Neither Cyber Coolie nor Body Shopper, IT Industry Has Earned Indian Passport Global Respect
3 years ago

Neither Cyber Coolie nor Body Shopper, IT Industry Has Earned Indian Passport Global Respect

News 18  

An Indian becoming the CEO of Twitter has once again raised questions around Indian economy, opportunities for Indians in India and the IT industry. You can’t compare the opportunities that a $22-trillion economy with 330 million people and a per capita GDP of around $66,000 will provide with a $3-trillion economy with 1.38 billion people and a per capita GDP of around $2200. Today, if India has a large foreign exchange reserve, a big chunk of it is due to the net foreign exchange earned by the Indian software industry and the remittances from Indians in global blue collar jobs. This year, India’s startup industry raised an estimated $30 billion; hardly 10 per cent came from the Indian market.

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History of this topic

India’s startup scene is picking up speed again
1 month, 1 week ago

India’s startup scene is picking up speed again

Hindustan Times  

Visitors to Bangalore, India’s tech hub, quickly learn why locals measure distances in minutes and not kilometres. India’s startup scene has had a difficult few years, as funding dried up and once high-flying firms crashed back down to earth. In January the banking arm of Paytm, an Indian fintech giant, was ordered by India’s central bank to stop all services …

iPhone production likely to double in India due to Donald Trump, adding 200,000 new jobs & $30bn revenue
1 month, 1 week ago

iPhone production likely to double in India due to Donald Trump, adding 200,000 new jobs & $30bn revenue

Firstpost  

Apple’s production increase hinges on the policies of US President Donald Trump, who has repeatedly expressed his intent to impose steep tariffs, between 60-100 per cent, on goods imported from China If Apple implements these plans, India’s share of global iPhone production could rise to over 26 per cent, a substantial jump from the current 12-14 per cent. The Economic …

Tech Titans Flock to India: A Strategic Play for the Future of AI
1 month, 3 weeks ago

Tech Titans Flock to India: A Strategic Play for the Future of AI

Live Mint  

Top tech executives are visiting India to explore opportunities for co-creating intellectual properties in tech, as India is the second-largest developer base in the world after the US. With vast sections of the world’s developer ecosystem either based in India or originating in the region, a concerted effort from the Centre is pushing Indian firms to build foundational technologies. This …

‘About $4 bn imports so far under new import system’
3 months, 2 weeks ago

‘About $4 bn imports so far under new import system’

The Hindu  

With the deadline to review the ‘import management system’ for laptops and other IT products nearing, the firms which received authorisations have imported products worth more than $4 billion this fiscal, an official said seeking anonymity. They sought permission for IT hardware imports worth almost $10 billion, on the scheme’s first day. The new licence regime is applicable to laptops, …

Apple fastest growing firm in India over the last 50 years, ​contributes 14 per cent to tech giant’s total production
4 months, 1 week ago

Apple fastest growing firm in India over the last 50 years, ​contributes 14 per cent to tech giant’s total production

Firstpost  

India’s role in Apple’s global production has grown substantially. This growth not only highlights Apple’s expanding influence in India but also marks it as the largest global value chain operating within the country, surpassing other multinational corporations. According to a recent Economic Survey, India now contributes approximately 14 per cent to Apple’s total production, a sharp increase from the 7 …

India emerged as the most preferred market for tech giants: Apple CEO Tim Cook
7 months, 2 weeks ago

India emerged as the most preferred market for tech giants: Apple CEO Tim Cook

Deccan Chronicle  

New Delhi: India has become a key market for global tech giants, with a burgeoning developer base attracting significant attention. Tim Cook, CEO of Apple, expressed his contentment with India's growing developer community, underlining Apple's holistic approach covering everything from developer support to market strategies and operational efficiency. MoS Electronics and Technology, Rajeev Chandrasekhar tweeted that the CEO of Apple, …

Here's what Tim Cook said after seeing Apple's growth in March quater in India
7 months, 3 weeks ago

Here's what Tim Cook said after seeing Apple's growth in March quater in India

India TV News  

During an analyst call announcing its fiscal 2024 second quarter results with revenue of $90.8 billion, Apple's CEO, Tim Cook, shared that the company experienced strong double-digit growth in India in the March quarter. Cook said that the company is continuing to expand its channels and also working on the developer ecosystem in India as well. Cook said that the …

Hiring now! Apple may create 500,000 jobs in India
8 months ago

Hiring now! Apple may create 500,000 jobs in India

Hindustan Times  

Apple has been trying to diversify its manufacturing base away from China after facing huge difficulties during the Covid-19 pandemic when the production of iPhone and other gadgets came under intense pressure. It has been reported that Apple, via its vendors, may create over 500,000 jobs in India over the next three years, news agency PTI reported quoting government sources. …

Apple set to scale up production India, employ 5 lakh people in next 3 years
8 months ago

Apple set to scale up production India, employ 5 lakh people in next 3 years

Live Mint  

iPhone maker Apple is set to scale up its production in India through vendors and is expected to employ around 5 lakh employees from the country in the next three years, the sources from the government revealed on Sunday. The fresh plans around hiring will be a significant boost from the current level of 1.5 lakh Apple employees in India, …

Setting the rules in disputes over apps
9 months, 2 weeks ago

Setting the rules in disputes over apps

Hindustan Times  

Last week, Google delisted the apps of 10 Indian businesses from its proprietary app store. This incident, which saw some apps relisted after mediated discussions, highlights the need for a thoughtful resolution of business disputes in the digital economy, increasingly contested on the notion of “fairness”. The margins-led fight between apps and their distributors has many analogues, such as telecom …

Manufacturing versus services: A false binary
10 months ago

Manufacturing versus services: A false binary

Hindustan Times  

The debate around India’s policy focus — whether it should be on manufacturing or services — is once again heating up. India’s share of global services exports is currently ~4.4%, and the country is already the largest provider of telecom and information services. The other pillar of the country’s export strategy — services exports — is where India already has …

How Indian startups are contributing to India’s $5 trillion economy goal?
1 year, 2 months ago

How Indian startups are contributing to India’s $5 trillion economy goal?

Live Mint  

Indian startups have witnessed remarkable growth in recent years, with the country emerging as the third-largest ecosystem for ventures globally. In 2022, Indian startups attracted a whopping $42 billion in funding, a substantial leap from the previous year's $16 billion which underscores their pivotal role in India's aspiration to achieve a $5 trillion economy goal. India will soon become a …

Is ‘Esport’ next big thing for India? Zerodha co-founder backs gaming industry
1 year, 4 months ago

Is ‘Esport’ next big thing for India? Zerodha co-founder backs gaming industry

Live Mint  

Recently, India's gaming industry got a major setback after a team of politicians and experts decided to impose 28% GST on online games during the 50th Council meeting held in July. However, according to Zerodha co-founder Nikhil Kamath, the gaming industry is going to be the 'next big thing' for India. Backing his viewpoint about the online gaming industry, Kamath …

Today’s Cache | AI anxiety grips workers worldwide; X exploring trading hub in app; Centre restricts computer imports
1 year, 4 months ago

Today’s Cache | AI anxiety grips workers worldwide; X exploring trading hub in app; Centre restricts computer imports

The Hindu  

AI anxiety grips workers worldwide Therapists are seeing a rise in the number of clients who come to them for help dealing with their fears surrounding the rapid evolution of AI this year. Many who work in fields such as finance and content creation worry that generative AI tools such as the conversational chatbot ChatGPT and the text-to-image generator Midjourney …

Technology will boost the role of MSMEs in India’s export success
1 year, 4 months ago

Technology will boost the role of MSMEs in India’s export success

Live Mint  

During Prime Minister Narendra Modi’s recent visit to the US, technology was centre-stage at several discussions. For example, in alignment with India’s G20 objective of linking micro, small and medium enterprises to global value chains through e-commerce platforms, Amazon announced a goal of $20 billion in cumulative e-commerce exports from India by 2025 and $125 billion by 2030. If India …

Internet economy to become 12–13% of GDP by 2030: Report
1 year, 6 months ago

Internet economy to become 12–13% of GDP by 2030: Report

The Hindu  

India’s internet economy — B2C e-commerce firms, online service providers, ed-tech companies, and so on — will hit $1 trillion in value by 2030, up from $175 billion in 2022, a report by Google, Bain & Company and Temasek estimated. The key thrust would come from “Tier 2+ locations,” the report said, emphasising smaller towns and rural areas, where the …

Indian-origin CEOs run global corporate giants with over $5 trillion revenue, surpassing India's GDP
1 year, 6 months ago

Indian-origin CEOs run global corporate giants with over $5 trillion revenue, surpassing India's GDP

India TV News  

From YouTube CEO Neal Mohan to Google CEO Sunder Pichai to Laxman Narasimhan of Starbucks, at least two dozen Indian-origin CEOs have not only managed global businesses but also exceeded India's current GDP. According to reports, 24 Indian CEO-led global companies - with a collective market value overtaking $5 trillion --surpassed India's current GDP. Power of Indian Entrepreneurship Notably, India's …

New challenges in the Indian IT industry are changing the employer-employee dynamic
1 year, 6 months ago

New challenges in the Indian IT industry are changing the employer-employee dynamic

Hindustan Times  

Indian IT has been a poster child for India not just because of its size and scale but, more important, for its continuous innovation in response to changing market dynamics. First, fast growth in machine learning and Artificial Intelligence is making many old low-tech jobs redundant and creating massive demand at the very top end, which the industry cannot meet …

Apple continuously expanding business operations in India, says Piyush Goyal
1 year, 8 months ago

Apple continuously expanding business operations in India, says Piyush Goyal

The Hindu  

U.S.-based iPhone maker Apple is continuously expanding its operations in India and the government is in regular touch with the company to support its business, Minister of Commerce and Industry Piyush Goyal has said. ‘Will protest interests of farmers, dairy sector in free trade agreement with EU’ India will completely protect the interests of farmers and dairy sector in the …

Technology and cloud to build a better India
1 year, 9 months ago

Technology and cloud to build a better India

Live Mint  

In today’s world, the growing volume of data is driving advances in technologies, such as cloud computing, combined with artificial intelligence and machine learning. A new India—one of the world’s largest technology hubs India is the world’s third largest startup ecosystem, and is fast becoming the SaaS factory for the world. Cloud is now a must for India’s businesses and …

Apple reshuffling management to give more focus on India
1 year, 9 months ago

Apple reshuffling management to give more focus on India

Live Mint  

Apple is reorganising the management of its international businesses to give more focus on India, which has become an important market for the company. In his place, Apple is promoting Ashish Chowdhary, the head of India, who will report directly to Michael Fenger, the company’s head of product sales. Key suppliers are relocating to the region, and Apple is working …

Budget 2023-24 Expectation: It is time government focused on the hardware sector
1 year, 10 months ago

Budget 2023-24 Expectation: It is time government focused on the hardware sector

Firstpost  

India’s IT sector has produced a large amount of foreign export revenue for India and has also gained an awe-inspiring reputation across all industries by creating a large number of job opportunities. In the same vein, the Indian IT service sector might have started producing mobile phones within the country but I think the time has come for India to …

India will be big export economy; to benefit from open and connected internet: Pichai
2 years ago

India will be big export economy; to benefit from open and connected internet: Pichai

Deccan Chronicle  

NEW DELHI: India will be a big export economy and it needs to create a balance between safeguarding citizens and enabling companies to innovate with its framework, Google CEO Sundar Pichai said on Monday. While speaking at Google for India event, Pichai said that the company is focussing on startups from India and out of its USD 300 million for …

57% of IT Professionals Would not Consider Returning to IT Services Sector: Survey
2 years, 2 months ago

57% of IT Professionals Would not Consider Returning to IT Services Sector: Survey

News 18  

As many as 57 per cent of IT professionals claim that they would not consider returning to the IT services sector in the future in a recent survey ‘Talent Exodus Report’ released by tech staffing firm, TeamLease Digital. The survey reveals that employees’ preference has changed from salary to flexibility, career growth, and value proposition. Read | In World of …

India has a unique role to play in global economy: Walmart
2 years, 3 months ago

India has a unique role to play in global economy: Walmart

The Hindu  

India, with its deep pool of talent, proven ability to leapfrog existing digital technologies and extensive manufacturing expertise, has a unique role to play in the global economy, said Judith McKenna, President and CEO of Walmart International. “We’re building on what we’ve learned here in India, creating opportunities and access for customers and businesses that they never had before,’‘ she …

India@75: IT sector’s historic rise since Independence to become a global powerhouse
2 years, 3 months ago

India@75: IT sector’s historic rise since Independence to become a global powerhouse

Firstpost  

Considering its fast growth pace, India is at the centre of global IT attraction with players betting big on the future of IT in India Technology has changed the way we communicate, pay bills, commute, interact with governance, and even the way we perceive entertainment. Our government’s flagship initiative, Digital India, has aided in spreading internet access in the remotest …

India could play the catalyst for tech innovation across the world
2 years, 4 months ago

India could play the catalyst for tech innovation across the world

Live Mint  

Over the past few decades, India has played a decisive role in serving as an innovation powerhouse of the world. Several factors, including India’s focus on technology and service delivery, ease of doing business, world-class infrastructure, favourable demographics, a vibrant startup ecosystem and a vast pool of digital talent, allow us to strategically position India as the innovation nerve centre …

India to lose $118bn in GDP, 5mn jobs by 2026 if it lags in cloud adoption: Nasscom
2 years, 5 months ago

India to lose $118bn in GDP, 5mn jobs by 2026 if it lags in cloud adoption: Nasscom

Live Mint  

India may stand to lose $118 billion in GDP contribution and five million job opportunities by 2026, if businesses and government are late to cloud adoption, said industry body Nasscom in a recent report. Large scale Cloud adoption can contribute $380 billion to India’s GDP and add 14 million direct and indirect employment opportunities by 2026, it said. Moreover, with …

India Inc could play a lead role in our economy’s global emergence
2 years, 5 months ago

India Inc could play a lead role in our economy’s global emergence

Live Mint  

As India celebrates its 75th year of Independence with the Azadi ka Amrit Mahotsav, we stand at the cusp of a new emerging world order. As former PM Manmohan Singh had commented, “The brightest jewel in the British crown was the poorest country in the world in terms of per capita income at the beginning of the 20th century.” Post-independence, …

Indian Tech Industry Generates $103 Billion, Directly Employs Over 2 Lakh People In US: Report
2 years, 5 months ago

Indian Tech Industry Generates $103 Billion, Directly Employs Over 2 Lakh People In US: Report

News 18  

The Indian tech industry generated $103 billion of revenue and directly employed 2,07,000 people in the US with an average wage of $1,06,360. “The Indian technology Industry makes critical contributions to the US economy through local investments, fuelling innovation and the labour force, and enabling skill development for the local workforce,” said Ghosh. The direct impact of the Indian tech …

Indian startups should build products for the world to sustain wave
2 years, 8 months ago

Indian startups should build products for the world to sustain wave

Live Mint  

Entrepreneurs driving India’s great tech wave should build products for the globe, as they might find it difficult to sustain the wave with only India as their market, feel tech investors and startup founders. “We may have to look at Indian companies actually building global platforms and global businesses as against just only focusing on India for a short- to …

Budget 2022: Incentivise tech adoption among small and medium businesses
2 years, 10 months ago

Budget 2022: Incentivise tech adoption among small and medium businesses

Firstpost  

Union Budget 2022-23: Govt should also look at doing away with mandatory GST registration for businesses with a turnover of less than Rs 40 lakh The Small and Medium Business sector is among the most important sectors of the economy. Incentivise tech adoption among SMBs The Budget presents a good opportunity for the government to incentivise tech adoption among SMBs. …

An enabling framework to drive the technology sector’s growth
2 years, 10 months ago

An enabling framework to drive the technology sector’s growth

Live Mint  

The strong third-quarter results announced by India’s technology companies in an otherwise seasonally-weak quarter reinforces the reading that global demand for technology remains buoyant and the industry is emerging as the partner of choice for enterprise digital transformation. It will require a partnership with the government on developing the tech ecosystem and reinforcing Digital India’s innovation capability in existing and …

Investments in Indian SaaS grew 170% this year
3 years ago

Investments in Indian SaaS grew 170% this year

The Hindu  

Investments in Indian Software as a Service rose to $4.5 billion in 2021, growing 170% from 2020, driven by a surge in the number of $50 million + deals, according to a report released yesterday by Bain & Company, a global consultancy firm. The report titled 'India SaaS Report 2021: SaaS companies will lead India’s next wave of technology giants', …

The US and India have a lot of work to do on digital cooperation
3 years, 5 months ago

The US and India have a lot of work to do on digital cooperation

Al Jazeera  

As tensions escalate between US social media giants and India’s gov’t, is there a more productive path forward for both? India also stands to gain from more cordial relations with US tech behemoths, said Rahguraman, by helping New Delhi check neighbouring China’s influence at home and abroad, including in the digital domain. “You need an entire office just to deal …

India adds 1600 tech startups in 2020: Nasscom
3 years, 10 months ago

India adds 1600 tech startups in 2020: Nasscom

Live Mint  

India added more than 1,600 tech startups in 2020, making it the third-largest tech startup hub in the world, industry body Nasscom said in its Strategic Review 2021 titled ‘New World: The Future is Virtual’. Indian tech contributed about 8% relative share to the national gross domestic product, despite headwinds in 2020, with 52% relative share in services exports and …

Shared India-US values could spur tech-sector growth
4 years, 1 month ago

Shared India-US values could spur tech-sector growth

Live Mint  

As a high-decibel US election draws to a close, and China continues to assert its supremacy in Asia, India must make some tough economic choices. The US is a $30 billion service export market for India, a figure that is about two-thirds the size of India’s overall trade deficit with China in 2019. Trade barriers can be applied online without …

Apple's vendors, Samsung, others to boost India's phone manufacturing scheme, says Govt: Highlights
4 years, 4 months ago

Apple's vendors, Samsung, others to boost India's phone manufacturing scheme, says Govt: Highlights

Live Mint  

Twenty-two mobile phone companies and electronic components manufacturers have applied for large-scale electronics manufacturing rights in India under ₹11 lakh-crore scheme over the next five years, announced by the government today. Prasad said these proposals under the government’s ₹41,000-crore production-linked incentive scheme for mobile phone manufacturing are expected to create around 12 lakh jobs, 3 lakh direct and 9 lakh …

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