"India's IT and BPM industry created 1,70,000 new jobs in the last one year and 6,00,000 jobs in last three years, and opportunity for the future is really bright. There is resounding confidence that this USD 153 billion industry is well on its way to reach USD 350 billion by 2025," Murugesh, Nasscom executive council member and group CEO, WNS Global Services, said at the NASSCOM C Summit.
The C Summit in New York last week was the first time that NASSCOM organised a CXO conference outside India. After having organised several highly successful leadership forums in India over the years, this summit was the next big step for Nasscom, where it brought providers and buyers of IT services together onshore.
The summit has re-established the continued relevance of the Indian IT-BPM industry to businesses across the world.
"We had business leaders from a wide range of industries - telecom, banking, healthcare, technology solutions, consumer goods - and well-known academicians at the summit, and they spoke about the impact that the IT-BPM industry has made to their sector. This message of reaffirmation puts to rest all the speculation about the future of the industry.
"Business leaders are excited about digital transformation and the positive impact that it will have on individuals, corporations and countries. There is no doubt that digital technologies are impacting business models and forcing us to re-look at the way we work and live our lives. But this disruption is transitory in nature and there are many more opportunities than threats that we can expect," Murugesh said.