Bangalore, Nov 28 (UNI) Instead of crying over the falling profits due to hardening of the 'Rupee', the IT industry should look at their own backyard 'the Indian market', which can offer more bigger market, MindTree Consulting Chairman and MD Ashok Soota said.
Delivering presidential address at the '42nd Annual Convention of Computer Society of India' here today, he said the IT sector had failed to gauge the real potential of the indigenous market. The theme of this year's convention was ''GenNext India - Harnessing the power of IT,'' he added.
He said the use of IT in the country could change the life style of common man. Harping on the other areas where IT could make a greater impact, he said it had the potential to revolutionise education, health care, e-learning and e-health.
''Indian legal system is one field which we have left untouched.
It is my dream that IT plays a major role in the courts. This will bring transparency to Indian courts,'' he said.
Calling upon the new generation of IT professionals to develop wider knowledge, he said it was not enough for the 'techies' to learn just the technical aspects of their profession but also inculcate creative and communication skills.
''There is a wrong perception of an IT professional in the society that they earn heavy pay and are less bothered about others. This should go,'' he said.
Mr Soota said the IT sector initially attained global success in the history of Indian industries and it had created wealth for the nation. ''Image of the country has drastically changed and improved in the world due to the IT industry. It has played an important role in bulging the foreign exchange reserves of the country which has touched US Dollar 250 billion today,'' he said.
However, the sector was today dogged by three big challenges - high talent cost, Government's proposed moves like 'withdrawing of STPI sops' and 'Rupee appreciation', he said.