Comments from Mr Pai come at a time when the IT industry is staring at job losses due to increasing use of artificial intelligence by clients, rendering many engineers jobless.
Samsung has already undertaken some early tests of the technology on its campus in South Korea, and mobile operators and vendors have announced 5G trials in countries ranging from the United States to Japan.
According to Mr Pai, the Indian IT industry's growth in the next two years will be in the region of seven to nine per cent ($11 billion to $13 billion) per year at best.
Analysts say top Indian IT companies are under pressure to return some of the huge cash piles on their books to shareholders in the form of share buybacks.
Analysts say top Indian IT companies are under pressure to return some of the huge cash piles on their books to shareholders in the form of share buybacks as the overall industry growth slows down.
In the survey of over 1,100 hiring professionals from across the globe, 54 per cent of global and 47 per cent of Indian talent acquisition professionals say sourcing qualified candidates is now more difficult than it was 12 months ago.
The acquisition will boost Bharti Airtel's spectrum footprint with the addition of 43.4 MHz spectrum in the 1800 MHz band.
The app will also provide Frequently Asked Questions (FAQs) on GST and help desk/email contacts.
A media report had earlier said the Japanese firm was looking to pick up a stake in a Vodafone-Idea merged company, citing four unidentified people aware of developments.
Bharti Airtel said that the acquisition will boost its spectrum footprint with the addition of 43.4 MHz spectrum in the 1800 MHz band. The deal is subject to clearance from regulatory agencies.
Jio's 'Prime' membership will enable members to enjoy "the full bouquet of Jio's applications" till March 31, 2018, said Reliance Industries.
Vodafone Private Recharge Mode (PRM)- a free of cost service for West Bengal subscribers, enables users to recharge their mobile phones, without sharing their mobile numbers with retailers.
According to sources, the company started the process last week and will lay off 500-600 people across Snapdeal, Vulcan (logistics) and Freecharge (digital payments business).
The Cellular Operators Association of India (COAI) said the pricing along with customer experience determined by a telecom network's ability to take data traffic load will differentiate the winners from losers going forward.
Mr Prasad said that issues discussed included "LinkedIn involvement in skilling professionals to be exposed to good job opportunities".
To enrol for the Prime offer, under which customers will continue to get unlimited benefits till March 31, 2018, existing and new subscribers of Jio (till March 31) will have to pay a one-time fee of Rs 99.
Reliance Jio's aggressive entry has intensified competition in the telecom sector, hurting the margins of other players in the industry.
Mr Chandrasekaran served TCS for three decades as it rose to become the largest IT company in the country and also the crown jewel for Tata Sons.