According to reports, the Indian IT industry will hire 200,000 workers in the near term despite macro headwinds such as inflation and impending US recession.

S (Kris) Gopalakrishnan, cofounder, Infosys says, “The Indian industry is expected to grow at 8-10 percent on a base of $220 billion revenue. The march of technology continues with Artificial Intelligence and Machine Learning, Blockchain, Web 3.0, Metaverse, this is the reason why I believe industry will continue to grow.”

The industry will grow secularly as the companies are overcoming challenges like return to office, by opening smaller offices in Mysore, Mangaluru, Belgaum and Hubli to go closer to work.

Biocon chairperson Kiran Mazumdar Shaw says, “Every economy in the world today has to focus on creating a vibrant and sustainable bioeconomy.”

Shaw says, “India has set a target of creating a bioeconomy of $100 billion by 2025. We are well on track to achieve that target. Our next goal is to achieve a bioeconomy of $500 billion by 2047 which will celebrate the 100th year of independence of our country. Agriculture and sustainability are going to be key pillars of this bioeconomy where energy, health and food security are going to be paramount. Today biotech is providing solutions for many of the problems that plague India.”

Karnataka Startup Vision Group chairman Prashanth Prakash says, “The venture and private equity industry has returned more than $80 million to the global investors in the last five years. Looking ahead the 100 plus Unicorns with a lion share from Karnataka, provide a massive IPO supply chain. Close to 25 plus Unicorns are expected to go for IPOs in the next three years creating billions of dollars in new market cap in the public markets.”