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Zoho CEO blames decades-long inefficiencies, not tariffs or AI, for India's IT sector struggles.
Zoho's CEO, Sridhar Vembu, attributes the decline in India's IT sector to long-standing inefficiencies rather than tariffs or AI advancements.
He argues that these inefficiencies, built over decades, have misallocated talent and affected industries like manufacturing and infrastructure.
Major IT firms like Infosys, Tata Consultancy Services, and Wipro are facing challenges with weak financial earnings and potential hiring slowdowns, indicating the need for a fresh approach to business strategies.
Experts predict a tough year ahead, despite some optimism for slight improvement in the next financial year.
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El CEO de Zoho culpa a décadas de ineficiencias, no a los aranceles o a la IA, por las luchas del sector de TI de la India.