Indian IT industry will add two lakh jobs in the near term: Infosys cofounder Kris Gopalakrishnan

“The Indian IT industry is expected to grow at 8-10% on a base of $220 billion dollars in revenue. The march of technology continues with AI/ML, blockchain, web 3.0, metaverse… this is the reason why I believe the industry will continue to grow,” Gopalakrishnan said while speaking at the 25th edition of Bengaluru Tech Summit.

He said the industry will grow secularly as the companies are overcoming challenges like return to office by opening smaller offices in Mysore, Mangaluru, Belgium and Hubli.

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) saying it is the blueprint for faster development and access to services to citizens in developing economies.

He also pressed for policy interventions in areas of shared databases and data privacy and protection to “spur” innovation across the country.

The three-day summit kicked off on Wednesday. It will witness nine memorandums of understanding (MoUs) being signed and the launch of over 20 products. It will host more than 575 exhibitors, and startups from 16 states are participating.

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