When asked about hiring trends in the IT sector, Nayyar said he does not think there has been any slowdown in hiring and every passing year all firms have been hiring more people.

"I am sure that IT will create huge employment going forward too and then you should understand that for each job in IT, you create at least three additional jobs and most people say it is an under-statement. So, net-net on employment side, I am fairly bullish," he added.

Talking about the emergence of new markets for Indian IT companies, Nayyar said the technological needs are going to increase globally, because technology has become so pervasive in everyone's life -- from a child of 2-3 years to all of us.

"When needs arise, the responses would come and capabilities would evolve and it so happens that there is a huge abundance of young and bright people in India and all these people make a unique talent base, which I don't think is replicated elsewhere," he said.

On the trends seen in the clients' IT spending budget, Nayyar said, "They have no choice because need for technology is growing and it pervades the entire company now from the top to the bottom.

"People have no choice but to increase their technology budget, specially if they want to compete, if they want to control costs and if they want to be competitive," he said.
Read More:
10 Hot, High-Paying IT Jobs to Look Forward In 2014
10 Destinations That IT Professionals Should Avoid At All Times