The information technology industry suffered most from the ongoing world economic crisis. But it is still optimistic to recover to high growth rate in coming times. IT sector would use the situation for advantage in next growth cycle.

Infosys Technologies executive co-chairman, Nandan Nilekani said that growth of IT sector would obviously be less than previous years following world economic crisis and global slowdown. He was speaking at the India Economic Summit, organized by the World Economic Forum and the Confederation of Indian Industry (CII). He hoped that industry would emerge stronger after slowdown.

He said that the company is not planning to start retrenchment and would recruit more staff as per its earlier planning. Infosys would train its staff with modern technology and sophisticated methods of education. He said that the domestic IT industry is based on a global delivery model and there is no pricing and billing pressure.