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I think there are opportunities outside India as well as in India. In fact, some of the largest projects that most Indian software companies are doing are in India.

India has the unique advantages of having the biggest domestic market and this should support IT companies.

As a traditionally risk-averse nation, India has rarely been at the forefront of innovation. Indian companies have mostly imitated others and became very good at it.

So far, Indian companies have focused more on customer application. This needs to shift to packaged software for sectors such as banking and financial services.

India has the capability to create a fairly extensive defence manufacturing capability in many areas, and as a country and as an industry, we have matured in terms of technology and capability to make this happen.

India has long been an exporter of talent to tech companies... But it is India that's now undergoing its own revolution.

Indians have very good engineering capabilities, and that is why, if an industry focuses on innovation, you will have a far greater chance of success, rather than the model which is based on just being a production machine.

India and Japan should develop a complementary relationship in information technology.

The single biggest resource India has is people and skill.

It's much easier for a middle class Indian entrepreneur to start up a computer company than it is for an Indian company to build roads and transportation systems suitable for a population that is getting wealthier and demanding more basic services.