Asian markets open on a negative note Wednesday, as investors juggle the prospects for an economic comeback and additional stimulus with continued pandemic concerns.
After a wait of more than 10 months, investors in five of the six shuttered debt schemes of Franklin Templeton Mutual Fund received a portion of their money on Tuesday, which was lying as cash in these schemes.
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Despite headwinds, IT sector in India is rising
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The IT sector continues to be a net hirer with a focus on digital upskilling, Nasscom said
(Bloomberg)
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India’s technology sector grew 2.3% year-on-year on the back of rapid acceleration in digital transformation and tech adoption, though global output is estimated to have shrunk by 3.2% led by the pandemic, Nasscom said in its Strategic Review 2021 titled ‘New World: The Future is Virtual’.
Despite headwinds in 2020, Indian tech contributed about 8% relative share to the national gross domestic product, with 52% relative share in services exports, and 50% share in total foreign direct investment based on inflows from April to September 2020.