Tata Consultancy Services (TCS) today said India's multi-billion IT industry is now in a "good shape" and the domestic market would record a substantial growth in the coming days.

"The IT industry is now in a good shape and the industry will post substantial growth in the coming days (in the domestic market)," TCS Vice-Chairman S Ramadorai told reporters here.

He, however, was still concerned about the European market. "The Europe market is still a little bit of concern, but the market is likely to improve in the coming days."

On the Indian IT giant's role in China, Ramadorai said the Tata Group firm has learnt to think big from the neighbouring country, which has contributed a lot to TCS' growth.

"Not surprisingly, we found that the Chinese were very keen to learn from India's software success. What better way to do so than to establish a partnership. Therefore, we were invited by the Chinese Government to form a joint venture to create a large-scale global offshoring base in China in 2005."

The Mumbai-based TCS, Asia's largest IT firm, currently has five service centres in China.