While Covid-19 has rapidly accelerated new ways of working. That presents a great opportunity for India – bolstered further by the urbanisation and younger demographic trends of the country as well as the massive jump in venture capital that India has seen in the last three years.
The internet and digital technology are the new superhighways of trade. India, where most workers are employed in the informal sector and the participation of women in the labour force is low, has an opportunity to seize the opportunities that digital technology provides.
An expert quoted, “Innovation is also a friend to entrepreneurs and India’s entrepreneurial spirit makes it an ideal incubator for start-ups to thrive. Tech leaders believe the industry’s future success will rely on a balance between physical workspace and greater flexibility.
When many offices and downtown areas locked down early in 2020, entire workforces shifted to remote-working with some employees leaving major cities to find more space at a lower cost among other factors. But the report said tech leaders believe the industry’s future success will rely on a balance between physical workspace and greater flexibility.
Another expert says, engineering talent and intellectual property are the lifeblood of the tech industry and retaining top talent is a strategic imperative. “Employers know this and are striving towards flexible work arrangements including permanent hybrid workforce models. As the workforce disperses geographically, new hotbeds of technically skilled workers will emerge.