According to the 2008-09 report of the IT-BPO industry body, the Indian animation industry was worth $494 million in 2008.
'About 1.2-2 million people will be added to the IT-ITeS workforce by 2020.'
Indian startups received about $6.5 billion in funding in the April-June 2021 quarter, while 11 of them entered the coveted unicorn club, a report by Nasscom-PGA Labs said. During the second quarter, 160 funding deals were closed -- up 2 per cent from the January-March period. "Q2 2021 has been impeccable for the start-up growth story. From being the most funded quarter, it has also added the most number of unicorns. "Standing tall during the pandemic second wave headwinds, Indian start-up ecosystem has shown a strong resilience in this quarter," the report said.
Som Mittal talks about the industry challenges, the next big disruption for the IT industry.
Modi govt is aiming to recast the urban landscape of the country by making cities more livable.
It said the company had tweaked leave accumulation only up to Q2 (FY21) end, and only as an interim measure.
The Indian IT industry will stage a "strong recovery" in 2021-22 with a revenue growth of up to 11 per cent, ratings agency Crisil said on Wednesday. The recovery will be led by increasing outsourcing and accelerating digital transformation services mainly in sectors such as banking, financial services and insurance (BFSI), healthcare, retail and manufacturing, it said. As per Nasscom, the IT services industry grew 2.7 per cent to $99 billion in 2020-21.
India's software industry mounts two-pronged campaign to tackle Trump administration. Ayan Pramanik & Karan Choudhury report.
Retail giants are looking at Indian start-ups in the big data and analytics space
The Indian startup ecosystem, which defied odds during a pandemic-hit year to create record 12 unicorns, has the potential to be the engine of growth in the medium to long run, according to the Economic Survey 2020-21. The survey noted that startups are the platform for entrepreneurs who have the ability to think out of the box and innovate to conceive products that can create a niche for themselves in a dynamically changing world.
The proposed increase is almost double from the present fee.
Never let self-doubt get in your way and the fear of rejection stop you from growing.
Som Mittal, president and chief executive officer of Digital GlobalSoft Ltd will take over as chairman of the National Association of Software and Services Companies.
After the first draft of the Bill was submitted under a committee chaired by Justice B N Srikrishna in 2018, there were objections raised by businesses, especially on the broad restrictions on cross-border data flow.
Data localisation, an overarching theme across recent government policy proposals, has been a thorny issue with industry
The report is based on a joint survey by Nasscom and the PricewaterhouseCoopers.
'The world has changed and nobody has the patience to start a project and wait for six months to look at the outcome.'
'We are the only country in the world where everybody gets a digital vaccination certificate immediately... Then as we open up, as they did yesterday, which I think is a welcome move, you will have lots and lots of points where people will come in'
Suggesting that layoffs in the information technology and business process outsourcing industry are still less than 1 per cent of the total workforce, top National Association of Software and Service Companies executives have said that the industry has not yet come in the grip of large-scale layoffs.
Mittal said the US continues to face shortage of IT skills, and expressed hope that there would be comprehensive changes in immigration policy.
5G networks in India can be deployed in three months but in limited areas as the optical fibre based infrastructure to support the technology is not ready yet, telecom industry players said on Tuesday. Nokia India head of marketing and corporate affairs Amit Marwah said that India has to take a call on deployment of 5G services otherwise it will miss to take advantage of the next generation technology that it can bring for the economy.
The 30-share Sensex ended down 297 points at 27,438.
Although the number of resignations came down at Cognizant in April and continued to slow in May, the impact of attrition would play out in the second quarter also because of the longer notice period in India.
The Indian IT outsourcing sector is expected to see exports growing 13-15 per cent in the fiscal year starting in April, an industry lobby group said on Tuesday, with improving US and European economies driving growth.
Get Ahead reader Bhautik Joshi attended Nasscom Games Developers Conference 2011 in Pune. His observations on the gaming industry.
Small and mid-sized IT companies offer the best way to take advantage of the next stage of the emerging market growth story. According to Nasscom, the apex body for the IT industry, the industry expects to grow by 11-14 per cent and this growth will be driven by small and medium companies, which are performing better than tier-I companies.
India is in dire need of cybersecurity professionals. With several recent incidents of data breach, India's cybersecurity journey so far proves this demand. But is the country ready to meet this demand and is it preparing a cybersecurity workforce for the unforeseen cyber future? A report titled "India Cybersecurity Services Landscape" by Nasscom-Data Security Council of India (DSCI) predicts that the Indian cybersecurity services industry would grow at a compound annual growth rate (CAGR) of about 21 per cent to touch $13.6 billion by 2025. And by 2022, the industry, which generated a cumulative revenue of about $4.3 billion in 2019, is expected to grow to $7.6 billion. However, around 3.5 million jobs in the cybersecurity space will remain unfilled by the end of 2021.
An author of over 80 books, a lead developer for an e-security product and the president of the Foundation of Information Security and Technology, he has co-chaired efforts by the Mumbai Police and Nasscom to institute cyber security.
'We are anticipating that the hiring trend will continue to see double-digit growth at least for the current financial year.'
The slowdown of the US economy and the appreciating rupee hardly have any affect on the India's IT sector. The IT industry is poised to grow at 33 per cent growth in the fiscal year 2008 and is on target to emerge as a $75 billion sector by 2010, Nasscom said on Monday.
The information technology sector, India's largest private-sector employer with 3.1 million direct jobs, will witness muted hiring activity this year.
Genpact has been ranked India's best third party ITES-BPO company, followed by WNS Global Services at the second spot and Transworks Information Services taking the third slot.
Information Technology sector grew by 19 per cent in 2011, clocking revenue of $76 billion
Information technology companies in smaller cities are forming regional associations to attract investments and get their demands fulfilled at the local level, as industry body Nasscom is unable to spread its wings in many such cities. Smaller companies in places such as Bhubaneswar, Coimbatore, Madurai, Kozhikode, Ahmedabad, Kochi and Thiruvananthapuram have created regional fora to sell their locations and also lobby state governments.
The future of cryptocurrencies in India appears uncertain but that has not deterred young Indians from embracing the so-called 'fourth industrial revolution' world, where interconnectivity and smart automation, much of it relying on blockchain technology, drive human civilisation. Reserve Bank of India (RBI) Governor Shaktikanta Das has repeatedly warned of macroeconomic instability and even "serious consequences" if cryptocurrencies turn mainstream. The country's monetary authority wants a China-like total ban on crypto, not even allowing these currencies to be treated as investments. Though Parliament's website had listed the Cryptocurrency and Regulation of Official Digital Currency Bill as one seeking a total ban of cryptocurrencies in the country, it was not presented in the Winter Session. India now has the highest number of cryptocurrency investors in the world.
Indian firms selling SAAS products have got a bonanza as companies meet, manage and sell remotely. The top five firms - Zoho, Freshworks HighRadius, Druva, and Icertis - account for 33 per cent of the market share. Chennai, India's SAAS centre, alone generates $1 billion in annual revenue. Yuvraj Malik explains how these companies are planning their next phase of growth.
With automation taking place at a much faster pace across industries especially in the tech space, domestic software firms that employee over 16 million are set to slash headcounts by a massive 3 million by 2022, which will help them save a whopping $100 billion mostly in salaries annually, says a report. The domestic IT sector employs around 16 million, of them around 9 million are employed in low-skilled services and BPO roles, according to Nasscom. Of these 9 million low-skilled services and BPO roles, 30 per cent or around 3 million will be lost by 2022, principally driven by the impact of robot process automation or RPA. Roughly 0.7 million roles are expected to be replaced by RPA alone and the rest due to other technological upgrades and upskilling by the domestic IT players, while it the RPA will have the worst impact in the US with a loss of almost 1 million jobs, according to a Bank of America report on Wednesday.
