The Zinnov study found that Operating costs for MNC R&D Centres in India declined by 6% in US$ terms in FY12.

Talking about the future of Cloud technology, Abhijit Varma, Director, Management Consulting, KPMG said that he expects hybrid Cloud to be the route that most companies will take in the medium term, during an interview at the recently held Computerworld India IT RoadMap 2012 event in Bangalore.

India's Deputy National Security Advisor Latha Reddy has called for increasing co-operation among government agencies as well between the government and private companies to deal with the increasing threats posed by cyber attacks.