Oracle Cloud Infrastructure’s (OCI) India unit is aiming to grow in triple digits in the next few years, as a result of nation’s economic growth and rising spend of the middle class on technology.

Garrett IIg, president of Japan and Asia Pacific at Oracle said, “The Indian economy is forecast nearly 8% this year. It is by far above every other economy in the world. If you factor in the size of the economy and also the growth of the middle class, it’s getting wealthier.”

Oracle’s India business has been a robust growth engine for the company- with the OCI unit recording over 100% growth for the third consecutive year and the software-as-a-services (SaaS) business also significantly increasing over the previous two years.

The company views small and medium businesses, including startups, using its NetSuite, business resource planning, human capital management and data analytics products.

Oracle, US headquartered company identifies the financial sector, due to its competitive landscape, customer base and matured micro payments systems, as a huge opportunity for expansion, additionally with the public sector due to the push to reduce costs and extend efficient services.