Page 95 - Edelweiss India Conference 2022 FLIPBOOK

New Energy Digital Manufacturing Capital Markets Human Capital

businesses world over are scrambling to digitalise operations in the wake of dislocations
caused by pandemic-triggered lockdowns. Accordingly, Indian IT services companies are
winning huge deals and reporting a raft of headcount additions.

From a slightly critical standpoint, that there’s a huge shortage of the workforce in an
industry that’s India’s corporate calling card shows lack of readiness and foresight—on
the policy front of course, but also at corporates, which have been in the business of From a slightly critical
outsourcing for the past two decades. standpoint, that there’s
a huge shortage of the
Even so, what counts the most is to get going and tap into every iota of opportunity to workforce in an industry
provide livelihoods to swathes of youth. This must be tackled on many fronts: right from that’s India’s corporate
calling card shows
lack of readiness and
That the quality and breadth of education and vocational training centres must be raised foresight
by at least a few notches would be sagacious. And the ultimate aim could be to broaden
out the human capital success seen in IT outsourcing to other segments of the economy.

— is crucial in riding the ongoing trend that can absorb readily employable youth.

Global technology and business services spend (USD bn)

3-4% 3,950 - 4,100
1,170 - 1,400 3,440 - 3,550

2,757 -15-25% -450 - -650 80% 35% +30% 60%
10% 100% 20%

15-25% of traditional 80% of new spend
spend saved by going around digital
digital technologies
90% 65%
40%

2014 Traditional spend New service lines 2020E 2025E
evaporates
Digital tech Traditional tech

Source: Nasscom

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