THE Indian IT services industry could see a recovery during the last three months of 2009 or early 2010, according to S Gopalakrishnan, chief executive officer of Infosys, which is India’s second biggest software firm.
Speaking to reporters on the sidelines of the ongoing TiE summit, Mr Gopalakrishnan said that current slowdown in the global economy “has only seen a dip in the business volumes of the IT industry.”
The prospects of the industry look bright as there are numerous opportunities, with offshoring being a credible strategy, he added.
Earlier participating in a discussion, the Infosys chief executive said that despite the slowdown, the industry will benefit from such conditions, as demonstrated during past recessions.
Providing statistics, he said the global technology industry is estimated at around $800 billion and “India’s share is only 5% giving it enough room for growth.”
The prospects of the industry look bright as there are numerous opportunities, with offshoring being a credible strategy, he added.
Earlier participating in a discussion, the Infosys chief executive said that despite the slowdown, the industry will benefit from such conditions, as demonstrated during past recessions.
Providing statistics, he said the global technology industry is estimated at around $800 billion and “India’s share is only 5% giving it enough room for growth.”
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