The country's IT spending is expected to slacken this year, growing at an annual 14.1 per cent, down from 18.1 per cent recorded in 2008 due to the economic climate.

Springboard Research in its brief titled 'India IT Market Predictions 2009' said, IT spending in verticals will be hardest hit, while the advent of 3G and a protected financial system will help sustain growth in the telecom and banking/finance verticals respectively.

How is your company coping with the economic downturn? What do you think of this forecast?

Source: http://thehindubusinessline.com/blnus/15011521.htm