- Companies have to get best value for money, said Mr Murthy
- Employees should be trained to improve productivity, he added
- He earlier backed pay cuts for top executives to protect youngsters' jobs
IT outsourcing has long been one of India's flagship industries but experts say automation, new technologies and clampdown on visas in some countries is creating an industry-wide upheaval. This has hurt the industry's growth rate. Indian IT industry body NASSCOM has projected software export growth in 2017-18 at 7-8 per cent in constant currency, down from 8.6 per cent in the previous fiscal year.
Mr Murthy also urged employees to ask questions, including how to reduce time and improve quality of whatever they are doing, which would ultimately result in companies increasing their revenues. "Once you start doing it, then revenues will increase significantly and cost will be under control. That is what I would say it is the most important thing," he said.
Employees should also be trained to improve productivity, which would enable them to do much more, he said.
Entrepreneurial training programmes in different fields will also be useful, he said.
A couple of months back, Mr Murthy had urged top executives to take pay cuts to protect the jobs of youngsters. There have also been reports of layoffs by many IT companies, even though the industry has denied the allegations. (With PTI inputs)
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