You would be forgiven for being led to believe that generative AI will change the world and it will do so right now. As it turns out, the world of Indian corporate IT spending will not be significantly changed by the groundbreaking technology, at least until 2025, according to Gartner.

But despite that, the Indian IT spending forecast looks quite rosy. Overall IT spending had shrunk by 0.5 per cent between 2022 and 2023, attributed to inflation pressure. The increasing adoption of digital technologies in the country will call for greater implementation of cloud services and IT services. This should mean that corporate spending on IT infrastructure is set to increase by 10.7 per cent in 2024, according to consultancy firm Gartner.