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Sanjay Gupta, Google India MD, said that while 500 million people are connected on smartphones.

Gupta, who is also the Chairman of the Internet and Mobile Association of India (IAMAI), said that while 500 million people are connected on smartphones, there are another 500 million people waiting to join the digital bandwagon, and that we need to take a more inclusive approach to digital transformation.

"Those who are on the outside of digital transformation risk being left behind. Startups and the digital ecosystem will truly transform India's digital economy, taking it from $250 billion to a $1 trillion industry and accounting for more than half of the country's development over the next five years "he stated emphatically.

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India's IT spending is expected to reach $101.8 billion in 2022, up 7% from the previous year.

Driven by a surge in digital transformation owing to the pandemic, the IT spending in India is forecast to total $101.8 billion in 2022, an increase of 7 per cent from 2021, global market research firm Gartner said on Wednesday.

In 2022, all segments of IT spending in India are expected to grow, with software emerging as the highest growing segment.

Spending on software is forecast to total $10.5 billion in 2022, up 14.4 per cent from 2021.

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While experiencing a slower growth rate than 2021, spending on software in 2022 is forecast to be nearly double of what it was pre-pandemic.

"India has experienced one of the fastest recoveries despite being one of the worst hit regions in the second wave of the pandemic in early 2021," said Arup Roy, research vice president at Gartner.

As hybrid work adoption increases in the country, there will be an uptick in spending on devices in 2022, reaching $44 billion, an increase of 7.5 per cent from 2021.

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Digitization and business investment in digital infrastructure have increased as a result of Covid. Pixabay

More than 60 percent of digital leaders in Asia-Pacific believe there will be long-term changes to where and how people work within their organization, according to a new study by global digital infrastructure company Equinix. The studies surveyed 2,600 IT decision-makers from diverse enterprises across 26 countries in the Americas, Asia-Pacific, and EMEA regions on the biggest technology trends affecting businesses worldwide and the impact of the Covid-19 pandemic on digital infrastructure plans.

The findings showed that 57 percent of businesses have rearchitected their IT infrastructure to meet new remote and hybrid working demands, with tech budgets increasing to accelerate digital transformation. More than half (60 percent) of the companies still intend to expand into new regions, countries, or metros, despite the disruption experienced as a result of Covid.

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