IT sector contributes to eight% of GDP; international spends on know-how to double in coming years: Rishad Premji at Global Investors Meet 2022

In the final three many years, the business has grown considerably. Today, the business contributes practically 8 per cent of India’s GDP. 30 years in the past, it was lower than 1 per cent. Karnataka has held the centre stage on this journey and contributes practically 1/4th of the IT exports.

India has from a low-cost offshoring vacation spot turn into a real know-how and enterprise companion for each enterprise on this planet, which is why Premji famous that he stays bullish in regards to the long-term development of Indian IT sector.

“My confidence is driven by two things – the rapid pace of digitisation and the shift in the mindset of stakeholders who engage with us.”