New Delhi, 12th March 2019: The National Association of Software and Services Companies (NASSCOM)... View Details
NASSCOM, a not-for-profit industry association, is the apex body for the 154 billion dollar Indian IT BPM industry.
Prime Minister Shri Narendra Modi, referred to NASSCOM as a “revolution”, beyond its time-tested role as an association.
Established in 1988, NASSCOM has relentlessly catalysed the Indian IT BPM industry in its journey towards building an innovation led growth sector, with transformative business models, expanding its value proposition and becoming a partner of choice for global businesses.
Latest At NASSCOM
The Brexit vote
The UK Parliament on March 12th inflicted a defeat on PM May, rejecting her Brexit deal by 242 to 391 – a majority of 149. While this is a smaller margin of defeat than it was in January 2019, (majority against her was 230); the big question now is what, if anything, the PM can salvage from here.
Enabling Work from Home for Employees in IT SEZs
After series of deliberations and Government engagements by NASSCOM, the work from home provisions are now amended by Ministry of Commerce in line with our recommendations. On March 7, 2019, Ministry of Commerce has allowed the provision of work from home for employees working in IT Special Economic Zones (SEZs).
MeitY's Report on India’s Trillion-Dollar Digital Opportunity
India’s Trillion-Dollar Digital Opportunity is an endeavour of MeitY to present ‘India’s Digital Vision’ and the potential of India to attain $1 trillion of economic value of digital economy by 2025. The primary objective of this study is to recognize the progress made by India on digital adoption and to identify gaps yet to be filled and to determine what needs to be done to ensure progress.
NASSCOM welcomes the latest initiative by DPIIT to exclude startups from the ambit of Angel Tax
The latest changes do away with the requirement on the startups to seek protection from the angel tax everytime they want to raise funds. The startups already facing problems due to the existing provisions should be able to benefit from the revised proposal.
Industry Performance: 2018-19 and what lies ahead
The NASSCOM Press briefing held on Feb 20, 2019 covers global trends (global economic growth, global tech spend and key new technologies changing businesses); it also gives an overview of Indian IT-BPM Performance for FY2019 (a USD 181 billion market, a 7.9% growth in constant currency terms) and highlights global outlook for 2019. Digital business is now central to IT-BPM industry and the deck offers a framework of various digital metrics that companies are tracking to measure digital business.
India Next – Leading the Change
In 2018, India overtook China as the fastest growing major economy in the world. This historic economic growth has been propelled by government reforms, business innovation, and a dynamic young workforce. At a time when the global working-age population is declining, India is set to make massive gains from its demographic dividend.
Turning India’s Big Audacious Goal into Reality
The 10 Trillion $ economy vision in the next 8 years is exactly the kind of a big audacious goal India needs to step out of the comfort zone we are in today. To get to $10 Trillion in 8 years, we will have to grow a little over 10% vis-a-vis the current growth rate of ~7.5%, and precisely why incremental improvements is NOT going to cut it.
Key Highlights of Interim Budget 2019 - Impact on Technology sector
The Interim Budget for the financial year 2019- 20 was presented in the Parliament on 1st February 2019. Since it was an interim budget no significant policy announcements were expected. From the IT sector perspective, the focus on digital India mission is as per expectations and it would be important for NASSCOM and its members to work closely with the Government to shape the digital ecosystem.
Brexit Vote - Overview and Implications
On January 29, the UK Parliament voted in favour of PM May’s Brexit deal if alternative arrangements are found to the Irish backstop. The Parliament supported May’s deal if an alternative can be found to the current Irish backstop proposal that aims to keep open the Irish border in all circumstances.
NISC 2019 – Capturing an Unevenly Distributed Future
Kolkata houses about 600 IT SMEs out of the 15000 that there are in India. It isn’t very high from a numbers standpoint, and yet, the sheer energy we witnessed at NISC 2019 (NASSCOM International SME Conference), one couldn’t be faulted for thinking the City of Joy to be the vortex of all SME activity.
SLUSH – A Great Way to Connect in the Nordics
Global events like Slush are perfect platforms for getting people to discover your product and if you are lucky, that elusive “Aha Moment” may just be a splash away making the right kind of noise. There are just so many people, ideas being shared, networks being established that one seeks to make the loop go viral.
"NASSCOM works with diverse stakeholders to build focused initiatives that enable the growth of the sector through policy advocacy, skill building, research, startup programs, facilitate business and increase industry outreach."
Two years back, ThinkAg agroup was set up to inrease parternship between the startups and the corporates. Though that was the idea it was started with, the agenda has expanded. It now includes three distinct initiatives. Aglab: A market-linked acceleration program to enable rapid scaling. It will do this through curating a platform where progressive corporates and mentors deeply engage with entrepreneurs Aginvest: A steady pipeline of industry vetted investment ready innovations, access to experts in the industry and an in depth understanding of the sector to enable higher number of...