Infosys CEO Salil Parekh said India's IT industry remains vibrant and resilient despite the rise of artificial intelligence and macroeconomic uncertainty.
The statements come as global enterprises shift spending patterns toward AI, sparking concerns that traditional outsourcing models may become obsolete. Parekh's perspective suggests that the sector can adapt its core structure to survive the technological shift.
Speaking in an interview with CNBC TV18, Parekh said, "IT abhi bilkul zinda hai," which translates to "IT is still very much alive."
Parekh said AI will necessitate a fundamental shift in how the industry manages its workforce. He said AI will bring changes to the Indian IT pyramid talent model that has underpinned the industry for four decades.
Under his leadership, Parekh said Infosys has doubled its revenue [1] and secured several large deals. He said these achievements have positioned the company well for growth driven by AI.
Regarding the future of the company's leadership, Parekh said to CNBC TV18 his decision to step down as CEO. He said the company is well positioned for the future. However, reports from MSN indicate that Parekh declined to comment on the upcoming management change in other contexts.
Despite the transition, Parekh said the combination of large-scale deals and AI labs proves that IT companies still matter in the modern corporate landscape.
“"IT abhi bilkul zinda hai."”
The shift in the 'pyramid talent model' refers to the industry's historical reliance on a large base of junior developers supporting a few senior architects. As AI automates entry-level coding and testing, the Indian IT sector must pivot from a volume-based labor model to a value-based expertise model to maintain its global competitiveness.
