NIFTY 50

TCS’ Rajesh Gopinathan: Indian companies ahead of global peers in digital payments business

Updated : October 01, 2019 07:56:50 IST

CNBC-TV18 has put Indian equity on the map of India, said Rajesh Gopinathan, managing director and chief executive officer of TCS, in an interview to CNBC-TV18 as it celebrates its 20th year in a new office.

“The opportunity is to think about how we put Indian companies and Indian opinion on the global map. The themes are similar but the locus of action is shifting eastwards therefore, the locus of opinion should also shift eastwards,” he added.

Talking about the digital medium, he said, “I consume your channel mostly on digital. I would say 80 percent of the consumption of your channel is on the go and that’s an amazing part.

“We are seeing many companies leapfrog on the digital journey. The real thing is that our consumer to consumer interaction is getting digitized massively. Therefore, there are two big areas where we are seeing Indian companies [going] far ahead; our companies are quite adept at managing that space. The other space is payments. I think that is an unspoken story or maybe spoken but not fully understood from global context and therefore, what’s happening in payments space in India is phenomenal,” he added.

On corporate taxes, which were reduced earlier this month, Gopinathan said: “It's early days and as we get into the implications of it people will start digesting it. People also need to get comfortable as to how it will get played out because there are transitions into it.”

On IT in India, he said: “The real opportunity for India continues to be on the intellectual space across full spectrum of it whether it is pure services or all the way to intellectual products being exported out.”

“The reality is that we need to make sure that the full spectrum of society benefits from it and therefore, manufacturing economy also kicking in and providing the jobs across full spectrum is a key part of it,” Gopinathan added.
cnbc two logos
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more
Live TV

recommended for you