Software: China poses threat to India

Murthy said Indian software companies should be highly adaptable, pro-active and respond quickly to change8217;. 8220;Otherwise, we will not exist in the future.8221; Software companies, he said, had also to learn to create a brand equity abroad, and regretted that there is not a single Indian multi-national company.

Murthy said India should be investor and software-friendly to make it most attractive environment to invest and attract global capital. India8217;s software exports were projected to be 3.75 billion this fiscal, going up from 2.5 billion in 1998-99, headded.

India8217;s total exports account for just about nine per cent of the GDP which, according to him, is not a stable model8217;. It should be increased to about 25 per cent of the GDP as in the case of China and Brazil, Murthy said.