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TECH BYTES – Monthly Tech Industry Bulletin –August 2021

August 10, 2021 3051 0 nasscom insights

TECH BYTES – Monthly Tech Industry Bulletin –August 2021

The month witnessed a tapering of the second wave of COVID in many states, along with the aggressive vaccination push, leading to a few bright spots for the near-term prospects of the Indian economy. Several high frequency indicators of economic activity are recovering, albeit gradually. The first quarter results for FY2022 published by most technology firms recorded growth in revenues with hiring activity at an all-time high, surpassing pre-covid levels. Not just the Services sector, India's Manufacturing PMI also rose to a 3-month high in July 2021 as demand improved and Covid restrictions eased. The pandemic has overturned everything, and the ‘Future of work’ is no exception. In this issue we cover briefly the Future of Work landscape in India. With normalcy returning, will return to workplace be possible soon? Will it be the same as pre-covid days? These are questions leaders are trying to address and NASSCOM is studying this area in detail. We will soon be publishing our findings in an upcoming report. Stay tuned for more. Do share your feedback and thoughts – research@nasscom.in.

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