By Sairam Krishnan & Avinash Raghava
The current state of India’s services and software industry is on thin ice. Business has slowed as the nature of their clients, and the way they do business, has been changing at a rapid pace. This means there will be an impact on the fortunes of and jobs in the IT services industry — and, indeed, the broader economy. We are already seeing this play out around us.
But there may be a sliver of light among these clouds, one that has the potential to become especially bright. Before we get to that, though, let’s do a quick macro-level rewind of the Indian economy. One reason to do this is that we want to talk a little bit about jobs.