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Indian SMEs are expected to increase cloud adoption at a CAGR of 20% by 2016 led by increasing penetration of technology, the report by EY and Assocham said.

May 02, 2014 8:29 IST | India Infoline News Service
Indian SMEs are expected to increase cloud adoption at a CAGR of 20% by 2016 led by increasing penetration of technology, the report by EY and Assocham said. (BS)

Fiscal deficit for 2013-14 is likely to be around 4.5% of the GDP, marginally lower than 4.6% that was mentioned in the interim budget for FY15, a senior Finance Ministry official said. (ET)

India's economic growth is likely to accelerate to 6% in the current financial year from below 5% expansion registered in the previous two years, Finance Minister said. (BS)

Consumer confidence level in India jumped six points in the first quarter of the current fiscal, the highest optimism level since the fourth quarter of 2012, says a Nielsen global survey. (BS)

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