THE END OF 2022 was marked by news such as ‘the big trillion-dollar tech meltdown’, ‘the great layoffs’ and the like, headlining the commencement of a tough period for the global IT and tech industry. A series of costcutting and restructuring drives began that impacted other sectors as well, including startups, and India was not spared either. India was already braving the funding winter last year and is now bracing for a slump in global tech services demand. This not only translated into significant layoffs across companies but also impacted campus hiring and revisiting required skill sets. While it is true that the situation is not as glorious as it was a year ago, at least in India, it is not all that grim.
Silver Linings
In its latest report, the World Bank said that India’s GDP growth is likely to moderate to 6.3 per cent in FY24 due to shrinkage in consumption on the back of slower income. The report added that India’s growth continues to be resilient despite these signs. India is one of the fastest-growing economies in the world despite significant global challenges. While the signs of deceleration are real, India is among the few countries, where some areas continue to grow. A case in point is tech startups. This is where a large part of layoffs took place but the direct-to-consumer brands continue to attract investment, capitalising on consumer behaviour and FOMO (fear of missing out) funding.
この記事は Business World India の 22 April 2023 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
すでに購読者です ? サインイン
この記事は Business World India の 22 April 2023 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
すでに購読者です? サインイン
MEMORIES & IMPRESSIONS
Ratan Tata was an exceptional human being. He was a visionary leader, esteemed industrialist, and a humanitarian, who left an indelible mark on India and the world.
The Robotaxi Market
The robotaxi market is shaping up to be a high-stakes battleground as tech giants and automakers race to transform urban mobility.
And the Nobel Prize Goes to AI
The recent Nobel Prize T awards to AI pioneers affiliated with Google have sparked a broader conversation about Big Tech's influence on research and the limitations of traditional prize categories.
Ola Electrified
Once considered a trailblazer in India’s electric vehicle (EV) ecosystem, Bhavish Aggarwal’s Ola Electric now faces a major accountability crisis.
Sharp Slide in Industrial Output on Eve of Deepavali
India’s index of industrial production (IIP) saw a sharp reversal in August, contracting by 0.1 per cent, in stark contrast to the 4.7 per cent growth in July, mostly because of significant contractions in mining and electricity generation.
Heralding the Solar Era with Sustainable Electrification
RAJEEV KASHYAP on the economics of solar power, the hurdles in scaling it, and much more
A WELL-GREASED MACHINE
The OmniBook X14 laptop runs on first-generation Snapdragon X Elite, which bets big on Al-enabled productivity and battery life, but falls short when it comes to overall experience, says Deep Majumdar
DO NOT LETA HEALTH CRISIS RUIN YOUR FINANCIAL HEALTH
For a family of four living in a metro, it is recommended to opt for a family floater health insurance plan with a sum insured of at least Rs 15-20 lakh
Disruption Ahead: Beyond Organisation Charts and Structures
ALBERT EINSTEIN FAMOUSLY said, “We cannot solve our problems with the same thinking we used when we created them.
Dr. Rahul Shivajirao Kadam: A Visionary Leader Blending Sustainability, Innovation, And Social Empowerment
We are on the stage of global warming, and these technologies not only help prevent further damage but also leave behind a better environment for future generations.
