Indian IT market is growing but it is still a small base, said Infosys Technologies Chairman & Chief Mentor , Narayana Murthy .
Speaking at the induction ceremony of InStep programme for interns, on Monday, he said, “97.5 per cent of Infosys’ revenues came from global markets, while Indian IT market was growing at a fast pace.”
Trained in key strategies
Comparing Indian and Chinese markets, Mr Murthy said though China was renowned in manufacturing, it was 20 years behind India in software application development. He attributed this advantage to smart middle class present in the country. “The middle class professionals understood customers and operations better and are well trained in key strategies. This made it easy for them to adapt to 24 x 7 work methods and technology, better than China.” India also has a fairly developed advanced system, processing and methodology for distribution development model, he said, adding Indian companies also took to quality in a big way. For 2007-08, Infosys has set a target of 125 interns. The company, under the programme, has recruited 90 students from 28 nationalities as also newer countries like Italy, Spain, Denmark, Israel, Chile and Norway.  On InStep, he said, “The internship will help students understand global cultures and business models. This will give them an advantage to become global leaders and understand India as a key market.” The students will work on real-time projects in Marketing, Corporate Planning, Education & Research and the Software Engineering and Technology Labs at Infosys locations in India, France and the US.