Indian IT industry to hire 200,000 people in near term: Kris Gopalakrishnan

'Ups and downs' in global economy will not impact Indian industry for long, he says

The Indian information technology industry will continue growing despite global macroeconomic challenges, said Kris Gopalakrishnan, a cofounder of IT giant Infosys, citing investments in digitisation and technology for his projection.

The industry is expected to grow at 8-10 per cent on a base of $220 billion in revenue, he said on Wednesday. It is expected to recruit at least 200,000 people in the near term. Gopalakrishnan’s comments about hiring come at a time when many US tech companies, such as Meta and Twitter, are sacking employees.

“The industry will follow the ups and downs in the global economy but that