India, China to Drive IT Spending Till 2010

From ZDNet India:

"Buoyed by increased demand in China and India, IT spending in the Asia-Pacific region, excluding Japan, will grow by 52 percent to reach US$162.5 billion by 2010, says IDC."

"This year, IDC expects IT spending in the Asia-Pacific region to grow at 8.9 percent to hit US$116.7 billion. China alone, will account for 41 percent of all 2006 incremental growths, with India making up 24 percent.

During a Web conference held for journalists, Gary Koch, IDC Asia-Pacific's associate vice president of vertical research, said: "Over the next five years, [IT markets in] China and India will continue to grow in importance."