Indian IT companies double market share in 6 years

Indian IT outsourcers have more than doubled their share in total worldwide IT spends over the past six years, and the bigger Indian IT companies have outpaced their MNC counterparts over this period. India IT companies accounted for $31 billion, or 4.8%, of the worldwide IT spending of $641 billion in 2006-07. This year, it is estimated to be $77 billion, or 9.8%, of the global spending of $785 billion, according to research by brokerage firm Angel Broking.

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