeS market revenue is likely to touch Rs 1,10,000 crore in 2008, marking a 24 per cent growth, despite a decline in the IT spending worldwide, an industry study has indicated. For the domestic IT/ITeS sector, year 2008 would also mark the beginning of the second growth phase characterised by the opportunities arising out of leveraging the IT infrastructure built up, leading industry researcher, IDC India, said. "By posting a substantial jump in the domestic IT/ITeS market since 2002, the industry is now onto a new growth trajectory. IDC India expects a significant transition in the Indian IT market as part of the second growth phase", said Kapil Dev Singh, Country Manager, IDC India, said. Among the BRIC countries(Brazil, Russia, India and China), India's revenues would grow fastest at least till 2011, the study said. Back