New opportunities are arising, says Narayana Murthy

Infosys founder N.R. Narayana Murthy on Saturday said that IT industry had bright prospects and it would keep up the pace of growth further if the companies invested on improving the capability and capacity of their workforce.

In an interview to a select group of journalists, along with Tata Sons Chairman N. Chandrasekaran on the sidelines of NIT-T’s 13th convocation here, where he (Chandrasekaran) was conferred upon Doctor of Letters (Honoris Causa), Mr. Narayana Murthy said that he believed that IT industries had good opportunity to grow subject to some business issues. New opportunities were arising.

“We have good opportunities to grow as long as we satisfy our customers and equip our youngsters. We have to ensure that companies invested adequately on retaining employees. We have to ensure that they work hard with dedication,” he said.

He added that almost all developed countries except France had about 4 to 5% of unemployment.

According to economists, between 3 and 4% of unemployment was an ideal state of economy.

“There was no economy with nil unemployment. If we look at the developed nation and learn lessons from them, we can grow further,” Mr. Narayanamurthy said and added that many IT companies, including Infosys and TCS, were making sustained efforts and investment on equipping youngsters.

On the global debate regarding gender gap in IT companies, Mr. Narayanamurthy said that women were no less than men in performance.

The percentage of women employees in IT companies in the country was more than the average in many countries. However, the percentage of women employment should go up further.

Source:http://www.thehindu.com/news/cities/Tiruchirapalli/new-opportunities-are-arising-says-narayana-murthy/article19489710.ece