Bangalore, Nov 28 (UNI) Instead of crying over the falling profits due to hardening of the Rupee, the export driven IT industry should look at their own backyard, the Indian market, which can offer a far more bigger market than overseas, MindTree Consulting Chairman and MD Ashok Soota said today.
Delivering presidential address at the 42nd Annual Convention of Computer Society of India here, he said the IT sector had failed to gauge the real potential of the indigenous market.
The focal theme of this year's convention was "GenNext India - Harnessing the power of IT".
He said the use of IT in the country where it had remained largely under penetrated, could change the daily life of the common people and have a major impact of the society, he opined.
Harping on the other areas where IT could make a greater impact, Mr Soota said it had the potential to revolutionise education and healthcare and e-learning and e-health should become the focus of the sector.
"Indian legal system is another field which we have left untouched. It is my dream that IT play a major role in the courts.
This will bring speed and transparency in 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 and understanding the success.
"There is a wrong perception of an IT professional in the society that they are highly paid and bothered less about others. This should go," he said.
Mr Soota said the IT sector was the first global success in the history of Indian industry and it had created wealth for the nation.
"Impression of India has drastically improved in the world because of IT industry. It has played an important role in bulging the foreign exchange reserves of the country which has touched 250 billion US Dollars today. The dollars we have brought is different from that brought in by Foreign institutional investors. We have earned it through blood and sweat," he said.
However the sunrise sector was today dogged by three big challenges like high talent cost, government's proposed moves like withdrawing of STPI sops and Rupee appreciation.
Though these factors may not affect the survival of the industry they were the biggest challenges the industry faced, he added.