The government, which announced higher spending in key sectors to propel economic growth after a COVID-triggered contraction, intends to return to its original fiscal deficit path in three years, Sanjeev Sanyal, Principal Economic Advisor to .
With localised hiring strategy gaining ground and the Covid-19 pandemic restricting travel, the overall dependence on visas among the top tier-1 IT services firm will come down further in the next two to three years, opine industry experts. While US President Joe Biden has signed executive orders that will reform the overall immigration system and also rescinded several acts announced by President Trump that impacted the IT industry, it seems the industry has finally found a way to reduce dependency on visas such as H1-B and L1.
Tata Consultancy Services (TCS), the largest IT services firm, has been working on hiring more locals for more than 6 to 7 years. The company, like its India hiring strategy, has been strengthening its tie-ups with colleges in the US and hiring college students. For the period April 2020 to January 2021 (experienced + trainee) the total onshore hirings stood at 10,938, of this over 3,000 were hired in the October-December quarter. The Q3 hiring number is
Healthcare to benefit from digital transformation: Nilekani
By IANS| Published: 30th January 2021 3:21 am IST
Bengaluru, Jan 29 : Global IT major Infosys co-founder and Chairman Nandan Nilekani on Friday said healthcare would one of the big sectors that would benefit from digital transformation.
“Besides healthcare, education, retail and logistics are other big sectors that will benefit from digital technology,” he said in the first annual lecture organised by the Public Affairs Forum of India (PAFI), through virtual platform.
Admitting that solving complexities of the country required diverse skills and experiences, Nilekani called for local strategy and partnerships on priority.
“To bring policy changes, stakeholders should have facts to demonstrate through data a positive network effect on society,” he said.
At a time when protectionism or the policy of protecting domestic industries against the foreign competition is now becoming more prevalent across the world, Nandan Nilekani, founding architect of Aadhaar and co-founder of Infosys acknowledged that there is a reaction against globalisation. He said the strategy for the companies is to be an active player in every market that they operate and have an articulation of partnership with that country and which reflects its priorities. “I think there s no doubt about that. It cannot be one size fits all from your corporate headquarters,” said Nilekani at an event organised by Public Affairs Forum of India (PAFI). “You have to localize.”
The acceleration of the vaccination efforts against Covid-19 at scale would help India to come out of the pandemic crisis faster and sooner revive the economy and create jobs, said Nandan Nilekani, founding architect of Aadhaar and co-founder of Infosys. He said this would require strong cooperation between the government and the private sector and it is a too big task for one person and organisation to accomplish. “If you have to vaccinate at scale, we would have to vaccinate 5-10 million people per day, to make it happen,” said Nilekani at an event organised by Public Affairs Forum of India (PAFI).