According to ET, Indian multinational information technology company, Infosys co-founder Kris Gopalakrishnan has said the IT sector will hire nearly two lakh people however the industry will surely face challenges.
There will be hiring despite some concerns such as inflation and the impending US recession. He added the concern and comments on this while addressing the Bengaluru Tech Summit on Wednesday that the information technology sector will continue to grow as well as generate jobs.
Kris Gopalakrishnan added that the industry is overcoming challenges by returning to the office and opening smaller offices in Mysore, Mangaluru, Belgaum, and Hubli. So that the employees are closer to the office.
Kris Gopalakrishnan further said that while there might be ups and downs because the industry followed the global economy, it would be a short-term phenomenon. The IT industry would grow secularly because investments in digitization and technology would continue over the next several years.
“The Indian industry is expected to grow at 8-10% on a base of $220 billion revenue. The march of technology continues with Artificial Intelligence and Machine Learning, Blockchain, Web 3.0, Metaverse… this is the reason why I believe the industry will continue to grow,” he added.
Gopalakrishnan also lauded India’s unique model of public digital infrastructure and private entrepreneurship like Unified Payment Interface (UPI) and Open Network for Digital Commerce (ONDC).
Gopalakrishnan said that these are part of the blueprint for faster development and access to services for citizens in developing economies.