Diabytes
Indian IT sector News
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India is a great place for innovation and there is a lot of opportunity for Indian firms and start-ups to work with Microsoft and develop cloud-based tools and platforms for a global marketplace, according to a senior official of the software giant.
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The H1B issue not just affects the Indian IT sector but also Chinese students studying in the US, hence, Beijing supports India's stance, the article said.
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Union minister Ravi Shankar Prasad on Sunday dismissed as "completely wrong" the reports of a downturn in the Indian IT sector and said a good number of people will get jobs in the current fiscal.
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Stating that the reports of mass layoffs were incorrect, it said workforce realignment, linked to performance appraisal processes, is a regular feature every year.
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Indian IT sector is already quaking with fear at potential changes to the US immigration norms with the largest recruiters at B-schools cutting down their hiring.
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The exact nature and extent of the impact - if "Brexit" happens - will emerge over a longer period of two years or more.
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Jobs in the Indian IT sector are likely to remain stable at least till 2020 as per a report from World Economic Forum, Parliament was informed on Friday.
These IT innovations are never named because of the confidentiality clause with customers.
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