The U.S. will graduate more sports therapists this year than engineers
Fueled by a steady stream of engineers emerging from its schools, India will continue to increase its share of the research and development services market, according to the chairman of one of the country’s largest outsourcing firms.
“The U.S. will graduate more sports therapists this year than engineers,” Azim Premji, chairman of Wipro, said at the Future in Review conference here Monday. “Engineering and medicine are the two most preferred professions in India, by far.”
Software services still account for the largest percentage of Wipro’s revenue, at about 60 percent, Premji said. But the company has become the world’s largest independent provider of research and development services for other companies, and it hopes that the segment will account for 40 percent to 45 percent of Wipro’s revenue over the next few years, Premji said in a brief interview following his public discussion with Rafiq Dossani, a senior research scholar at Stanford University.
Research work enables Indian engineers to improve their skills, and it can be more profitable for India’s services companies, Premji said.
READ: Wipro chief sees rise in Indian R&D
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