Like his colleagues at National Association of Software and Service Companies, its immediate past president Kiran Karnik too feels that the global meltdown is going to have only a short term effect on the Indian IT industry.
While the former Nasscom chief admits that things are not going to be all rosy for the Indian IT companies, he assures that there is, however, no need to be depressed.
The IT industry in India is based on strong fundamentals and now the 'responsibility rests on our shoulders to help it grow', he added.
Karnik spoke to rediff.com's Assistant Managing Editor Indrani Roy Mitra on Tuesday afternoon on the sidelines of Nasscom CEO Summit 2008 held at Kolkata's Hyatt Regency.
Prior to joining Nasscom in 2001, he was the managing director at Discovery Networks in India and spearheaded the launch of Discovery Channel in South Asia in August 1995, and Animal Planet (a Discovery-BBC joint venture) in 1999.
From 1991 to 1995, Karnik was the founder-director of the Consortium for Educational Communication, responsible for Countrywide Classroom broadcasts and other initiatives of University Grants Commission.
For the excerpts from the interview, read on...
Image: Former president of National Association of Software and Service Companies, Kiran Karnik, listens to a speaker during a conference in New Delhi. | Photograph: Manan Vatsyayana/AFP/Getty Images
Also read: US job market at its worst in 15 years
| Live updates on money.rediff.com |
|
Advertisement
