Talking to a group of editors on the ‘Business Implications of a Flattening World’, he said the Indian companies will have to have a global vision to realise the potential of the country becoming the centre of gravity in the information technology sector.

Nilekani said software development in India has become qualitatively better and customers wanted more of it. The global companies have to make a fundamental shift in their strategies by opening up more to markets in India and China.

Citing an example, he said in these two countries a huge demand for things like mobile phones was growing and other countries have changed their operations from BPO to leverage this aspect.

“The demographic divide in which India has an advantage over Europe, Japan and China in terms of young population was leading to doubling of the labour pool,” he added.