Mumbai: Wipro Founder-Chairman Azim Prem Ji He believes that the Indian IT industry’s revenue will grow in double digits in the current financial year.
During the pandemic, which saw lockdown measures to contain the spread of the virus, the information technology industry has kept the world moving and also adapted to the changes, Premji said while speaking at an event of the Bombay Chartered Accountants Society on Tuesday evening. . .
According to NASSCOM, the revenue of the IT industry was $194 billion in FY21. The lobby group stopped giving topline growth estimates a few years back.
Companies will start reporting their first quarter financial results from Thursday.
“This financial year (FY 22), I would not be surprised if the industry grows in very good double digits,” Premji said, noting that despite the pandemic, the industry grew by 2-3 per cent and 1.58 lakh new Jobs added. Net basis in FY21.
He said that within weeks of the start of the pandemic, the IT industry shifted to work from home and more than 90 percent of the workforce is still working on projects remotely.
The ‘hybrid model’, where people partially work from home or from offices, presents a huge competitive advantage, Premji said while speaking about the model which is being touted as the future of work.
He said that the hybrid model is very inclusive, with advantages such as ensuring better participation from all parts of the country and giving women the flexibility to pursue their careers.
“We have to work together to find the optimum balance and optimum approach so that we can strengthen India as the skill center of the world,” he said.
Premji said the IT industry is well positioned to drive the next phase of India’s growth, and will contribute significantly in achieving the ambition of a $5 trillion economy.
During the pandemic, which saw lockdown measures to contain the spread of the virus, the information technology industry has kept the world moving and also adapted to the changes, Premji said while speaking at an event of the Bombay Chartered Accountants Society on Tuesday evening. . .
According to NASSCOM, the revenue of the IT industry was $194 billion in FY21. The lobby group stopped giving topline growth estimates a few years back.
Companies will start reporting their first quarter financial results from Thursday.
“This financial year (FY 22), I would not be surprised if the industry grows in very good double digits,” Premji said, noting that despite the pandemic, the industry grew by 2-3 per cent and 1.58 lakh new Jobs added. Net basis in FY21.
He said that within weeks of the start of the pandemic, the IT industry shifted to work from home and more than 90 percent of the workforce is still working on projects remotely.
The ‘hybrid model’, where people partially work from home or from offices, presents a huge competitive advantage, Premji said while speaking about the model which is being touted as the future of work.
He said that the hybrid model is very inclusive, with advantages such as ensuring better participation from all parts of the country and giving women the flexibility to pursue their careers.
“We have to work together to find the optimum balance and optimum approach so that we can strengthen India as the skill center of the world,” he said.
Premji said the IT industry is well positioned to drive the next phase of India’s growth, and will contribute significantly in achieving the ambition of a $5 trillion economy.
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