Zoho's Sridhar Vembu warns of fundamental reckoning in India's IT industry

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Zoho's Sridhar Vembu warns of fundamental reckoning in India's IT industry - Business Standard

Quick Summary:

Zoho's Sridhar Vembu has sounded an alarm about the future of India's software and IT services sector, arguing that the industry is facing a fundamental reckoningnot just a cyclical downturn or a challenge from artificial intelligence, but a structural shift that will reshape the next several decades.

In a post on X, Vembu contended that inefficiencies in products and services have long plagued the global software industry.

These inefficiencies have accumulated over decades of a prolonged asset bubble," Vembu, who stepped down as CEO in the IT firm in January to focus on R&D, wrote.