Despite Macroeconomic Concerns, Bullish On IT's Long-Term Prospects: Wipro's Rishad Premji

Wipro Chairman Rishad Premji said despite current global macroeconomic concerns, Premji is extremely bullish about the long-term prospects of the IT Services industry. Premji said Indian IT has grown from a low-cost offshoring destination to a "true technology and business partner for every business." "My confidence is driven by two things — the rapid pace of digitisation across the world and the shift in the mindset of stakeholders who engage with us as an industry," Premji said at the Karnataka government's Global Investors Meet 2022. Speaking about the talent crunch in the tech industry, Premji said India is where the standard is. "Our challenge is to find this talent and leverage it to fulfill the demand we see. We have seen the high numbers of attrition that the industry is currently facing. It is because we are all chasing the same pool of talent. Instead, what we need to do is to find new locations and new sources of talent," Rishad Premji said.