The Indian IT industry, amidst ongoing global economic uncertainties marked by recession, trade wars, and geopolitical tensions, is expecting revenue generation of US$ 254 billion in FY24, driven by exports reaching US$ 200 billion and a domestic revenue exceeding US$ 54 billion. However, the muted revenue growth and temporary pull...
In the face of a global economic slowdown marked by recession, trade wars, and geopolitical tensions, the Indian IT industry is facing an uncertain demand environment, which is also visible with the changes in headcount numbers of leading IT companies. However, while the cutback in discretionary spending in client sectors...
While the Indian IT sector is showing robust growth prospects despite the COVID-19 pandemic, it needs to invest more in digital skills and improve its share in markets beyond the US and the UK. While the pandemic has been devastating for a number of industries, the Indian IT industry is...
The H-1B visa ban is expected to increase hiring costs and make hiring quality talent tougher, thereby impacting both Indian and US companies. Moreover, research confirms the positive impact of H-1B visas on the US economy. US President Donald Trump has been a staunch advocate of the ‘America first’ rhetoric...
• In a bid to arrest COVID-19 induced unemployment in the country, US has decided to temporarily suspend new work visas at least until the end of the year. • This move affects Indian IT industry in particular as the country accounts for the largest number of H-1B visa applications....
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