IT industry can soon achieve double-digit growth: Wipro's Rishad Premji

Wipro chief strategy officer feels the industry will witness a turnaround in 3-5 years

Wipro chief strategy officer Rishad Premji said his company and the entire Indian IT services industry could soon achieve double-digit growth.

Premji, who has completed 10 years at the company this July, told Mint in an interview that discussions on "death of the IT services industry" are “overstated” and he is confident that the $154-billion industry would report higher growth in the next three-five years.

The IT services industry has largely seen a single-digit growth in FY17 varying between 6-8 per cent in almost a decade’s time. IT services companies, who were focusing on traditional offerings such as software maintenance,