India`s spend on security could reach $1 bn by 2019: ASSOCHAM-Mahindra SSG study

India’s expenditure only on security could reach $1 billion (bn) by 2019 assuming if Centre spends even 10 per cent of its budget of $1 bn allocated for AMRUT (Atal Mission for Rejuvenation and Urban Transformation) and Smart Cities Mission, according to a recent ASSOCHAM-Mahindra SSG joint study.

“India needs to at least $4 bn in public-private partnership (PPP) mode to address cybercrime related challenges at both individual and organisational levels including cyber sexual harassment, cyber bullying, information theft, defacing website, inflicting servers with viruses and others,” noted the study titled ‘New Age Crime’ conducted by The Associated Chambers of Commerce and Industry of India (ASSOCHAM) jointly with Mahindra SSG.