News: On November 15 2013 China-based technology company Lenovo announced the launch of its new Yoga Tablet. The move is aimed at increasing the company's market share. The tablet has been ergonomically designed and is priced between INR22, 999 (US$366.91) and INR28,999 (US$462.50).
BMI View: India's IT market has a bright medium-term outlook, making it one the leading emerging markets. We forecast Indian IT spending will increase 14.4% to INR1,077bn in 2013, with strong growth in hardware, software and services sales. Hardware is a particularly large opportunity, with regionally low PC penetration, declining device costs, rising incomes and government procurement initiatives combining to provide an engine for sales growth.