"India will continue to lead in the IT services sector in the near term, at least for 5-10 years", Gopalakrishnan said here, shortly after his company's newest software development block was opened near the Technopark here at a 50-acre campus. The facility has capacity to seat 1,600 staff, and involves an investment of Rs 180 crore.

To underline his bullishness about the Indian IT sector, the Infy chief pointed out that almost all MNCs had the most number of staff based at their India facilities. Another reason for his faith in the Indian market is the increasing number of engineering graduates in the country. "Ten years ago, we had 4 lakh engineering students passing out per annum, now we are witnessing 14 lakh students joining each year for engineering education. In the US, these numbers are stagnating", he said.

Infosys presently has the North American market contributing 63% of its revenues, while Europe contributes 23% and the rest of the world accounts for 14%. "We are aiming to turn this into a 40-40-20 ratio, or a 50-30-20 ratio", Gopalakrishnan said.