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The Indian IT and Business Services market was valued at $13.41 billion in 2020 and recorded a 5.41 per cent year-over-year (YoY) growth as compared to 8.43 per cent in 2019, an International Data. ....
February 23, 2021 India was forced into a mass remote working experiment in 2020 due to the Covid-19 pandemic which many said would kill the office space industry but that hasn’t really happened. As business activities slowly restarted in India in the second half of 2020, “the office market witnessed green shoots of recovery,” UK-based commercial real estate services company JLL said in a report on Feb.22. In October-December, the news of vaccine deployment boosted sentiments further. In the last quarter of 2020, net absorption space that was physically occupied minus that which became vacant increased by 52%. In 2021, net absorption is likely to hover around 30 million square feet, which will be at par with the levels seen during 2016-2018, JLL said. ....
Indian tech industry to add 1.38 lakh jobs in FY20-FY21 The fast-paced growth that India s technology industry has been witnessing in the last few quarters is here to stay, as a majority of CEOs surveyed by industry body Nasscom expect to see significantly higher growth and hiring than 2020 as more companies adopt technology to grow their business in the post pandemic world. As part of its annual strategic report shared on February 15, Nasscom also said the size of the technology industry is estimated to grow 2.3 percent to $194 billion for the year ending March 2021, compared to $190 billion last year. Exports stood at an estimated $150 billion from $147 billion last year. The industry grew 7.7 percent in FY20. Indian tech contributed ~8% relative share to the national GDP, with 52% relative share in services exports, and 50% share in total FDI (Based on FDI inflows for the period April to September 2020). The report further said that the Indian tech industry continues to be ....
Synopsis Called the US Citizenship Act of 2021, the legislation modernises the immigration system, and also proposes to eliminate the per country cap for employment-based green cards, a move that would benefit thousands of Indian IT professionals whose current wait period for legal permanent residency runs into several decades. Agencies According to the White House, the bill clears employment-based visa backlogs, recaptures unused visas, reduces lengthy wait times, and eliminates per-country visa caps. Newly minted US President Joe Biden sent a comprehensive immigration bill to Congress which proposes major overhauls to the system, including granting legal status and a path to citizenship to tens of thousands of undocumented immigrants and other groups and reduce the time that family members must wait outside the US for green cards, on the day one of his presidency ....