"The irony is that when more walls show up it is a good opportunity for services companies to help do business across those walls," said Mr Sikka of Infosys.

On Wednesday, German newspaper Handelsblatt said the bank is considering moving 1,000 jobs to Frankfurt to deal with Britain's exit from the European Union.

Speaking at a panel decision, on 'India's Time to Transform', at the annual World Economic Forum meeting in Davos, she said it may sound 'propagandist' but one needs a strong and courageous leadership to take such a bold step.