MUMBAI, INDIA: Information technology spending in India will grow by 14 percent in 2010 to $67 billion on higher investments by retail and utility firms and government departments, research firm Gartner said on Wednesday.

The IT market in India, including computer hardware, software, IT services and telecoms, will rise to about $89 billion in 2013, posting a compounded annual growth rate of 11 percent from 2009, it said.

"As IT buyers expand and mature and consumers increasingly understand the benefits of IT, acceptance of technology will increase, leading to further IT market growth," Gartner said in a statement.

India's leading outsourcing firms such as Tata Consultancy Services and Infosys Technologies as well as their global rivals IBM and Accenture are increasingly focusing on deals in India on rising investments.

(As a reader do you see India's IT sector bouncing back to a high growth trajectory in the immediate future? Please key in your comments in the box below.)