IT to recover from recession by 2010: Infosys

Chennai, Jul 29: The global economic slow down which hit the IT industry would show a good progress by mid-2010 says, Infosys CEO and Managing Director Kris Gopalakrishnan.

Gopalakrishnan said, "It is better to wait and understand that the recovery is real and will sustain. The developed countries have higher GDPs, so they will have a significant impact on recovery."

Infosys is looking at new markets like China, Middle East, South America and Latin America with a host of new services.

He said, "We have launched various new services like software as a service platform for BPO industry. The opportunities which we are looking into are in health care, utility services, government and public sector. There are opportunities in each one of them."

He also said that although country's growth rate has come down from 8-9 pc to 5-6 pc now, it (growth) started to pick up, which is a good sign for India. "This will also be a signal to other countries to start seeing some recovery," he added.

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