Research firm Gartner Inc said on Thursday that while there would be occasional backlash on outsourcing towards Indian IT companies, no long-term damage was anticipated due to these "temporary anomalies".
Bob Hayward, senior vice president, Gartner APAC told reporters that India's information and communication technologies or ICT market would be the "fastest growing" in the world.
"The growth rate this year will be better than last year...the domestic ICT market will be the fastest growing in the world, even faster than China," he said but added that while India would sport larger growth rate on smaller base, bigger markets like China were growing on a larger base.
The Indian domestic market would grow in the backdrop of demand coming from infrastructure spending in terms of hardware and networking.
He, however, did not comment on the quantum of growth for the Indian IT industry.
On the software and services exports front, Hayward said the export growth would be "good" and "in double digits".