Sweden to emerge as potential market for Indian IT sector: Nasscom
Nasscoms report said that Sweden being one of the highest spenders on IT among the Nordic counties could emerge as a key market for the Indian IT companies.
Key highlights:
- Sweden has been identified as the country with 40% of the total share of the Nordic IT spends
- Sweden's IT spends $23 billion in 2016-17
- The Nordic countries are also ranked 2nd in innovation globally
Sweden is set to become a key destination for the Indian IT companies. Sweden has been identified as the country with 40% ($23 billion in 2016-17) of the total share of the Nordic IT spends, according to a Nasscom Research and Business Sweden and Radar Ecosystem report.
The National Association of Software and Services Companies (NASSCOM) along with Business Sweden stated that Nordic countries consistently rank among the most business-friendly nations in the world, apart from having a higher GDP growth compared to the European Union average. The Nordic countries are also ranked 2nd in innovation globally.
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