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Efforts in BFSI for diversity and inclusion face challenges with recognition and pay disparities for women. Gen Z and Millennials show varying satisfaction levels. Fintech and insurance sectors experience declining sentiment. Great Place To Work, India, Serial Entrepreneur and CEO Yeshasvini Ramaswamy stresses the need to address disparities.
Rohit Agarwal, Senior Fund Manager at Kotak Mahindra Life Insurance, analyzes the Indian IT sector's average position and predicts a 6-7% growth for largecap Indian IT companies. Current valuations anticipate this growth, with considerations for interest rate reductions in the US and economic recovery. Agarwal says: "Some of the pockets that we believe are still good are the BFSI space and the manufacturing space."
In a recent announcement, CBRE South Asia Pvt. Ltd, a leading real estate consulting firm in India, revealed the key findings from its report ‘CBRE India Office Figures Q1 2024.’
Manufacturing, infrastructure, pharma and healthcare, global capability centres (GCCs), engineering and banking and financial services are among the sectors taking the lead on the hiring front amid large-scale public-private investments, strong digital transformation initiatives, increased consumer demand, and advancements in healthcare technology, the firms said.
Technology spending in the banking, financial services and insurance sector is expected to bounce back as monetary policy begins to loosen globally, but unless client budgets increase significantly, the risk of revenue-growth disappointments remains.