The level of stress that hits with job loss can have a host of negative effects on an individual's well-being, which eventually may hinder their ability to become re-employed.
In this regular column, our industry expert weighs up the impact of start-ups on jobs. There has been an ongoing discussion on whether technology creates jobs or kills them. With the surge in the number of tech-based start-ups on the rise, there have been discussions on the impact start-ups make on jobs. Research has time and again shown that technology has net-net created far more jobs than it has destroyed. A study by Deloitte drew on data going back to [...]
Re-skilling and up-skilling must go hand-in-hand with tech advances in India, writes a digital expert.
Last month, the lead singer of 70s band Talking Heads, David Byrne, wrote in the ‘MIT Technology Review’ about how tech is eliminating humans. With AI, autonomous vehicles, robots, automated self-service check-outs, and lots more, he says the art of human interaction will die away, since there will be no humans doing the traditional jobs of serving customers. But what does that mean for India, where there are over a billion people: if tech will replace all the manual jobs that give people a daily living, what will they do?
Indians spend an estimated $20 billion on their travels around the world, boosting local economies and creating jobs. A WTO study says this figure will rise to $60 billion by 2020, or about the same as the total FDI inflow into India last year. Let us start with two simple quiz questions: Which Indian group has spent the largest sum of money in the US since the turn of the millennium? And ditto for Europe? Okay, here’s are a few [...]
Now that Mrs May has triggered formal divorce proceedings with the EU, India Inc. CEO Manoj Ladwa explains how the UK could learn a lesson or two from the Japanese on getting up close to Modi's India. The late Sir James Goldsmith, the billionaire financier who spent a considerable part of his personal fortune on a campaign to force Great Britain out of the European Union, once famously said: “When a man marries his mistress, he creates a job vacancy.” [...]
As the Donald Trump administration begins to deliver on his poll promise of cracking down on the alleged misuse of H1B visas, Indian IT companies are feeling the pinch. Donald Trump’s election rhetoric is returning to bite the Indian IT sector as policy formulations of the new US administration. First, here are some updates on the bad news on H1B visas, the visa category mainly used by Indian IT companies to ship Indian IT professionals to the US. Tougher norms [...]
The immediate impact of demonetisation will mean a slower pace of job creation but, overall, there is some good news in store for the New Year. How long will the current phase of jobless growth in India, which began during the UPA II regime continue? And when will the Narendra Modi government’s flagship schemes such as Make in India, Start-up India, etc., start generating jobs – which, for many Indians, remains the true touchstone of the achcche din (good times) [...]
An Indian visa strategist demystifies some of the jargon that is often associated with very simple travel procedures for the country and analyses how the e-visa is changing the landscape for business travel to India. When one hears the words Indian visas, one usually has images of nightmare queues and waking up at ridiculous hours of the morning to trek to the Indian mission. Well, with the advent of an online visa (the so called e-Tourist Visa (e-TV for short)), [...]
With a million people entering the job market every month, India’s economy desperately needs to find a way to make space for them. The morning of September 17, 2015, India woke up to a curious headline: PhD holders among 2.3 million applicants for peon jobs in UP. The response to 368 vacancies for peons in the most populous state of the country had been a record of sorts. The minimum qualification for the post was no more than school education [...]
Shankar Ranganathan sacrificed millions of dollars in lost bonuses at the world's top consultancy firms to heed Prime Minister Narendra Modi's call to help rebuild India. Today I work for India. My client is not an MNC in Southeast Asia or Australia or the Middle East. At Invest India, our mission is to bring out a step-change in how and how much FDI comes into India. Our team of young professionals at Invest India are working to create immediate and [...]