India’s gig economy is undergoing a rapid transformation, emerging as a critical pillar of the country’s labor market. With an estimated 7 million gig workers in 2021 projected to rise to 23.5 million by 2030, gig work is expected to contribute around 2.5% to India’s GDP. Driven by technology, a...
In today’s competitive job market, attracting and retaining top talent is crucial. Companies must adapt their recruitment strategies to embrace flexibility, prioritize employee well-being, leverage technology, and foster diversity and inclusion. By doing so, organizations can position themselves as employers of choice, reducing the risk of employee turnover and secure...
The landscape of employment in India is undergoing a significant transformation with the rise of the gig economy, a force that is reshaping traditional job roles and organizational frameworks. Illuminating this shift, a recent survey conducted by Nasscom in partnership with the job portal “Indeed” brings attention to the increasing...
In a positive development for the Indian economy, the country has experienced a significant surge in headcount across various sectors, registering a remarkable 12% increase. Despite ongoing global turbulence, this surge reflects the resilience and growth potential of the Indian workforce. Image source: Pexels The number of people working in...
Ambrish Bajaj, Founder & CEO, Pragati Jobs discusses how his young startup, which has been set up to resolve blue-collar hiring challenges for HR teams, successfully acted on a business opportunity that suddenly came up in the midst of the pandemic. Rise of technology adoption by businesses and individuals, expansion...
Dr. Basanta K. Sahu, IIFT, agrees that the dynamics of trade have drastically changed and COVID-19 presents an opportunity to explore new trade partners, markets and products. India should explore new markets, particularly in Africa and Southeast Asia through favourable trade agreements. Also, India’s production advantages in food products provide...
In the current milieu, India is facing a dual challenge of low economic growth and high rates of unemployment. The resultant low levels of consumption further create a vicious cycle. The key to reviving employment is to spur investment from the industry in low-productivity sectors and further boost the startup...
Dr Sunitha Raju, IIFT, explains why India has high potential to improve trade post-COVID, given prospects of faster recovery in advanced economies and high income elasticity of its exports. Moreover, India has the singular advantage of a large domestic market as compared to other developing economies, which can be leveraged...
Jobs of the future will reflect new technologies and paradigms with the rise in green economy jobs, roles in engineering, Big Data and AI as well as traditional roles that emphasise greater human interaction and people skills. With the unlocking of the economy post the lockdown, there is light at...
Prof D. Tripati Rao, IIM Lucknow opines that India needs to swiftly move from fiscal “Band-Aids” to counter-cyclical fiscal boosters to prevent the economy slipping into a stagflationary spiral with a permanent loss of potential GDP. IBT: India’s GDP decline in the June quarter by 23.9% has been worse than projections....
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