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PR Title:	Indian Start-ups and MNC subsidiaries, with strong support from a fast-growing domestic market, will drive India's innovation growth: Zinnov Study
PR Summary:	IT spend in India is poised to grow to over USD 50 Bn in the next 5 years, which presents a huge local untapped market for software MNCs. The Indian Government has earmarked USD 9 billion for investment in IT initiatives over the next five years; 12% Y-o-Y rise in IT spending allocation to States.

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