India among top 5 growth markets, key to global strategy: Red Hat

India has emerged as one of the top five growth markets globally for open-source solutions provider Red Hat and its parent company IBM, driven by the country's deep-rooted embrace of open-source architecture and a burgeoning talent pool, a top company executive said.
India is currently at the centre of the company's global strategy, both as a critical market and a hub for engineering excellence, Navtej Singh Bal, Vice President and General Manager, India and South Asia, Red Hat, noted.
"India, what started as a business from scratch, has actually scaled up nicely to be one of our fastest-growing businesses globally, and this is primarily because India has actually embraced open-source software at its core.
"I would say India would be, both for Red Hat and IBM, one of the top five growth markets globally," Bal said.
Addressing concerns regarding AI-induced job losses in the IT sector, Bal stated that while the technology will unlock efficiency gains of 2-5 per cent year-on-year, ...