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IT sector job cuts will continue, says top HR firm; 5–6 lakh engineers to lose jobs
By Muqbil Ahmar Tech Mahindra, Infosys, Wipro, Cognizant ; all these Information Technology majors have fired thousands of employees. India's Information Sector seems headed for an uncertain and tumultuous future. According to a top HR firm , the dark clouds hovering over the IT sector are here to stay. HR firm Head Hunters India has said that 5–6 lakh engineers are set to lose jobs in the next three years, that is, between 1.75 and 2 lakh per year for the next three years. "Contrary to media reports of 56,000 IT professionals to lose jobs this year, the actual job cuts will be between 1.75 lakh and 2 lakh per year in next three years, due to under- preparedness in adapting to newer technologies," Head Hunters India Founder-Chairman and MD K Lakshmikanth has said, while analyzing a report submitted by McKinsey & Company at the Nasscom India Leadership Forum on February 17. The McKinsey report has said that nearly half of the Infor...
How is India suffering from chronic poverty? Tackling India’s hunger problem and ways to fight it through technology
A huge chunk of the Indian population suffers from chronic hunger. On the Global Hunger Index , India is at the 97th position. According to a study by the International Food Policy Research Institute ( IRPRI ), one-sixth of India’s population is undernourished, while 190 million people go to bed hungry daily. A total of 30% children below the age of 5 years are underweight. India alone accounts for around 30% of neo-natal deaths internationally, all linked to malnutrition . Rs. 50,000 crore worth food wasted yearly behind India’s hunger One may be tempted to conclude that the culprit is insufficient food production. However, this is not true. In India’s case, around 40 percent of fruits and vegetables and about 20 percent of grains get destroyed because of insufficient infrastructure and supply chains that are inefficient. Food never reaches consumers. Around Rs. 50,000 crore worth of food is wasted every year. Such wastage has other ramifications...
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