Indian IT sector can weather any Donald Trump challenges, says Infosys’ Narayana Murthy

US President-elect Donald Trump, during his Presidential campaign, had vowed to bring back jobs to Americans, cutting H1B visas and immigration.

This became one of the toughest challenges for the Indian IT sector, which sends maximum number of its workforce to the US. But, Infosys founder NR Narayana Murthy says the sector is confident to take on any challenges.

"I have tremendous confidence in the smartness of Indian talent in finding high quality solutions to overcome whatever constraints they face anywhere in the world," said Murthy.

Murthy said Trump wants to make America great and any well-meaning politician from across the world would want to do.

"At Infosys, we had come up with a visa-independent delivery model (in 2013). What we said was: We would reduce the onsite effort requirements to 10-15% of total effort from the then 30% of total effort. We will recruit local talent in our markets to deliver these 10-15% efforts in the project cycle and the remaining 85%-90% will be delivered from countries like India using local talent," said Murthy.

As per Phil Fersht, CEO of HfS Research, Trump's campaign already outwardly promoted raising the H1B minimum salary to $100,000 per year (from $60K).

“This makes managing complex IT projects a lot more expensive and negate much of the cost advantage for complex engagement requiring "landed" IT staff," it stated in a blog spot.

The US is the largest market for the Indian IT industry, which accounts for 60% of IT exports. "It is important that we create jobs in India and everyone of our markets. After all, we are an industry of Indian multinationals. We have to create job opportunities for Indians in India, the British in Britain, the French in France, the Americans in US etc," added Murthy.