28% Growth in Indian IT, but still insufficient

According to NASSCOM president Kiran Karnik, the Indian IT industry will see a export growth between 26 and 28 percent over last year's figure and the annual revenues are expected to soar to around US$80 billion by 2008.

On the other hand Rajat Gupta, a management consultant and a former McKinsey CEO isn't convinced and points the insufficiency
"True, we’ve made an impact in software services on the world stage, but it’s only a tiny segment of the global business opportunity and can induce a false sense of complacency"