Infosys mentor KR Narayana Murthy feels that India will play a key role in software exports in the next 10 years

2009
By Syed Akbar
Hyderabad, Dec 2: Infosys mentor KR Narayana Murthy feels that India will play a key role in software exports in the next 10 years.
Addressing a group of editors, media executives and journalism students from across the globe at the ongoing world newspaper summit here on Wednesday, Narayana Murthy said India would share a major revenue of
software exports. Along with Brazil, Russia and China, India will play a crucial role in software exports. "About 50 per cent of revenue of software exports will come from BRIC countries by 2020," he said.
At present the USA and the UK hold the monopoly in software exports and their total share is about 80 per cent. The BRIC countries will take a major chunk of the revenue from them. India exported $ 47 million software exports.
"Brazil and China have been performing well. Russia will pick up soon, though it is passing through hiccups at present," Narayana Murthy said.
Information and communication technology has the potential to breach the divide between the haves and have-nots, he said adding that the IT market in India is quite large and much of it is yet to be explored. Half of the population in the country do not have access to medical facilities. Many do not have banking facility. The IT sector will have to cater to these sections.
Sounding positive about the growth of the world economy, Narayana Murthy said it would take some more time for it to become buoyant. He feared that the global economy would be affected if there's no stability in the region and in middle east.
Later answering a question, the Infosys mentor said India, China, Pakistan and Bangladesh should ensure that there's peace in the region. He warned that if there were no peace in the region, the growth will be affected.