Suryavanshi Ventures’ Post

Did you know that less than 10% of salaried jobs in India offer a monthly income of 50,000 rupees ($600) or more, while more than two-thirds of workers earn less than 20,000 rupees monthly? This stark income disparity is a challenge that demands urgent attention and innovative solutions. Enter Artificial Intelligence. AI has the potential to revolutionize industries and create new opportunities for economic growth. Here’s how we can leverage AI to address this crisis: >Skill Development: AI can personalize learning experiences, helping individuals acquire new skills faster and more effectively. By democratizing access to quality education and training, we can prepare a workforce ready for higher-paying jobs. >Job Creation: AI can identify emerging job markets and help businesses scale efficiently, leading to the creation of more well-paying jobs. By fostering innovation, AI can stimulate growth in sectors that have traditionally been underserved. >Efficiency and Productivity: Implementing AI-driven solutions can increase efficiency in various sectors, boosting productivity and, ultimately, wages. By automating routine tasks, AI frees up the human potential for more complex, rewarding roles. Entrepreneurship and Innovation: AI can empower entrepreneurs with tools and insights to develop new business models and solutions. This can lead to the creation of startups that contribute to economic growth and provide employment. To tackle income disparity, we must embrace AI as a tool for empowerment and transformation. By investing in AI research, education, and infrastructure, we can create a more equitable future for all. What are your thoughts on leveraging AI to solve economic challenges? Share your insights in the comments! 👇 #AI #IncomeDisparity #EconomicGrowth #SkillDevelopment #Innovation #FutureOfWork

#Placements hit a wall as tech #disruption and #economic uncertainty reshape #hiring dynamics across #Bschools. Should #institutions own placements because that is the informal guarantee they give to students? I explore this in the October issue of Fortune India magazine. #BSchools #Jobs #Hiring #CampusPlacements

Today's thought --- India’s economy is evolving at an unprecedented pace, driven by advancements in technology, global integration, and a surge in entrepreneurial ventures. As a recruitment professional with 12 years of experience, I see this transformation as both exciting and challenging. I’ve seen firsthand how industries like fintech, e-commerce, and Digital Marketing are not only reshaping the job market but also creating new types of roles that never existed before. For instance, a few years ago, the demand for data scientists and data engineer or Prompt experts was almost non-existent in my early days, but now they are some of the most sought-after skills. Companies are no longer just looking for degrees; they’re prioritizing skills, adaptability, and a growth mindset. This shift has also amplified the need for diversity, inclusivity, and innovation in hiring practices. However, rapid change comes with its challenges—bridged the skill gap, adapting to AI-driven recruitment, and managing the expectations of a workforce that values flexibility and purpose. For me, navigating these changes means staying ahead of industry trends, continuously learning, and fostering connections that drive impactful hiring decisions. It’s been a thrilling journey, and each challenge has made me more resilient as a professional. It’s exciting to be part of an economy that’s not just growing but transforming lives and industries alike. What’s your take on this? Have you noticed similar changes in your field? --- #RecruitmentProfessional #IndianEconomy #TalentAcquisition #GrowthAndOpportunity

BEYOND DEGREES: SKILLS ARE THE NEW CURRENCY IN HIRING The talent game in India has changed. Degrees are no longer the kingmaker—skills are. This seismic shift, driven by the rise of skills-based hiring, is revolutionizing recruitment across IT and non-IT sectors. The focus? Practical expertise over paper credentials. And it’s not just a trend—it’s a transformation. WHY THIS SHIFT MATTERS For decades, hiring in India was chained to degrees. But the workforce evolution, fueled by tech innovation and global competition, demanded a rethink. A 2023 NASSCOM report highlights this change: 70% of IT firms now prioritize skills over degrees. It's not limited to IT—healthcare, manufacturing, and finance are catching up. - IT Pioneers: Giants like IBM have dropped degree requirements for most roles. Only 29% of IBM's positions now demand formal qualifications. - Finance Reboot: With rapid fintech evolution, analytical and adaptive skills trump old-school qualifications. - Healthcare Surge: Hands-on medical expertise and tech adaptability are the new must-haves. TECHNOLOGY: THE GAME-CHANGER The shift isn’t just cultural—it’s technological. **AI-driven tools** now assess candidates through real-world problem-solving scenarios, discarding the resume-first approach. A **LinkedIn report** states that **75% of recruiters** believe skills-first hiring will dominate in the next 18 months. The result? Faster, sharper, and more inclusive hiring. Platforms like #upGrad** and #Coursera bridge the gap, equipping candidates with in-demand skills through targeted programs. The message is clear: "If you’re not learning, you’re lagging." INCLUSIVITY AND OPPORTUNITY By breaking free from degree constraints, skill-based hiring democratizes opportunity. It levels the playing field, giving self-learners and unconventional talent a shot at careers they once couldn’t dream of. Stories like Priya Gupta’s, a civil engineer turned digital marketer, remind us that skills—not degrees—can unlock greatness. CHALLENGES TO CONQUER This isn’t a flawless shift. Measuring soft skills and setting robust assessment standards remain hurdles. Moreover, education systems must catch up—curriculums need alignment with market demands to create job-ready graduates. BGR: PARTNERING IN THE SKILLS REVOLUTION At Blue Genes Research (BGR), we’ve been ahead of the curve, handpicking talent with the right skills and EQ, not just IQ. As a global bespoke boutique recruitment solutions firm, we deliver best-fit talent with unmatched precision and speed. We thrive in the complexity of skills-first hiring because "redefining recruitment isn’t just our job—it’s our DNA." #SkillsBasedHiring #TalentRedefined #FutureOfRecruitment #BGR #BlueGenes #Research #NPAWW #CXO72 #RatneshJain #FutureOfWork #HiringTrends #FutureOfJobs

🚀 Economic Growth & Job Creation: A Balancing Act for the IT/ITeS Sector 🌐 India's rapid economic growth offers exciting opportunities & unique challenges for the IT/ITeS industry. 📈 The surge in demand for tech services is promising, but rising global competition keeps us on our toes. 🏃 To stay competitive, we’re prioritizing a multi-faceted approach: • Upskilling & Reskilling 👨🏫📚: Investing in our talent is key. As technology evolves, so must our workforce, with skills in AI, data science, & cybersecurity becoming increasingly essential. Upskilling not only meets market demands but also empowers employees to thrive in a tech-driven world. • Innovation & Digital Transformation 💡🚀: Innovation is the backbone of progress. By driving digital transformation, we’re not just meeting client needs but also setting industry standards in a fast-paced landscape. • Global Expansion 🌍📈: Growth shouldn’t be limited by borders. Exploring new markets diversifies our client base, spreads risk, & fosters resilience in an unpredictable global economy. • Sustainable Growth Practices 🌱: We’re committed to responsible expansion, balancing economic success with eco-conscious efforts. This not only benefits our communities but also aligns with the values of today’s consumers & clients. 💬 How are you prioritizing India’s economic potential while navigating challenges? #IndiaEconomy #ITIndustry #DigitalTransformation #Upskilling #JobCreation #SustainableGrowth nasscom, Tata Consultancy Services, World Economic Forum, Satya Nadella, UN Sustainable Development Group Ramanuj Mukherjee, Abhyuday Agarwal, Skill Arbitrage & SAURABH RAJ

"Tough times don't last, tough people do" - I shared in my recent campus appearances.. IN 2001 / 2k01: When I graduated, three forces were shaping the business outlook - 1. Y2K scare - which led to the euphoric growth of Software Services economy in India 2. Dot-com bubble burst - led to the re-invention of web as 2.0. 3. 9/11 attack and the ensuing evolution of aviation, security, financial, technology industry. The times were tough - I wrote-off my campus start-up after big customers - BPL, Hutchinson, Batelco, Singtel, Kencell, withdrew. I was committed to entrepreneurship, so I declined the campus offer I had from Deloitte in Orange County. To learn, I joined a recession-proof startup for while and then shifted from Mumbai to Surat (a low cost city) to work for a friend, on my next startup idea. The civilization evolved and the recovery was quick and robust. In the meantime, I connected with another close friend to work for NSE on a lifetime opportunity, and I emerged learned and tougher. TODAY: There are 3 forces that are shaping up the business outlook now - 1. Great Reset - defined by COVID exuberance 2. Economic headwind - War reconfiguring supply chain and shift in manufacturing, slowing consumer spending and Developing economies hitting recession. 3. Era of Copilot - questioning the need and skillset of entry level white-collar jobs. We're learning a whole lot as we're evolving, it's important during these times to stay put, stay connected, and seek and lend support! In short, recessions are short lived, these are the time to reinvent, reconnect and reemerge as "Tough times don't last, tough people do". #RecessionProof #Job #Resilience #Grit #Entrepreurship #Entrepreneurial

𝐅𝐮𝐭𝐮𝐫𝐞 𝐨𝐟 𝐓𝐞𝐜𝐡: 𝐏𝐨𝐰𝐞𝐫𝐞𝐝 𝐛𝐲 𝐈𝐧𝐝𝐢𝐚!   India's tech industry is thriving, boasting a massive pool of skilled graduates and a strong female representation (43-48%)! With the government investing heavily (₹3,517.31 crore!) to boost workforce competitiveness, the future looks bright.   𝐇𝐞𝐫𝐞'𝐬 𝐰𝐡𝐚𝐭 𝐦𝐚𝐤𝐞𝐬 𝐢𝐭 𝐦𝐨𝐫𝐞 𝐢𝐧𝐭𝐞𝐫𝐞𝐬𝐭𝐢𝐧𝐠 : a. India leads the way with one of the lowest tech talent demand-supply gap compared to other major economies (25%-27%). b. The government's commitment to upskilling ensures a future-ready workforce! 𝐄𝐱𝐜𝐢𝐭𝐢𝐧𝐠 𝐨𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐢𝐞𝐬: a. The demand for digital skills like AI, Data Science, and Cloud Computing is booming, opening doors for talented individuals! b. With a projected demand exceeding 7.5 million by 2030, there's immense potential for growth in these fields. Let's understand better from you all as to how can we upskill for the future?    #IndiaTech #TalentAcquisition #FutureOfWork Taggd Devashish Sharma Manish Gupta Anshuman Srivastava Kamakshi Pant Nizar Ali Hamid Vivek Sethi Rahul Khurana Amit Jain

🚀 Exciting Times Ahead in India's IT Industry! 🌟 ℹ️ Recent Developments: The Indian IT industry is poised for growth with a projected CAGR of 10% during 2022-2026. Despite challenges like muted revenue growth and recessionary fears, the sector thrives on trends such as AI, automation, and fresh talent recruitment. 🔍 Key Insights: Challenges & Opportunities: The industry faces revenue growth hurdles but embraces new tech opportunities. Driving Growth: Emergence of AI and automation fuels industry advancements. Talent Focus: Increased hiring of freshers signifies the industry's commitment to nurturing new talent. Industry Associations: NASSCOM plays a pivotal role in steering industry-wide initiatives and collaborations. ✨ Embrace the Future with the Indian IT sector as it navigates challenges to unlock new opportunities and drive innovation! 💡💬 #IndianITIndustry #TechTrends #Innovation #FutureofWork #NASSCOM #AI #Automation #FreshTalent #LinkedInPost

Ever wondered why India is facing a resource crunch and why many professionals are moving abroad for better pay? Here’s a snapshot: 1. Skills Gap: We’re producing lots of graduates, but the education system isn’t aligned with industry needs. Many aren’t trained in advanced tech, leadership, or critical thinking, leaving companies struggling to find job-ready talent. 2. Tech Advances: Emerging fields like AI and automation are growing fast, but employees aren’t catching up quickly enough to fill these roles. 3. Education vs. Industry: Too much focus on memorization in schools means less problem-solving and creativity—skills that are crucial in today’s workplaces. 4. Brain Drain: Talented professionals are seeking better opportunities abroad, which means we’re losing top talent. 5. Uneven Development: Resources are concentrated in big cities like Bengaluru and Mumbai, leaving smaller cities and rural areas behind. 6. Low R&D Investment: Indian companies lag behind in research and development investment, slowing innovation and tech growth. 7. Infrastructure: Many regions lack proper infrastructure like technology and logistics, which limits productivity. 8. Leadership Gaps: Companies aren’t investing enough in leadership development, leading to a shortage of effective leaders, especially at senior levels. To overcome this, we need to bridge the gap between education and industry, invest in infrastructure, and focus on leadership development. Only then can we solve the resource crunch and retain talent! At Write IT Solutions Pvt Ltd, we’re actively working to overcome these challenges by bridging the gap between education and industry, investing in cutting-edge tech training, and focusing on leadership development. #LearningAndDevelopment #BridgeTheGap #TechnologyAdvancement #LeadershipDevelopment #SkillGap

Indian IT services industry is facing a significant challenge as clients increasingly in-sourcing critical technology projects, a trend corroborated by recent reports. This shift is evidenced by the growing number of #GlobalCapabilityCenters (GCCs) being established in India, allowing multinational companies to directly access the country's rich software talent pool. The Economic Survey highlights a concerning trend: the share of software services in total services exports has declined from 50% in FY21 to 48% in FY24. This decline aligns with the reduced hiring observed in the IT sector, with fresh graduates particularly affected by the slowdown. As of 2023, the IT sector employs approximately 5.4 million people in India. However, the industry is experiencing a notable slowdown, with online hiring activity dropping by 18% compared to 2022. More alarmingly, five out of the top six IT firms reported a collective decrease in headcount of around 75,000 in FY24, indicating not just a hiring slowdown but also significant layoffs. Conversely, the #GCC sector in India is witnessing remarkable growth. #GCCs play a crucial role in driving core business agendas such as engineering, product development, and the application of AI and data analytics for their parent companies. The number of #GCCs has increased from 1000 in 2016 to over 1600 in 2023, generating a combined revenue of $46 billion. This figure is projected to reach $120 billion by 2030, highlighting the sector's rapid expansion. #TechTalent #Innovation #GCCs #UnionBudget2024 #TechTalent #Fortune500 #GlobalCapabilityCenters #Forbes2000 Analysis courtesy: x.com/swaminathankp/…