India’s IT sector to grow by 25-26% annually: Narayana Murthy

Tuesday, 25 January 2011 00:01 - - {{hitsCtrl.values.hits}}

KOLKATA (IANS) Picking up after being adversely hit by the global slowdown, India’s IT sector is performing well and would experience an annual growth of 25-26 percent, Infosys Technologies founder-chairman N.R. Narayana Murthy said here Sunday.

‘Under the current circumstances, it is performing well,’ Narayana Murthy told mediapersons on the sidelines of a function here. ‘Overall, things are fine. Our annualised growth will be 25-26 percent, and that is pretty good,’ he said. ‘The sector draws a revenue of $5 billion, and if we can grow at 25 percent, that’s not bad,’ he said. Asked for his reaction on US President Barack Obama’s remark ‘Say no to Bangalore and yes to Buffalo’, Murthy said the comments were symbolic of the foreign community’s growing respect for Indian industry.

‘When the US president talks about Bangalore, that means there is certain respect,’ he said.