Massive investments in reskilling staff, as well as local hiring, help IT ride out the digital disruption. Nearly a third of India’s IT revenue comes from digital, a segment that is growing over double digits for these firms.
India’s top IT firms are back on growth path as clients they serve increasingly invest in technology to be competitive and avert business disruption from startups.
You might also be interested to read: Invest In Indian Startups For Best Returns, Says PM
A few years ago, Indian IT firms saw their traditional business model under threat from digital — a set of technologies that help clients build applications for both desktops and smartphones and access them on the internet anywhere and anytime. Global banks and manufacturing firms were cutting their spending on traditional services and shifting their budgets to digital. At the same time, growing protectionist sentiments in its main market, the US, meant that firms faced roadblocks in getting H-1B visas and had to hire high-cost resources locally.
Source: Economic Times
