IT industry can mark two-digit growth next fiscal: TCS

KOLKATA - Coming out of the downturn, the Information Technology (IT) industry is slowly getting back into the growth path and could post double-digit growth next fiscal, a leading industry official said here Monday.

“The deals in the pipeline are very good. There are opportunities both in the domestic market as also in the international scenario, including that in the US,” Tata Consultancy Services (TCS) vice-chairman S. Ramadorai said at a press meet on the sidelines of a CII-organised programme here.

“Opportunities are there, but the growth is slow this financial year,” he said.

He said recruitments had started, with various companies even going to the campuses. “Overall, we see a positive momentum in the IT industry. It’s the same in the TCS”.

Ramadorai said the pressing issue now was how to ensure sales, convert the deals in the pipeline into orders and ensure productivity of the workforce.

“If the country’s economy is to grow by 7.75 percent, the IT industry can expect double-digit growth”.

Ramadorai said pilot runs for the company’s project mKrishi, a crop advisory service to rural farmers on the mobile telephony platform, were on in three districts of Maharashtra.

“If the projects are successful, we will role it out nationally,” he said. The application provides personalised information and expert advice to farmers, who can send queries to agricultural experts in their local languages through a mobile and receive personalised advice or relevant information in the same language.