Scorching growth should continue: Nilekani

India's hot economy should not cool down because the country's large pool of young talent and so will its high savings rate will help keep stoking the growth, Nandan Nilekani, chief executive officer, Infosys Technologies said today.

Nilekani, whose company is a leading global software provider, acknowledged that India needs to improve its creaky, overburdened infrastructure if it wants to sustain its annual economic growth of about 8%.

"Of course, infrastructure is a bottleneck, but I believe that infrastructure is on everybody's radar screen," said Nilekani who is here to accept Forbes Asia's 'Businessman of the Year' award.

The executive also said that rapid growth will ramp up the pressure on the country to develop trained talent. "That's something that needs more public and private investment," he said at a news conference.

"In the next 20 to 25 years, India will have the largest pool of young people in the age group of 15 to 65 and that's a big thing," he said. "Globally, nobody else will have that advantage."

Nilekani added that India's economic growth has also been aided by a savings rate in the range of  22% and 30% in the past fewl years. "We expect the savings rate to go up even further," he said.

Infosys plans to hire 30,000 people this year. It receives 1.4 million job applications each year, Nilekani said.