According to a study, total business-to-business spending in India is expected to rise by 10.3 percent in 2022, with business spending growing three times faster than expectations from comparable peers in other countries in the third quarter of last year. According to the India Business Spend Indicator (IBSI) report by American Express, India, and Invest India in collaboration with the Centre for Business and Economic Research, total business-to-business (B2B) spending in India increased 9.4% year on year in Q3 2021. (CEBR). The report stated that India spending is increasing across nine key B2B categories and that "it is expected to rise by 10.3 percent in 2022." According to the study, which interviewed 500 financial decision-makers in India about how their business spending habits are changing, 74% of businesses expect to spend more on technology, and 72% plan to make more capital investments in 2022. "India saw the highest B2B spending growth compared to expectations of six other major economies," said Manoj Adlakha, SVP, and CEO of American Express Banking Corp, India. The total B2B spend in India is expected to increase by 10.3% this year compared to 2021." "This demonstrates that the Indian economy is very much in its bounce-back phase from the economic difficulties caused by the pandemic crisis," he said. The survey also reveals that some of the trends that emerged or accelerated during the pandemic, such as payments automation and new approaches to supply chain management are likely to persist, according to Adlakha. The trend includes the advantages of digital payments, which were cited by 59% of B2B sellers as the speed of payment and the ability to track spending, while 83% of eligible respondents stated that the government's 'Make in India' campaign has aided their business. Deepak Bagla, MD and CEO of Invest India, stated that the report seeks to improve understanding of the current state of B2B payments in the country and to highlight businesses' positive responses to major government policies.