IT industry has built new pillars for future growth

Predicting the Indian IT outlook for 2019 in this column a year ago, I had written that the industry would continue to grow by converting digital challenges for customers into revenue opportunities and areas such as offshore engineering services and product development would continue to grow while traditional application and infrastructure support, once the mainstay of Indian companies’ revenues, would be static with automation chipping away at manpower needs. Our industry CEOs have not only withstood the global economic turbulence, they have grown their companies near double digits in spite of all the odds. We have built new pillars for future growth and we can see a great “Vision 2020” for our industry.