This Is What IT Companies Of India Need From 2018
“What does not kill you turns you stronger.” That is almost certainly the prescription medicine for the IT industry of India worth $150 Billion that encountered various headwinds in the shape of slowdown in client investment and elevated visa scrutiny this year.
But 2018 pledges to be more advanced since clients loosen strings of their purse for up-and-coming techs such as artificial intelligence and automation to augment productivity and efficiency and to remain ahead of rivalry. “2017 was nothing like any other year. There were economic and political features at play that contributed to the difficulty. There was elated visa scrutiny, clients held back IT investment,” claimed president of software group Nasscom, R Chandrashekhar, to the media in an interview.
The President of the U.S., Donald Trump, gave on his election pledge and took different measures to squeeze visa regulations. The contentious migration order in opposition to individuals from 7 Muslim-majority nations drew aggravation from US-located tech majors such as Facebook and Google who claimed that such actions generate obstructions to bringing fine skills to the U.S.
The U.S. also postponed the premium handing out of H-1B visa segment. The U.S., which adds up for almost 60% of IT export profit of India, also took various measures to market what it dubbed as “Buy American and Hire American.” It is now mulling over canceling an Obama-era regulation that expands work authorization to the partners of holders for H-1B visa, a decision that might impact thousands of employees of India and their families.
“The new authoritarian hurdles arriving from latest visa rule with Trump management and also alterations to visa regulations in nations such as Australia, the U.K., and Singapore will lower down people mobility and therefore lower the suppleness in scaling companies,” B V R Mohan Reddy, the Executive Chairman and Founder of Cyient, claimed to the media in an interview.