Tata Consultancy CEO sets sights even higher after US$32b rally

Bangalore

THESE are challenging times for India's technology-services industry. Growth has slowed. Profits are pinched. Layoffs, once unheard of, are commonplace. Many of the businesses' own leaders think that its best days are in the past.

But Rajesh Gopinathan is not one of them. The chief executive officer of Tata Consultancy Services Ltd (TCS) has argued that the industry's opportunities today are bigger than they have ever been. The problem, he contended, is that his peers are not thinking creatively enough about how to evolve from the services of the past.

India's tech industry was built by using the country's low-cost labour to handle basic tasks such as technology support and infrastructure maintenance. Now, corporate cl…