Global Talent Exchange

Face-to-Face Wins the Race: Here’s Why.

When it comes to securing top talent, the secret might just be a handshake! 👀 Virtual platforms are highly convenient, but are we overlooking the power of in-person connections? Our latest blog dives into this crucial aspect of hiring. We break down the pros and cons of both virtual and on-ground networking, and reveal why and when face-to-face interactions may still reign supreme when building lasting relationships with talent. This is a must-read if you want to know how to get the best of both worlds. Click here: https://bit.ly/3XSXJJT to Read More

Edtech, or educational technology, refers to the use of technology to enhance and support teaching and learning. From online learning platforms to educational mobile applications, it has been rapidly evolving and has become an essential part of the education system.

The COVID-19 pandemic resulted in a sudden shift to online learning for students in India, and while it was a difficult transition, it has ultimately led to positive changes in the education system. The rise of EdTech has allowed for a more flexible and adaptable approach to learning.

The significance of this technology lies in its ability to provide students with a more personalized and engaging learning experience. Students can now access a wide range of digital learning materials, including online courses and educational videos, which can be tailored to their individual needs and learning styles.

Technology will play a critical role in bridging the gap, resolving the challenges of the K-12 model, and creating new opportunities for students in India. It will also help the country achieve a globally recognized standard of education.

Overcoming The Challenges: How EdTech Is Driving Change

Infrastructure deficiencies continue to impede India's education system, particularly in rural and remote areas. During the pandemic, students in urban areas were able to adapt to online learning quickly, while those in rural areas were left without access to education due to decaying school infrastructure, lack of internet connectivity, and lack of devices.  

For decades, the way learning has been approached in the country has been textbook-intensive coupled with a rigid curriculum, which has led to a generation of professionals who are limited in their career options. However, with increasing global exposure and access to information, the professional world has become more diverse and demands a wider range of skills. EdTech can provide the resources and specialized courses necessary to prepare students for careers in fields such as STEM and expand their employment possibilities.

To bridge this gap, technology must be adopted more widely and a hybrid approach to pedagogy should be implemented. 

Edtech can help to overcome these challenges (and more) by supporting blended learning, which combines traditional classroom teaching with technology-based instruction, leading to a more efficient and effective learning process.

EdTech can also help to improve the quality of education by providing teachers with digital tools and resources to enhance their teaching methods and make the learning process more engaging and interactive. The government is also prioritizing digitization and encouraging partnerships with private organizations to improve e-learning infrastructure and provide specialized training for them. 

Usage of the appropriate technology can also provide a cost-effective solution to the problem of higher education costs for families as online platforms offer a range of free resources for students, allowing them to learn at their own pace- not limited by geography.

Harnessing The Power Of Technology: India’s Growth Aspects

The Edtech market in India is experiencing significant growth, driven by the increasing adoption of technology in various industries in the country. In 2020, it was valued at US$ 750 million and is expected to reach US$ 10.4 billion by 2025, making India the “EdTech capital of the world!” 

One of the key factors contributing to the rapid growth of this sector is the growing awareness of the benefits of combining technology with education among educators and students alike. This leads to an increase in the demand for such a model, which gradually has led to a dramatic increase in the number of startups in this space that are backed by venture capitalists and investors that wish to disrupt traditional education models and make the process of learning more effective. Byju’s, Unacademy, upGrad, Vedantu, and more quickly emerged and took the centre stage as market leaders.  

There are well over 5000 EdTech startups in India that utilize IT tools for inclusive learning, assisting over 300 million students to receive a top-notch education in today’s age, and bridging the gap between the rural and urban. According to reports, over the past five years, the industry has received an investment of around $4 billion, and it is projected to grow even further, with an estimated expansion of $30 billion in the next decade. This significant level of investment suggests that the future of the edtech industry is highly promising.

Additionally, research and development is being conducted on using augmented reality (AR), virtual reality (VR), and extended reality (XR) to make online courses more cost-effective, dependable, and engaging. The growth of India's edtech sector has attracted the attention of global universities, leading to an increase in their presence in the country. These universities recognize the potential of India's large and rapidly growing education market, as well as the country's strong technological capabilities; thus, they are now establishing partnerships and collaborations with Indian institutions and companies.  

Some of these global universities offer joint degrees or certifications, while others are setting up satellite campuses in the country.  

This trend is a reflection of the progress that India has made in the field of education technology. The country's start-ups are developing innovative solutions that are not only meeting the needs of Indian students but also have the potential to be exported to other markets. 

In addition, the Indian government's efforts to promote EdTech through policies and initiatives have also played a key role in attracting global universities to the country and are likely to further drive innovation and growth in the sector. 

Read: A massive step for education push by PM Modi; Yale, Stanford and Oxford in India soon 

Leading The Way: The Government Of India’s Role In Fostering EdTech

The Indian government has been actively working towards the development of the digital ecosystem in the country, which has served as a catalyst for the growth of the Edtech sector. 

Some of the key initiatives include:

DIKSHA (Digital Infrastructure for Knowledge Sharing): A nationwide platform for school education that was launched in 2017 to provide students, teachers, and parents with curriculum-based engaging learning materials. The portal supports more than 18 Indian languages.

PM eVIDYA: A program launched in 2020 to make e-learning more accessible for Indian students and teachers. The scheme aims to benefit 25 crore pupils by bringing together all online and digital education-related activities. 

SWAYAM PRABHA: A collection of 34 DTH channels that were inaugurated in 2017 that broadcast educational content around the clock. The channels broadcast new material at different times of the day to allow students to choose a convenient time to watch.

E-Pathshala: A government-introduced portal in 2015, as a resource hub for instructional materials such as flipbooks, audiobooks, films, etc. available in Indian languages like Hindi, English, and Urdu that can be accessed through mobile devices like smartphones, laptops, desktop computers, and tablets.

NISHTHA: A National Initiative for School Heads and Teachers’ Holistic Advancement (NISHTHA) program which was launched in 2021 to create modules for online education at the secondary level. According to the Union Budget 2021-2022, 5.6 million teachers were trained through this program in FY22. 

National Education Policy 2020: It emphasizes the use of technology and digitization to advance education, particularly in rural regions. This will help bring high-quality education to all regions of the nation, particularly Tier-2 and Tier-3 cities, and villages.

National Digital Educational Architecture (NDEAR): was established by the government in the Union Budget 2021-2022 to develop digital infrastructure and support educational planning initiatives. It seeks to provide a unique educational ecosystem architecture to progress the nation's digital infrastructure and ensure the autonomy of all stakeholders, particularly states and UTs.

The National Knowledge Network (NKN): is a government-initiated program designed to connect all knowledge-creating organizations, including institutions such as IITs, IIMs, universities, research labs, and e-governance institutions, up to the district level. The network aims to foster cooperative learning and the creation of a comprehensive knowledge base. 

Empowering The Future: Career Prospects In EdTech

An increase in operations often means an increase in hiring. The EdTech industry is creating a wide range of job opportunities for professionals with relevant skills and expertise, particularly in the field of technology. Technical Architects: EdTech platforms are often used by several hundred and thousands of people at the same time, which means that there is an increasing demand for professionals that can ensure the systems and resources are properly configured, maintained, and supported and that they are accessible to all users through various scaling methods. 

Data Analysts: These professionals are required to analyze the data, interpret the results and provide key insights that can help growing EdTech companies improve their products and services 

Informational Security Analysts/Engineers: Anything for a younger audience needs to be well-guarded and secure. Cybersecurity professionals are in high demand to monitor networks and systems and identify any threats and potential vulnerabilities.

AI/ML Engineers: As mentioned above, there is a growing trend of merging emerging technology with industries such as education to reap maximum benefits of the process and make it as engaging and fun as possible. Thus, there is an increasing need for AI and ML experts in India to develop intelligent tutoring systems and adaptive assessments to suit the diverse requirement of the nation. 

Cloud solutions architect: The cloud is in high demand! There is an urgent need for professionals to develop and implement cloud-based solutions in educational settings such as online storage and remote learning. 

Shortage of Skilled Talent: A Roadblock To Growth?

Despite the rapid growth of EdTech in India, there is a significant shortage of skilled talent in the country. This lack of expertise is becoming a major bottleneck for the growth of the industry and is holding back the full potential of the sector.

One of the main reasons for the shortage is the limited availability of experienced and qualified professionals in the field. Many professionals are not well-versed in the latest technologies and trends, which makes it difficult for them to adapt to the rapidly changing environment of the tech industry. This lack of skilled talent is also affecting the quality of products and services offered by companies, which can lead to a decline in customer satisfaction.

The government of India is taking some steps to address this issue, such as launching initiatives to train teachers and students in technology, but more needs to be done to ensure that the country has a sufficient pool of skilled talent to support the growth of the EdTech industry. 

Significant growth and progress could be achieved by acquiring the right talent. With more advanced and innovative products and services, revenue would increase which would in turn lead to more job opportunities and economic growth for the nation. It would also drastically improve the quality and reach of education, leading to better student outcomes and a more productive workforce. 

Lastly, having a sufficient pool of skilled talent in the field of technology would help India to become a leader in the global EdTech industry.

The Power Of NRI Tech Talent

As the industry continues to grow, there is a pressing need for skilled and experienced professionals to drive innovation and development. NRIs, with their unique combination of global expertise and deep understanding of Indian culture and society, are well-positioned to play a key role in this growth. 

With their international experience and knowledge of the latest technologies and trends, they can bring new perspectives and ideas to the table. They can also serve as role models and mentors for young Indian tech professionals, helping to inspire and guide the next generation of leaders in the field. 

Furthermore, the Indian diaspora can also contribute to the development of products and services that are better suited to the Indian market. They understand the needs and challenges of Indian students, teachers, and parents and can create solutions that are tailored to their specific requirements.

Returning to India to work in the EdTech industry is not only an opportunity to make a meaningful impact on the lives of millions of students and teachers, but it is also a fulfilling career move. It’s a chance to be able to work on cutting-edge technology and be part of an industry that is shaping the future of education and society.  

It’s also a chance to give back to their motherland. 

Are you ready to play a key role in changing the face of education in India for the better?  

Download: The NRI Guide For A Seamless Return To India [Free eBook]

THE RECRUITER’S HANDBOOK TO HIRING IN 2023

As we’re all ready to turn the page to the new year, it’s difficult to oversee just how much the hiring landscape has evolved within just a few years. Be it because of the COVID-19 pandemic causing a shift in the way companies approach recruiting or a general change in the market sentiments calling for an employee-focused approach, there’s a lot to take in. This shift has presented HR managers with new challenges, who must now navigate an ever-evolving job market and adapt their strategies to suit the climate. Despite these hurdles, recruitment remains a vital function for any organization looking to grow and succeed- and heck, even remain afloat. Not having the correct talent is often identified as the primary weakness of any business and strips them of any competitive advantage they were seeking. In this guide, we shall explore how these past twelve months have been, what to expect from 2023, and most importantly, what changes you can make to your approach to be more effective. So, whether you’re a seasoned recruiter or just getting started, this guide is for you! Challenges & Opportunities In 2022: What We’ve Learned

Here’s a quick recap of some of the major challenges that recruiters faced. How many of these do you relate to? Remote teams The pandemic made one thing clear- remote work is here to stay. Professionals around the world opt for working remotely due to the flexibility the model has to offer. They often find themselves being increasingly more productive without having any overhead expenditures. However, it wasn’t easy to manage for the organizations. Communication and collaboration often took a hit and new strategies had to be devised to ensure continuous engagement. Many businesses were coerced into adopting a remote or hybrid model due to the lack of skilled talent wanting to come on board otherwise. Talent Retention The “Great Resignation” has been highly discussed this past year as the employee turnover rate exceeded pre-pandemic levels by nearly 20%. This has proved costly for companies in terms of the resources that go into training and nurturing a new hire and has undoubtedly weakened morale and team productivity severely in businesses around the world. Broadening Skill Gap The market stops for no one. Despite disruption being rampant in the industry, innovation and progress continued and organizations found themselves scrambling to meet the new demands- often arriving at the shocking revelation that they didn’t have the necessary talent and expertise on board to achieve what they want to. The major missing link- you guessed it- were the tech and digital skills within the team, especially for niche areas like AI, ML, VR, etc. Attracting the correct talent The war for talent was relentless this year. The priorities of the job seeker changed drastically- an opportunity was no longer only about the paycheck. Several professionals carefully considered what the company they were interviewing for had to offer. ‘Is the work-life balance good? Do they take well-being initiatives? What does the diversity policy look like? What are my chances of growth?

’While it’s great that the situation has evolved this way, hiring managers faced a major challenge in hiking the packages and adding on lucrative benefits to ensure they get the “cream of the crop”. Cost cutting Those massive pay hikes and panic-recruiting drives were bound to catch up with the organizations eventually. Toward the end of 2022, we witnessed a drastic increase in mass layoffs with huge corporations like Twitter, Meta, and Google letting their talent go due to the immense financial strain. Recruiters’ hands are tied- they’re unable to bring on the expertise required due to these cost-cutting initiatives and tightened operational budgets. The question arose: Can we do more with less? 

Despite the challenges faced, HR teams have made significant progress in adapting to the changing landscape. However, as we enter 2023, it's important to focus on what lies ahead and continue to be proactive in our approach to recruiting. By staying up-to-date on industry trends, leveraging technology, and prioritizing diversity and inclusion, it’ll be easier to effectively navigate the challenges and find top talent for their organizations. Recruiting Outlook: What To Expect In 2023

Workplace flexibility

What was a major challenge in 2022 is likely to become a strength for both employees and employers. With advances in tech, companies appear well-equipped to effectively balance and manage their remote teams. These months helped people explore the benefits of offering flexible work arrangements- not only does it enable organizations to cut costs on office space and utilities but also they are no longer restricted to hunting for talent within a limited geographical area. 

With the increase in the prevalence of remote work, it’s crucial for hiring managers to proactively devise strategies to manage it and overcome the hurdles faced previously. This includes clearly communicating expectations and guidelines to employees for remote work, ensuring the necessary technology and infrastructure to support it, and providing ongoing support whenever needed. Also, it’s certainly not a one-size-fits-all situation- every organization will have its own approach, and trial and error is highly encouraged till you find what works best. Prioritizing employee wellness

The workplace disruption has taken a toll on everyone and led to an increase in burnout among professionals, causing many to quit their jobs because of it. It’s 2023- people should no longer have to choose between remaining healthy and having a stable job. The next year will see organizations recognize the importance of supporting the physical and mental well-being of their employees. This can be done through effective strategies like employee assistance programs, training for all on how to support their co-workers,  and promoting a culture of openness, communication, and inclusivity. Focusing on fostering healthy work-life balance within the team enables them to be drastically more productive in the workplace and has proven to be effective at reducing attrition rates. Even a gentle redesign of the employee experience can have far-reaching benefits. Businesses that prioritize enhancing engagement and good health are likely to outperform their competition and increase revenue growth by 2.5 times. Automation

A survey done on 2848 recruiting professionals displayed that the majority believed that investing in recruiting tools and tech leads to a drastic improvement in the process. 2023 will inevitably see a rise in automation for simplifying repetitive tasks and reducing cumbersome admin work, freeing up time for more complex and strategic initiatives and actually engaging with candidates to get to know them before onboarding them. A closer look would reveal an increase in the demand for applicant tracking systems (ATS) which allow organizations to efficiently manage and track job applications, resumes, and candidate information. It also makes it easier to send out emails and schedule interviews. Technology can take some time to get used to, but once some of these practices are incorporated into the recruiting process and utilized regularly, hiring managers often feel they help them proactively take charge of the several tasks on their plate and significantly streamline the workflow. Diversity, Equality & Inclusion (DEI)

The importance of a diverse and inclusive workplace becomes glaringly obvious as time goes by. 2023 will witness a range of initiatives, including increasing the representation of underrepresented groups in teams, promoting equal opportunities and benefits, and creating a culture that celebrates differences and diverse perspectives. Gen-Z, especially, has made it a point to highlight systematic discrimination in the workplace, forcing businesses to do better and think about this factor in greater depth. Employer branding

Employer branding has always been extremely important, especially if organizations are seeking to attract top-notch talent in 2023. The competition is only going to get more fierce, and there should be a reason for skilled talent to choose to work with your business rather than a competitor. Employer branding is essential to establish yourself in the market as an attractive workplace; one in which people can see themselves building a career and being in it for the long run. A strong employer brand can help a company attract talent by demonstrating its values, culture, and unique offering. A good way to go about this would be to highlight the company’s mission statement, benefits and perks, flexible work arrangements, training and development opportunities, and a positive work culture. Not only does it enable HR managers to attract new talent, but it also helps in retaining the current employees and keeping them happy- and that’s always a plus! 

Recruiting managers will assume business leader positions

Up until now, the trend has been that recruiters have often operated as per what the business leaders say. This is likely to change significantly in 2023. Recruiting managers and talent acquisition specialists are the people in the organization that best understand where the gaps lie and what would be required to fill them. They also have a unique understanding of what it takes to build a strong and successful team. They are thus, best equipped to call most of the shots when it comes to talent management in a way that will best lead the organization to meet its goals at the earliest. A great supplement to this is the fact that recruiters have a good rapport and solid network with the professionals in the organization. This means that employees are more likely to be more open about the challenges they are facing at the workplace and they can be effectively dealt with in time, leading to a drop in attrition rates. Of course, to assume leadership positions recruiters will need to build on their existing skills and knowledge and may need to pursue additional training or education. This includes developing their leadership skills, gaining a deeper understanding of business strategy and management, and building their knowledge of the industry in which they work. Employee value propositions

An Employee Value Proposition is a statement that outlines the benefits and “value” that an organization provides to its employees- it’s often considered crucial, especially when businesses are looking to attract skilled and experienced professionals. This is because before taking an important career decision, employees of today need to know how their journey will map out; they seek personal and professional development and are not scared to demand it. This trend isn’t going anywhere in 2023.  

It’s important for business leaders to plan the journey for their employees and display a proper path of growth and success if they want to retain the people that make their company what it is. The best way to do this is by seeking out the expertise of HR managers and talent acquisition specialists, who are regularly in touch with the employees and have a fair idea of what they desire in their jobs. Moreover, it’s always advisable to go one step further and take the input from the employees themselves- garner feedback and use it to form your EVP policies. For the people, by the people! 

Evolving Skill Requirements

Emerging technologies such as artificial intelligence, machine learning, and the Internet of Things have gained a lot of attention in recent years, and for good reason. These technologies have the potential to revolutionize industries and transform the way we live and work. As a result, companies all over the world are eager to jump on the bandwagon and incorporate them into their processes and operations. 

However, adopting these technologies often requires a digital skillset that may not be present within an organization. In order to fully leverage their potential and “future-proof”, companies need team members who are proficient in areas such as data analysis, programming, and project management; without which they might potentially be missing out on significant benefits and opportunities.

This is exactly why there are certain skill sets and areas of expertise that are going to be far more in demand in 2023.

Tech skills

Data storytelling: 

Data storytelling is the process of using data to create a narrative that communicates information and insights in a clear and compelling way. It is a valuable skill set that is expected to be in high demand in 2023 and beyond, as an increasing number of jobs will require teams to work with data. 

In addition to data handling and interpretation, storytelling involves skills such as data collection, preparation, visualization, analysis, and presentation. It involves transforming data into digestible and useful insights that can be shared and understood by diverse audiences. 

The importance of data storytelling lies in its ability to turn raw data into meaningful and actionable insights that can inform decision-making and drive business strategy. With the vast amounts of data being generated today, it is more important than ever for organizations to have team members who can effectively communicate and present data in a way that is accessible and understandable to all. As a result, data storytelling is expected to be a highly sought-after skill in the coming years. 

Machine Learning and Artificial Intelligence:  

AI and ML have become perhaps the most common buzzwords in the tech industry, and their importance is only expected to grow with time. According to the World Economic Forum's Future of Jobs report, 85 million jobs worldwide are expected to be replaced by AI by 2025. However, the report also suggests that 97 million jobs are likely to be created as well- there is always an expert behind the scenes!

IT professionals with knowledge of AI and ML will be in high demand in a variety of industries, including manufacturing, healthcare, financial services, and telecommunications. These technologies have the potential to revolutionize the way businesses operate and provide valuable insights that can inform decision-making and drive strategy.  

Cybersecurity:

Cybersecurity is becoming increasingly important as the number of cyber-attacks and data breaches continues to rise, causing financial and reputational damage to businesses. With many employees now working remotely and using their own devices, the threat to data has increased even further.  As a result, organizations worldwide are looking for skilled cybersecurity experts to join their teams and handle sensitive information, protect IT infrastructure, and manage cloud migrations. It is estimated that there will be a need for 10 million cybersecurity jobs in 2023 alone, making it a lucrative field.  

Blockchain development and utilization:

With its ability to improve security, transparency, and traceability, and reduce paperwork and the need for middlemen, blockchain is quickly becoming an integral part of many organizations. As a result, there is a high demand for professionals with expertise in blockchain development and proper utilization, particularly those with strong cryptography skills.  

This technology has the potential to disrupt and transform a wide variety of industries. For example, banks and financial institutions can use blockchain to process and verify transactions more quickly and efficiently, reducing the need for intermediaries such as clearing houses. 

In the supply chain management industry, blockchain can be used to track the movement of goods from the point of origin to the point of sale, ensuring the authenticity and provenance of products. This can help reduce fraud. 

In the healthcare industry, blockchain can be used to securely store and share patient medical records, enabling faster and more accurate diagnoses and treatment. It can also be used to track the movement of pharmaceuticals through the supply chain, ensuring their authenticity and safety. 

In the real estate industry, blockchain can be used to streamline the process of buying and selling property, by securely and transparently recording ownership and transfer of ownership. Read:

Blockchain- The India Opportunity To Unlock Value

Cloud computing

According to Gartner, global cloud spending is projected to reach $591.8 billion in 2023, an increase of over 20.7% compared to the previous year. This growth is driven by the increasing demand for digital transformation among businesses, with 82% of companies considering cloud migration as an essential step in this process. 

The widespread adoption of cloud computing is expected to have a significant impact on the way businesses operate, as it offers many benefits, including reduced costs, increased agility and flexibility, and improved scalability and reliability. To take advantage of these benefits, it is crucial for companies to bring on talent that is skilled in cloud computing and related technologies, such as programming languages, database management, artificial intelligence, and machine learning. These professionals should also be familiar with popular cloud platforms, such as Amazon Web Services (AWS), Google Cloud, Oracle Cloud, and Microsoft Azure.

Soft skills

In 2023, hiring managers are more likely to seek skills that go beyond tech expertise; skills that contribute valuably to the modern workplace. Tech knowledge is important, but at the end of the day, it isn’t sufficient on its own. A few soft skills that are likely to be in high demand in the coming years include:

Communication skills

Problem-solving abilities

Teamwork

Adaptability

Leadership

Emotional Intelligence

Creativity

Organizations will likely invest a large chunk of their resources to train their employees in these skills with additional development opportunities- which could then, pave the way for leadership roles within the company.

When we say hiring is about to get tougher- this is what we mean. Searching out the right person for the job has always proved challenging- but niche tech skills in addition to soft skills narrows down the talent pool drastically.

Quality Over Quantity

We’ve learned a few lessons from 2022- one of the major ones being that aggressive hiring without a plan is never a good idea.After the pandemic’s impact faded, companies around the world took to recruiting and expanding their teams, in the hope that this would help them make up for lost time and they would be able to scale faster. However, soon, organizations felt their resources depleting faster than they had anticipated- leading to mass layoffs during the last few months of the year. 2023 is likely to see business leaders avoid such situations, and they shall now prioritize quality over quantity; the hiring process is likely to be much more selective, focusing on bringing on board only the most qualified and suitable candidates. Thus, recruiters might need to be a lot more strategic and rigorous in their approach now. Global Hiring

Global hiring gain significance in 2023 for a variety of reasons. With the world becoming increasingly interconnected and dependent on global trade and economic activity, companies are looking to tap into new markets and talent pools in order to remain competitive. This requires them to look beyond their domestic borders and consider candidates from different countries and cultures. Read: Global Brain Circulation: The Opportunity Of A Mobile Tech Talent Pool Companies that are able to hire top talent from around the world will be better positioned to weather future crises and continue to thrive. It also helps organizations to gain new insights and ideas that can drive innovation and improve their products and services.Global hiring unlocks the doors to a wider pool of talent, which enables firms to tap into a diverse range of skills, experiences, and perspectives than can help them remain a few steps ahead of the competition in the market- something that is highly desirable in the business environment of today. This upcoming trend also poses a significant solution to the other challenges that have been discussed above- such as the lack of locally available skilled talent, lack of diversity, and a lack of strategy required to tap into markets around the globe.

Wrapping up As we welcome the new year, one thing is clear as day-  the recruiting landscape is likely to continue to be dynamic and unpredictable, and much as we try, we can never be ready for it all. The challenges of 2022 have taught us valuable lessons and have paved the way for the emergence of new and exciting hiring trends in 2023. Despite the uncertainties of what lies ahead, there is a sense of optimism and excitement as we look ahead to the year to come- it promises to be an exciting and transformative year for recruiting. To navigate this landscape and secure the best talent, companies will need a reliable and innovative recruitment partner- and that’s where we come in. Global Talent Exchange’s platform effectively connects organizations like yours to top tech talent from skill-rich regions around the world, enabling them to stay ahead of the curve and remain competitive in the global job market. Read: Combating The Tech Talent Crunch With Global Staffing

Read: Leveraging Talent From Global Tech Hubs

Read: Accelerate Business Growth With Global Hiring Let’s go into 2023 by embracing with open arms the challenges and opportunities that lie ahead and make the most of them. We’re excited- are you?

SURVIVING LAYOFF SEASON

The tech industry is known for its fast-paced and constantly evolving nature, and layoffs are a common occurrence as companies adapt to changing market conditions and shifts in technology. In recent years, tech has faced many challenges, including the COVID-19 pandemic, which has had a significant impact on almost every industry in the world.

The impact of layoff seasons on employees can be significant. Layoffs can lead to a loss of income and benefits, causing financial stress. They can also be emotionally difficult, as employees may experience feelings of uncertainty, anxiety, and loss. It is important for companies to approach layoffs responsibly and compassionately, providing support and resources for affected employees.

Employees can also take steps to protect themselves and increase their chances of surviving layoff seasons. By taking proactive measures, professionals can better navigate the challenges. Read on!

Impending Layoff?

If you are concerned about job security in the tech industry, there are steps you can take to protect yourself and increase your chances of surviving the layoff season.

Keep your Skills Updated

Staying current in your field is crucial in the tech industry, where new technologies and trends are constantly emerging. Make an effort to continuously learn and improve your skills, whether through online courses, attending industry events, or working on personal projects. This will make you more valuable to your current employer and more competitive in the job market.

Build and Maintain a Strong Professional Network

Networking is key in the tech industry, and having strong connections can be a valuable resource in times of uncertainty. Make an effort to build and maintain a strong professional network through industry events, professional associations, and social media platforms such as LinkedIn.

Manage your finances

Layoffs can be financially stressful, so it's important to manage your finances and have a financial plan in place. This may include creating a budget, building an emergency savings fund, and reducing debt.

Remain Positive and Proactive

It is natural to feel anxious and uncertain in times of change, but try to stay positive and proactive. This may involve updating your resume, networking, and staying in touch with the market to understand any new career opportunities even if you are not actively seeking a new job.

Upskilling and Reskilling

Continuous skill development is crucial for techies looking to stay competitive in the industry. Here are a few ways professionals can continue, to not only survive the tech layoff season but also get better opportunities going forward:

Take online courses or earn a degree

Online courses and degree programs offer a convenient way to learn new skills or deepen your knowledge in a particular area. There are many online courses and degree programs available in a variety of tech-related fields, such as programming, data analysis, and cybersecurity.

Attend Industry Events and Conferences

Industry events and conferences are a great way to stay up-to-date on the latest trends and technologies in the tech industry. These events often feature presentations and workshops from industry experts and offer opportunities to network with other professionals.

Work on Personal Projects

Personal projects enable you to learn new skills and apply what you have learned in a practical setting. Working on a personal project can also help you stand out in the job market and showcase your skills to potential employers.

Participate in Hackathons

Hackathons are events where developers come together to work on a specific project or challenge over a short period, usually a few days. Participating in hackathons can help you learn new skills, network with other professionals, and demonstrate your skills to potential employers.

Join Relevant Professional Organizations

Professional organizations offer a range of resources and opportunities for learning and skill development, including events, workshops, and online courses. Many professional organizations also offer opportunities for networking and career development.

Critical to Success Tech Skills – Add Them to your Portfolio

The tech industry is constantly evolving, and it's important to stay current to remain competitive in the job market. Here are some ‘critical to success’ tech skills to consider adding to your portfolio:

Programming Languages

Proficiency in one or more programming languages is essential for many tech careers. Some of the most in-demand programming languages include Java, Python, Go, and JavaScript.

Cloud Computing

Cloud computing is a rapidly growing field, and knowledge of cloud technologies such as Amazon Web Services (AWS), Microsoft Azure, and Google Cloud Platform can be highly valuable.

Data Analysis and Visualization

The ability to analyze and interpret data is crucial in many tech roles. Skills in data analysis and visualization tools such as Excel, SQL, and Tableau can be highly valuable.

Machine Learning

Machine learning is a rapidly growing field that involves using algorithms and statistical models to enable computers to learn and improve their performance without explicit programming. Adding ML skills to your portfolio can make you highly competitive in the tech job market.

Cybersecurity

Cybersecurity is a critical issue in the tech industry, and knowledge of cybersecurity principles and technologies can be highly valuable. Skills in areas such as deepfakes, crypto-jacking, network, and cloud security, ransomware attacks, encryption, risk management, and many more are particularly in-demand.

Project Management

Tech projects often involve coordinating and managing multiple tasks and resources, and strong project management skills can be highly valuable. Skills in tools such as Agile, Scrum, and Jira can be particularly useful.

Communication and Collaboration

The ability to communicate and collaborate effectively is crucial in the tech industry, where teamwork and cross-functional collaboration are common. Adding skills in areas such as presentation, writing, and teamwork can be highly valuable.

It would be useful to gain/upgrade these skills even if you are not facing a layoff threat.

Exploring Global Opportunities

The tech industry is a global one. The United States, Canada, China, Germany, and Israel are all regions with strong and growing tech sectors, offering numerous opportunities for tech professionals. These regions are known for their focus on innovation and skill and are always in search of talented individuals to join their thriving industries. India, in particular, is facing a significant shortage of talent, making it a great place for professionals to explore job opportunities. The country has a lot to offer to the world as it is a young nation with an innovative spirit and unrelenting grit. What it lacks is experienced tech talent- people who have the skills, exposure, and motivation to help drive the efforts forward.

Read: The Upward Spiral Of Technology In India

These roles are in special demand in these regions:

Software Developers

Data Scientists

Cybersecurity Experts

DevOps Engineers

Systems Engineers

Project Managers

Technical Support Specialists

Technical Writers

Other considerations

Type of visa Different types of visas may be required depending on your employment status. Check whether the company you would be working with would assist you with gaining a work visa. Eligibility To be eligible for a work visa, you may need to meet certain criteria and have a proper job offer. Length of stay Some visas may allow you to stay in the country for a limited period of time, while others may allow you to stay indefinitely, depending on the company. Check with your prospective new employer. Some visas may need to be renewed after a certain period of time, while others may not. It is also important to research the employment laws in the countries you are considering working in, as these can vary significantly from one country to another. Minimum wage Different countries may have different minimum wage laws, which can affect your salary. Working hours Each region has different laws regarding working hours, such as the maximum number of hours you can work per week or the number of breaks you are entitled. Benefits Different countries may have different laws regarding benefits such as vacation time, sick leave, and maternity/paternity leave. Termination Different countries may have different laws regarding the termination of employment, such as the notice period required or the circumstances under which an employee can be terminated. Download: The NRI Guide For A Seamless Return To India [Free eBook] It is imperative to be proactive in seeking out resources and support networks, as these can help you navigate the challenges of living and working abroad and make the experience more rewarding.

Surviving the tech layoff season can be challenging, but with the right strategies and mindset, you can increase your chances of coming out on top and having sustainable success. Most importantly, it’s crucial to be connected with a suitable platform that can connect you with a wide network of highly-reputed companies that will best celebrate your knowledge and expertise. A platform like Global Talent Exchange.

GTX was built with the mission of mobilizing talent from skill-rich regions of the world to regions with talent shortages. We’re a next-gen tech recruitment platform, that goes above and beyond just connecting candidates with companies- we’re active enablers of the global brain circulation phenomenon. 

Read: Global Brain Circulation: The Opportunity Of A Mobile Tech Talent Pool

From personalizing the right opportunity to ensuring a cultural fit with the organization, we make sure your move is seamless and aligned with your personal and professional vision.

Mr. Chinna Tamatam is currently working as Software QA Lead with Celigo, a Global Talent Exchange client. 

His professional journey has been fascinating and enriching. With over 12+ years of experience in tech and he has immense domain knowledge of the Telecom, healthcare, and eCommerce industry. His skills include (but are not limited to) manual testing, web testing, integration testing, API testing, user acceptance, and regression testing. 

After ensuring Chinna is well settled in his new role, our team recently reached out to him and invited him to provide some insight into his experience working with GTX and understand the tech scenario in India from the perspective of someone who’s been doing this for a long time. 

Here’s what he had to say.

Could you give us a brief about yourself and your professional journey?

I’ve been in the IT industry for about 12 years now and also have some experience in sales. Previously, I worked with Tech Mahindra for about 8years as a project lead. After that, I moved to CriticalRiver INC. as the technical lead of testing. Now, I’m working as a Software Quality Assurance Lead in Celigo- a role that I got with the help of the GTX team.

With the experience you possess, the decision for changing a job is usually highly motivated by a strong driving factor. What was yours? 

There are actually a lot of things I consider before moving on from a company. I think the major considerations, that everyone looks at, is a chance to advance one’s career, receive better pay, and upskill oneself according to the changing market requirements and conditions. 

When I felt I needed a change, this is what I kept in mind while looking out for the proper opportunities.

What progress do you seek professionally in this role? What do you hope to gain from it?

My expectations have been different from each role that I have taken up in my career. Of course, the responsibilities I have are important, but it’s crucial for me to be given a chance to upgrade my skills in a big way. I want to be exposed to new technologies, tools, and features that are entering the markets and be in touch with the advancements we see around us. 

To put it very simply, I wish to grow significantly personally and professionally in this role.

Before landing this lucrative opportunity with Celigo, how long were you on the lookout for a change? 

It’s actually very interesting. When I decided to look out for a change, I merely updated my Linkedin profile to “open to work”. I did not upload my resume or details on any other job platforms. Within just two weeks of doing so, I was contacted by a recruiting consultant from GTX. It was commendable; not only does GTX provide Celigo with all the details about a candidate like me, but they ensure that each candidate is given a whole world of information about the company we are applying to. 

The POC (Prashanth from GTX) provided me a detailed scenario of what I can expect if I am selected with Celigo, and now that I have joined-it’s exactly what I was told.   With your experience, you probably would have a range of opportunities to choose from. What made you go with Celigo- what stood out? 

To be honest, I had 2-3 more offers in front of me while I was in talks with Celigo. However, I wanted product experience in my profile and wanted to build my skillset in that domain. Celigo stood out to me from every angle. I was very impressed by what they were providing and I noticed a lot of growth potential for each employee. 

They also keep in mind that work-life balance is important for people. All of this together made me opt for Celigo as the next step in my career.

How was your experience with the GTX team, from start to finish?

I think it’s incredible how proactive GTX is- I was barely searching for a job for two weeks before they contacted me. From the very first call, I felt well-informed about Celigo and was given the details about the company, what they are looking for, the job requirements, and more. The POC explained to me in detail about the opportunity and patiently took up any questions that I had. 

Sometimes recruiters evade questions like the pay and benefits, but with GTX that was made crystal clear from the start. Your team scheduled meetings with Celigo promptly and everything was done on schedule. 

I do recall that there was a slight delay from Celigo’s end due to a snag in the recruitment process (all of which was clarified later) but during that time too, GTX acted as a firm bridge in between, keeping me motivated and interested. This prevented any loss of interest, fallouts, or miscommunication. 

Even after I got the offer letter from Celigo, GTX regularly got in touch with me to check my comfort level and how I am doing. The process had a lot of clarity and transparency.

You’ve been in this industry for a while now, and you hadn’t heard of Celigo- yet found a wonderful opportunity with them. Do you think with the developments taking place in India- especially in Tech and IT, such impressive opportunities have sprouted throughout the nation at a very rapid pace? 

Yes. I hadn’t heard of Celigo specifically but was well aware of the industry they’re in and the problems they work upon. I think in the last few years, several startups have sprouted throughout the country, which is why we’re witnessing a growth in the impressive tech opportunities for professionals. 

Another thing that has changed in India is the increase in work flexibility- like Work-from-home options.

Would you care to comment on India’s role in emerging tech in the global scenario?

We’ve always considered the West as being more tech-forward and progressive. However, now India is stepping up big time. I have had experience working with Europe as well, and I’ve noticed that they are extremely rigid about their timings. In India, there is a lot of discipline. People go out of their way to get their work done and productivity is very high here. India is playing a big role in the emerging tech domain and working on solving some crucial problems. 

Global Talent Exchange is a next-gen tech talent platform helping techies like you find the perfect opportunities, even if they are overseas. Would you recommend GTX to your friends/colleagues? 

Of course! I’ve read through some of the NRI testimonials on your website and I know that you guys are doing some great work. GTX is a great platform for NRIs who want to return to India and even generally for candidates like myself.

Read: A R2I Story: Sadanand Singh

Read: A R2I Story: Urvish Mahida

Read: A R2I Story: Khyati Thakur

GLOBAL BRAIN CIRCULATION: THE OPPORTUNITY OF A MOBILE TECH TALENT POOL

Global Brain Circulation: Answering The 5 W’s

Global brain circulation refers to the movement of highly skilled workers, such as scientists, engineers, and technology experts, between countries. Advances in tech, transportation, and communication have made it easier for people to move and work in different parts of the world.

The phenomenon has become a crucial driver of economic growth and innovation. As countries compete to attract and retain top talent, they invest heavily in education and research and create policies that support the mobility of skilled workers. This has led to a rapid exchange of ideas and knowledge across borders and has spurred the development of new technologies and industries.

Global brain circulation is complex and multifaceted, with both benefits and challenges. Read on as we dive deep and explore the concept in greater detail.

Exploring The Advantages

Economic growth

The global circulation of skill drives economic growth. When talent moves between countries, they bring with them a wealth of experience, which can be leveraged to create new products, services, and business models. This drives innovation, as companies and research institutes collaborate to solve complex problems and create new opportunities.

Global talent pool It creates a global market for talent, allowing companies and organizations to access a wider pool of expertise, which can help them to remain competitive and relevant. This can lead to the emergence of global networks of innovation, where workers from different countries and regions can work together to solve the biggest problems facing humanity at present.

Developing countries gain footing Global brain circulation allows developing countries to access expert talent that can contribute toward developing their economies. This, in turn, helps them take on more projects for progress, create employment opportunities, and improve the standards of living in these societies.

Talent mobility Global brain circulation supports the mobility of skilled workers. Individuals need not remain restricted within a specific geographical area to find the job of their dreams; they can now move between countries in search of better opportunities, higher salaries, advancement in their careers, new experiences, and an enhanced quality of life for themselves and their families. In addition, It can provide opportunities for workers to learn new skills and gain international experience, which can enhance their employability and career prospects.

Innovation Magic happens when bright minds get together. The increasing prominence of global brain circulation makes it easier than ever for professionals to collaborate and utilize their diverse skill sets to produce solutions. Promotes cultural exchange Technology is bridging the gap between countries, bringing them closer than ever as the need for cooperation and communication has never been greater than it is at present. Global brain circulation acts as a catalyst to promote cultural exchange and understanding between different areas, fostering harmony and developing inclusive, sustainable societies. It can enhance the diversity and competitiveness of the global workforce, by bringing together workers with different backgrounds, experiences, and perspectives. Bridges the talent gap Global brain circulation can effectively address the massive skills shortage issue that specific industries and regions are facing, by allowing workers with the necessary expertise to move to where they are needed the most.

Talent Disparity: Can Global Brain Circulation Be A Solution? It isn’t news that emerging tech talent is not equally distributed across the globe. Some regions, such as the United States, have a large concentration of highly skilled technology professionals, while other areas, such as parts of Africa and Asia, have a much smaller pool of available talent. This uneven distribution can lead to a number of challenges; it can exacerbate existing economic and social disparities between regions, as those with access to adequate talent are more likely to experience economic growth and development. As one can imagine, this soon turns into a vicious cycle. 

Fortunately, global brain circulation presents itself as a necessary solution for this and can lead to the betterment of society in a number of ways. Equally distributed talent across the world enables the development of a society that is inclusive and rid of imbalances and inequalities. It shall bring about a community that progresses at the same pace with regard to healthcare, tech, education, and overall economic growth. The world, as a whole, shall be stronger together- is this not what dreams are made of?

Also read: Leveraging Talent From Global Tech Hubs

The Role Of The Policymakers 

Governments around the world are recognizing the importance of global brain circulation and are taking steps to support and enable this phenomenon. Many governments are implementing policies and initiatives that aim to attract and retain skilled workers, and to support the mobility of these workers between countries.

One of the key ways they’re doing so is by investing in education and research. Many governments, like India’s, are increasing funding for education and research institutions, and are implementing policies that support the development of new technologies and industries. This makes the country a more attractive destination for professionals from other countries.

Another way that governments are enabling global brain circulation is by creating policies that support the mobility of talent. This can include offering visas and other forms of support to skilled workers who want to move to the country and providing assistance to help workers integrate into their new communities. 

In addition, some governments are implementing policies that aim to address the challenges of global brain circulation, such as brain drain and the potential for inequality. For example, some governments are implementing policies that encourage talent to return to their home countries after working abroad, and are providing support for workers who are not highly skilled.

That said, there is still a lot of work to be done in this direction and there’s much left to be desired. Hopefully, this will soon be at the forefront of the policymaker’s priorities in the near future.

How Can Organizations Leverage Global Brain Circulation For Excellence?

Talent mobility can be massively beneficial for companies. 

For one, it can help organizations access a wider pool of talent and skills from around the world. This can be particularly useful for firms that are looking to fill specialized roles or that are operating in a field that requires a diverse set of expertise. For example, a tech company that is working on cutting-edge research and product development projects may benefit from hiring engineers and scientists from various countries who have been exposed to different sets of challenges and might be more adept at speeding up deployment. 

Another potential benefit of global brain circulation is that it can help organizations gain access to new markets and customers. By hiring workers from different countries, they can tap into their local knowledge and networks, which can be valuable in building relationships and expanding business operations in new regions.

Additionally, global brain circulation can help organizations foster a more diverse and inclusive workplace culture. By bringing together talent from different backgrounds and cultures, they can benefit from a wider range of perspectives and ideas, which can lead to more innovation and creativity. This can also help organizations better understand and serve their customer- the more ideas, the better. For example, a marketing team that includes members from different countries may be better able to develop targeted campaigns that resonate with users from various cultural backgrounds.

The Indian Scenario

Global brain circulation can unlock several potential use cases for a country like India. The tech talent gap is wider than ever (at a 16-year high!), and it appears like tapping into the skill hubs around the world is the best solution available to industries in the country. 

Emerging technologies like Agritech are coming up rapidly but yet again, organizations often find themselves held back by the lack of skill and expertise available. Attracting this mobile talent pool can help drive progress in the field and have a positive impact on food security and rural development in the country.  The energy sector is massively devoid of relevant talent as well- in a populous country like India, renewable sources of energy are important for sustained growth and address the ginormous issue of climate change. This naturally correlates to the increased adoption and manufacturing of electric vehicles within the country, as they’re playing a huge role in improving public health. 

Also read: Tracing the Indian Agritech Journey: Developments and Opportunities

Also read: The Accelerated Growth of Pharmatech In India 

William Kerr, Harvard business school professor, wrote the book “The Gift Of Global Talent: How Migration Shapes Business, Economy & Society”- a key contributor to the concept we’ve discussed at length here. 

He mentioned that projections indicate that by 2030, 90% of young college graduates will live outside of the United States." This talent is likely to play a major role in improving living standards in countries like China, India, Brazil, Vietnam, the UAE, Saudi Arabia, and others. In fact, between India and China alone, half of the world's college-educated Gen Z population will come from one of these two countries.

In addition, he mentioned that India is a major economic powerhouse and has seen impressive growth in its GDP over the past few years. According to the World Bank’s blog, India’s economic progress has been sustained without any prolonged reversals. 

Imagine how much the country could benefit from the right talent. 

The Road Ahead

The future of global brain circulation looks bright. As the world becomes increasingly interconnected, the flow of talent and ideas across international borders is only likely to increase. This trend is driven in part by the growth of the tech industry, which is constantly in need of highly skilled workers.

One of the key drivers of global brain circulation is the demand for talent. In today's economy, top tech firms are constantly on the lookout for the best and brightest employees, and they are willing to pay top dollar to attract them. This has led to a competitive global market for tech talent, with companies in different countries bidding against each other to hire the best workers. With the advent of technologies like videoconferencing and collaboration tools, it is now possible for professionals to collaborate and communicate with colleagues around the world without ever having to be in the same physical location. This has made it easier for companies to hire top talent from anywhere in the world. 

As people become more comfortable with the idea of living and working in different countries, they are more likely to take advantage of opportunities to work abroad. This trend is particularly strong among younger workers, who are often more open to new experiences and more willing to take risks.

How are you planning to leverage this phenomenon for your business?

Any region or geographical location using electronic/digital technology and infrastructure to gather data and use this data to track city operations, while sharing real-time information, is defined as a Smart City. Such cities boast of an elevated focus on efficiency, better communication, reduction in crime, sustainability, and a better quality of security systems.  

The industry is booming – according to forecasts, it would reach a market value of USD 820.7 billion and 14.8% CAGR by 2025!

It is estimated that by 2050 at least two-thirds of the global population will live in urban areas. The rise in urbanization also brings challenges in its wake – as the city population increases, it will become imperative to not only meet their demands and needs but also ensure the protection of the environment in doing so. It is known that cities are the major polluters – responsible for about three-quarters of global greenhouse gas emissions. Climate change today is one of the most prominent issues we face, and it is exigent that these emissions are drastically reduced if the planet is to be protected from increased and longer heat waves, global warming, and natural calamities. Since cities are the cause of the problems, it is them that must provide the solutions too – aka ‘Smart’ Cities!

Adapting to the Changes 

With more people moving towards cities, the need for more information, institutions, etc, places an additional ‘burden’ on the cities. As social and economic structures undergo change, urban politics too needs to act quickly and have agile strategies to match these new ‘circumstances’. The strategies must have a sharp focus on structural, spatial, and socio-economic aspects, ensuring a balance between competition and collaboration.  

Smart Cities actively support innovation and entrepreneurship, productivity and collaboration, flexibility and agility, education and qualifications, and research and development. For an economy to be ‘smart’ it must acquire knowledge and ensure its proper dissemination, while maintaining domestic and international networks. Organizations that offer and support energy, IT, and environmental services are the front-runners and beacons for smart economies/cities.  

It is imperative for cities to reduce energy and raw material usage and judiciously manage limited resources. Additionally, supply and disposal management must be equally structured and process-driven for a city to be ‘smart’. The focus must remain on technological developments and building sustainable networks that support infrastructure, energy, mobility, and ‘green’ buildings.  

Salient Features of Smart Cities

1. Government Services Accessible Digitally 

Government services for the public must be completely and easily accessible online in a smart city. This ensures transparency for the citizens and also encourages their participation in the development and sustainability of these services. Accessibility online ensures that citizens provide feedback and show their support or dissatisfaction with services.  

2. Steady Technological Developments 

A digital infrastructure that is easy to access and use, is now essential for development, connectivity, access to health services and utilities, and a lot more. Such development is an indispensable part of smart cities.  

3. Better Connectivity via Transportation Systems 

With the increasing traffic, the resultant safety issues, and an increase in travel time, smart cities would need to ensure robust transportation systems. These would include safe and ample parking, proper traffic management, and the use of technology to reduce traffic-related issues and incidents.  

4. Additional and Elevated Safety in Public Spaces 

Video surveillance and motion detectors are key features of smart cities – these features help to keep crime rates down, reduce natural disaster risk, protect citizens in public spaces, and raise the overall standard of living for the citizens. Such solutions also serve as preventive and proactive measures for security. 5. Development on a Sustained Basis 

About 80% of the annual energy requirement is from cities, which is why cities need to make a concerted effort to reduce energy consumption. Smart city technology can help with tracking wastage and pilferage, usage, and requirement – which would help to manage energy consumption better. Further, technology is also essential to protect wildlife, measure and manage pollution index, manage water and fuel consumption, and a lot more. These endeavors constitute sustainable development and must be part of smart cities.

The Indian Scenario: How Is The Government Ensuring Progress?

The Smart Cities Mission is led by the Indian Government with the aim to raise the quality of life in cities, using information and digital technology and adopting the best global practices, with collaboration between the public and private sectors/players.

The Smart City Mission was launched in 2015 on June 25 by PM Narendra Modi, with the responsibility to implement the mission resting with the Union Ministry of Urban Development. Additionally, each state has created a Special Purpose Vehicle (SPV) that manages the mission at a state level. A total of Rs. 720,000 crores has been sanctioned for this mission, covering 100 cities across the country that are earmarked to be upgraded as per the guidelines of the plan.

Here’s what this ambitious project aims to achieve.

Keeping environmental safeguards in place, the states would have the leeway to use the land for varied purposes and put by-laws in place to support the changes

The aim would be to ensure that everyone has access to housing opportunities – smart cities would thus need several more housing projects that would cater to both upper and middle-income groups

Enhancing security, reducing pollution and road congestion, and promoting the local economy are all part of the larger vision of smart cities. This would also include ensuring walkways for pedestrians and ride paths for cyclists. Further, additional options for public transportation would also be considered.

Recreational facilities such as parks, gyms, and playgrounds with swings and greenery are also part of the smart city enhanced quality of life

Transparency and accountability from government bodies is expected and desired, which means that online services and easy accessibility of services by the public, without the need to make physical trips to such offices

Schemes Complementing the Smart City Mission

In the light of making this mission a success, the government has linked it to several other projects it has initiated. The aim is to ensure cumulative and sustained institutional, social, physical, and economic infrastructure. Some of the schemes interlinked with the Smart City Mission are: AMRUT- Atal Mission for Rejuvenation and Urban Transformation, HRIDAY- Heritage City Development and Augmentation Yojana, Make in India, Digital India, Swach Bharat Abhiyan, and Pradhan Mantri Awas Yojana.

Structure of Technology for the Smart Cities

A variety of user interfaces, software, networks for communication, and the Internet of Things (IoT) are used to deliver structured solutions to the public, within smart cities. IoT is the most imperative – it is a ‘web’ of connected devices that communicate and share data – such as on-street sensors or smart homes. Data from these devices are sent to the ‘Cloud’ or on super-sensitive and secure servers. This data serves as ‘fuel’ for improvements and upgrades that would enhance the efficiency of both public and private sectors while delivering economic and social benefits to the citizens and enhancing the quality of their daily lives. Additionally, IoT-based systems enhance security systems and prevent unauthorized access to stored data.  

There is heavy reliance on technology in smart cities to form the infrastructure: 1. Digital 

This infrastructure is service-oriented and connects individuals to devices and includes services such as innovation and communication infrastructure.  

2. Intelligent 

Artificial Intelligence and Machine learning are ‘trained’ to read the data generated by inter-connected devices and then identify patterns. Based on interactions of humans with their surroundings, the success in terms of impact and efficacy of policy decisions can be determined.

3. Wired 

Hardware/physical components of IT systems are equally critical to the sustained development of smart cities. The wired infrastructure supports IoT and wireless technologies, providing general access to consistently updated physical and digital infrastructure. This in turn will support productivity and human capital. 

4. Ubiquitous 

A U-city or ubiquitous city is the extension of the concept of a digital city from the perspective of accessibility to public services from any connected device.  

5. Hybrid 

A hybrid city combines a real-world conurbation with an online community that is connected to a real-world location. These spaces can serve to realize state projects of the future for the services and integration of a smart city. 

6. Information City 

The many interactive devices in smart cities generate huge amounts of data and based on the storage and interpretation of this data, the growth, and security of Smart cities can be measured.

The main aim of the Smart Cities Mission irrefutably is to boost the standard of living of citizens and significantly enhance the economic growth of the country. Since 2015, several positive changes are visible in the ‘chosen’ cities.  

There is no denying that India has a long way to go to catch up to some of its international counterparts; but we’re getting there at a good pace. If there’s anything lacking that could elevate and speed up efforts, it would the quality and quantity of readily available tech talent in our country.  

All in all, the Smart Cities Mission is underway and seems poised for success.  

We’re pumped- are you?

The 25th edition of India’s flagship event and Asia’s most prestigious tech summit, the Bengaluru Tech Summit, was held from the 16th-18th of November 2022 at Bangalore Place. Global Talent Exchange participated in the Startup Program of the event.

Here’s a recap of our exhilarating experience!

The theme of the 3-day event was #Tech4NextGen, a topic that has been gaining prominence and becoming increasingly relevant with India’s massive progress in the emerging tech domain.

BTS sought to bring together over 350 industry leaders from around the world, research think tanks, academics as well as policymakers to engage in discussion and explore the opportunities that lie before us and the vision as well as the path we must take to help the country achieve its goals at the earliest. Innovation is rampant and it’s essential to now put collaborative efforts on a pedestal.

Some of the important focus areas of the event included mRNA, Life sciences, MedTech, Vaccine Equity, Agriculture, Cellular immunotherapies, biotechnology, Biotech, and much more. This was also intended to serve as a platform to celebrate the different startups that are working on resolving problems that face humanity at large and are driving change with the use of technology.

In addition, the Bengaluru Tech Summit, with over 575 exhibitors, has often been regarded as a wonderful event for people to network, make strong connections, ignite partnerships and increase their awareness about the latest trends in this amazing industry.

The event was kicked off on a high note with a virtual inaugural address by Hon’ble Prime Minister Narendra Modi.

A key message of his speech was that India has been revolutionized in several ways- it is now no longer known for red tape, but the country has laid out a “red carpet” for investors. Bengaluru is now the 5th city in the world that garners and attracts the most venture capital investments, due to the large number of immersive tech firms that the area has given birth to.

“From reforming the foreign direct investment to offering the ease of doing business and increasing the production incentive schemes in various sectors, India’s excellent factors can bridge your investment and our innovation.”  

PM Modi also extensively talked about using innovation for global good and mentioned that our country is using it as a weapon to defeat poverty. Technology is highly regarded as an exclusive domain- available only to the cream of the crop or the privileged few in society. However, India has attempted- and largely succeeded- to democratize tech in order to reach the furthest corners of our diverse society.

Hon’ble Chief Minister Of Karnataka, Shri Basavaraj Bommai, was also present at the event. During his address, he announced that Karnataka would be developing six new “high-tech” cities as well as a startup park. He declared that the state would now turn its focus toward setting up top-notch universities and research centers, as part of their contribution toward supporting and boosting India’s tech industry.

CM Bommai also highlighted the importance of sustainable innovation- resources are dwindling, and the brilliant minds of society must get together to formulate solutions to save the planet- “Global thinking” is what he called it.

A major highlight of the event was the insightful sessions and panel discussions.

Prof. Ajay K Sood, Principal Scientific Advisor, Government of India, talked about the  Convergence of Technological Revolution for advancing India's growth trajectory. There was also an interesting dialogue on India’s power in the emerging tech, which covered key elements like the Indian opportunity to utilize AI for good, how the “make in India” program can benefit the world, as well as data science as a significant lever that is driving semiconductor innovation in the country for a better future.

BTS left no stone unturned to take up every new-gen technology and explore its potential to the fullest.

There were also a few sessions that took up the strategic relationship between India and the U.S. with regard to the critical and emerging tech domains- cyber, artificial intelligence, quantum, 5G, 6G, space hardware, biotech, and more. These two scientifically rich communities must collaborate to build up the global science and tech ecosystem, and strengthen national ties in the process.

Shri Rajeev Chandrasekhar- Hon'ble MoS for Ministry of Electronics and Information Technology

Dr. Ashwath Narayan C N- Hon’ble Minister for Electronics, IT, BT and S&T, Higher Education, Skill Development, Entrepreneurship & Livelihood

Circling back, Global Talent Exchange was represented at the event by our Bangalore team.  We utilized the opportunity of this incredible platform to network and connect with several industry professionals, igniting fascinating conversations and broadening our understanding of the realm.

GTX is a next-gen tech platform that is working toward enhancing the global brain circulation phenomenon. In the fast-evolving technology ecosystem, India has a huge opportunity to become the digital talent hub of the world

However, there is one challenge that remains- the ginormous talent gap!

Global Talent Exchange eliminates this obstacle by ensuring Indian organizations have access to highly skilled tech talent from around the world, enabling them to scale and compete internationally. We use our network to map and source people from skill-rich global talent hubs and provide our clients access to this pool to find the perfect fit for their team.

Human capital is an incredibly valuable asset for companies, especially in such a stage of constant growth and development as India is in right now. This asset is becoming incredibly mobile, and the diaspora is garnering knowledge, skills, and experience and returning back to their homeland to contribute meaningfully to society.

Our flagship ‘Return To India’ program provides a platform for NRIs across the world to connect with organizations back home and find suitable opportunities, wherein their global exposure is celebrated and utilized for growth.

Download a free eBook:

The NRI Guide For A Seamless Return To India

On the whole, we are grateful to have attended an event of such grandeur and significance.

Empowered, motivated, and re-energized, we’re geared up to drive change and make a difference in this space.

Join us on our mission to bridge the global talent gap by following us on our social media channels:  

LinkedIn: https://www.linkedin.com/company/globaltalex/

Instagram: https://www.instagram.com/globaltalex/

COMBATING THE TECH TALENT CRUNCH WITH GLOBAL STAFFING

The greatest and most fundamental asset of any organization is its people. 

What do businesses do when a scenario like the Great Attrition rolls about, and skilled talent is nowhere to be found any longer? They compete for it- wages and benefits are increased dramatically and job poaching is at an all-time high, effectively worsening the “war for talent” and failing to resolve the underlying structural imbalance. 

Talent Crunch: The Indian Perspective

What Indian organizations are currently witnessing is a fundamental mismatch between the demand for talent and the actual supply of it. While we may be making massive strides toward technological advancement and development, it might be time to stop to think about whether or not we have the skill and proficiency within the country to actually advance it at the rate we’re envisioning.

Roles in development and IT witnessed a whopping 166% growth within a year and despite an impressive addition of 4.5 lakh techies to the space in the FY2022, the demand-supply gap is only widening. But Why?

We might have a large workforce, but the harsh truth is that the majority of people do not possess the technical prowess to undertake projects of this magnitude. Expertise is running low, costing organizations precious time, money, and energy as they invest resources to upskill a population that does not want to learn.

According to a recent report by Nasscom-Zinnov, India is projected to face a shortage of upward of 15 lakh tech professionals over the next 4 years, and this number is only expected to increase from hereon.

In times of such severe talent crunches, the market is inevitably driven by candidates with niche skill sets who understand how to leverage the situation in its entirety.

It goes without saying that organizations cannot sit back and give in to these pressure points. There’s a need to re-examine your approach to hiring and re-work it in a way that yields the best possible results.

Read on. 

Recruitment Done Right: The Global Approach

It’s unproductive to be doing the same thing repeatedly and expecting different results from it. 

Recruiting locally is not cutting it any longer; a disruptive scenario requires a disruptive approach and it’s time to do things differently. Moreover, it’s time to acknowledge that the right talent exists- you’re just not looking in the right place. 

Businesses of all sizes, even start-ups, are recognizing the importance of a global approach to recruitment while mapping and strategizing their company’s growth plans. 

Here’s why.

Job-Ready Talent

Training employees on skills that your business needs could take a very long time, and by that time, your competitors would have a significant lead in the market.

Global talent, sourced from emerging markets around the world, have experience in taking on complex challenges and leading in specialized and advanced roles. Their extensive experience and exposure to the international markets let them “wear several hats” and take charge of their responsibilities head-on.

Experienced Leadership

A team is just as good as its leader. 

Workplace Trends conducted a Global Workforce Leadership survey that revealed that only 36% of employees felt that the leadership in their tech organization was strong enough. In turn, this leads to lowered motivation and productivity.

Hiring global talent to fill leadership positions within your organization helps the team benefit from the experience and learnings and hone new skills- hard and soft. They’re able to utilize their exposure to a different work culture and environment and create the perfect “cocktail” for a smooth flow of work processes.

Diversity

International hires add an element of diversity to the organization, providing a rich exchange of experiences within the team. Their thought processes are likely to be different, which can come in handy during creative brainstorming and problem-solving. 

What manifests is an enriched workplace, with employees that are flexible, open-minded, and ready to accept new ideas and challenges.

International scaling approach

Indian tech startups are working to resolve complex problems, which ought to be taken into markets across the globe. It helps to have someone on the team that has an in-depth understanding of the country you’re looking to expand in, and help finetune your product to ensure the best fit to cater to the need in that part of the world.

It also makes it easier for you to establish a brand presence and awareness in different countries- which is helpful from both a growth and sales perspective.

Ideating- Where would India be with the right talent?

India is heading powerfully toward the vision of becoming a developed country, and if we’re able to resolve the challenge of the skill gap (along with a few other hurdles), we’ll be to achieve this goal sooner. 

Experienced professionals, especially in niche emerging roles, are key to the success of the different tech innovations that the country is undertaking. The successful implementation of these projects will further empower the population and motivate people to work on themselves and broaden their horizons by undertaking new skills. 

The result will be progressive growth for Indian organizations and their employees, which in turn will contribute positively to the GDP of the country.

Global Talent Exchange: The Answer To Your Recruiting Woes

With a next-gen platform in place, the team at GTX goes above and beyond to help companies that struggle to find qualified tech talent connect with candidates that have the potential to accelerate their processes in the way they require. 

Save hiring costs and time, and remain one step ahead of your competition. 

Contact us to learn how we can address your acquisition and retention challenges. 

Also read: Leveraging Talent From Global Tech Hubs

Governments and policymakers across the world are hurriedly seeking new and sustainable approaches and methods to alleviate food insecurity.

This is becoming a major concern, given that the global population as of November is a whopping 7.99 billion. It is also exigent to manage the limited resources, the imbalance in distribution and accessibility, and significantly increase agricultural output.

India’s Agritech Scenario

The global Agritech sector is poised to grow at 12.1% CAGR between 2020 to 2027, with startups in this realm raising funds to the tune of US$26.1, which amounts to a growth of 35.4% from the year 2019.

In the face of the impending crisis and given that India continues to be quintessentially an agrarian country, there is significant attention to agriculture technology or agritech. The country continues to compete with the US and China in this sector. The agricultural sector in India is a source of livelihood for more than 40% of our population and makes up about 9.9% of the country’s GDP.

However, this sector continues to be hampered by stunted productivity and growth, with the income for farmers taking a serious ‘beating’. It has become exigent, therefore, to speedily introduce sustainable reforms and modernize Indian agriculture with technology or agritech.

What is Agritech and Why is it Important?

Agritech is simply the application of technology to farming, intending to enhance efficiency and profitability. Technology enables the enhancement of agriculture through monitoring, analysing, and pre-emptive action for weather conditions, pest control, and soil, air, and temperature management. It is also used to manage irrigation, heating, and the distribution of aerosols for controlling insects.

A peek into the start-up ecosystem shows that India is home to more than 1300 start-ups in the agritech space. These new businesses use artificial intelligence (AI), machine learning (ML), the internet of things (IoT), automation, and other technologies, all geared towards pushing efficiency and productivity in this realm.

While some realms within the agricultural sector have begun to understand and use technology and modernized equipment, a large part of the farmer population continues to rely on traditional methods.  Emerging Technologies & Agriculture  

Emerging Technologies & Agriculture

There is no doubt that the agritech ecosystem is booming, with advancements leading to newer technologies consistently, which, in turn, are providing real-time farm data to the country’s farmers. The agritech start-ups are supporting farmers by providing guidelines on accentuating the quantity and quality of their products while keeping the cost of production low.  

These are some of the ways in which emerging technologies are essaying tremendous change:

Internet of Things (IoT) 

This technology helps to reduce dependence on the physical monitoring of crop fields. IoT devices assimilate and deliver exact real-time information through mobile apps or other means. IoT also assists with tasks such as soil fertility, temperature and humidity detection, tracking plants and livestock, and much more.

Robotics

Manual labour-dependent tasks such as fruit picking, harvesting, planting, transplanting, spraying, seeding, and weeding, are slowly being managed with the help of robots. This is agritech’s answer to the severe labour shortage on farms. Farmers now can manage onerous tasks by automating them through GPS-enabled self-directed or semi-autonomous tractors. Additionally, automated livestock management is being managed by robots.

Artificial Intelligence

Historically, farmers lose precious crops due to a lack of information and resources. AI helps with predictive insights on the subjects of crop output, weather conditions, price predictions, and more – supporting farmers to make informed and speedy decisions. This real-time information supports proactivity and prevents losses. Chatbots deliver tips and information to farmers.  AI and Machine learning help livestock farmers to detect diseases and anomalies in cattle and plants, enabling swift corrective action. ML algorithms help make suggestions on gene selection too.

Big Data and Analytics 

This technology enables the easy examination of farm data, which can then help to convert it into information that can be used to advantage. The data on crop production, area, projections, irrigation, land usage, agriculture prices, weather predictions, crop disease information, and more help lay the foundation for the next season.

Drone Technology 

Drones with cameras are super-effective in cutting costs for farmers through the images they can capture in a short time, even for very large farm expanses. They can also assist with geofencing to prevent the loss of livestock, help with monitoring grazing and wandering cattle activities, and a lot more – all through GPS-enabled technology. The ability of drones to hover allows them to collect real-time and comprehensive data and images with regard to crop and soil conditions.

Blockchain 

The core attribute of blockchain is the ability to store records while keeping them tamper-free. This is very useful to address issues in the current food system – food fraud, proper supply chain, food traceability, and inefficiencies. Blockchain is decentralized – this strength ensures the proper validation of processes and products, leading to greater transparency in the market.

Blockchain technology enabled by sensors supports the safe and guaranteed tracing of animal products ‘farm to table’. This activity is critical in monitoring disease outbreaks, thereby preventing pandemics and aligned economic losses. Sensors help to monitor milk quality, pregnancy hormones, and the overall health of the cattle. 

Additionally, sensors allow cattle to roam freely, without the boundaries of fences – sensors act as virtual fences. In addition to this technology, robotics has also found favour, since it helps to address the critical labour shortage issue on livestock farms. Currently, about 12% of all dairy farms have ‘employed’ robots, and this usage is expected to reach about 20% in five years hence.

Finally… 

As India continues to grow, with internet penetration even in rural areas, given that they are the engine of growth, adapting to changes seems doable.  

India is poised and well-positioned to manage evolutionary agricultural techniques, enabling farmers to move towards innovation and better business models, all supported by Agritech.  

If the country is lacking anywhere, it’s in the quality and quantity of top-notch talent in the form of expert engineering and IT professionals who can lead the revolution that is underway.  

Do you have what it takes?

THE GTX EXPERIENCE: A TESTIMONIAL - PHANI NANDULA

Mr. Phani Nandula is currently working as a Staff Engineer- Data Science and Machine Learning at Micron Technology.

He has an impressive professional journey, with over 14+ years of experience, and has led several machine learning projects in the areas of Natural Language Processing, Time-Series data, and computer vision to solve challenging problems in Pharma, Automotive, and Manufacturing domains.

He is also experienced in identifying key customer requirements, proposing machine-learning-based techniques, validating concepts, and deploying solutions. He has 7 patents issued across machine learning, additive manufacturing, the power industry, and the aviation domain.

Our team was interested in getting to know him better, understanding his path, and getting feedback on his experience working with GTX. 

Read on!

Could you give us a brief about yourself and your professional journey?

Starting from the top, I got my bachelor’s degree in mechanical engineering and then did my master’s from IIT in applied mechanics. Soon after, I joined GE Aviation in Bangalore and worked there for 3 years. I moved to the GE Global Research Centre after that and worked there for about 6 years.

I then joined Siemens and was working in machine learning for gas turbines and power generation for 3 years. Moved on to Bosch as a solutions architect within the pharmaceutical and automotive industry. I have now joined Micron. I have a total of 14+ years of professional experience.

With the experience you possess, the decision for changing a job is usually highly motivated by a strong driving factor. What was yours?

Everyone has aspirations of money and a better position, but for me, that isn’t the priority at all. I am more interested in the problems that I would be able to solve. Whenever I’ve chosen a job, even in the past, I have focused on solving real-world problems be it in pharma, energy, power, etc.

I had no experience in the Semiconductor industry but I wanted to pursue the opportunity with Micron because I was very excited about what I would be working on. The industry is gaining a lot of prominence in India and I feel it would be great for me to learn more here, contribute my experience and knowledge, and be of incredible value. I am purely driven by purpose.

What progress do you seek professionally in this role? What do you hope to gain from it?

I would say I’m still in the process of figuring it out myself. The work is fast-paced in this industry and it presents its own set of challenges, but it is exciting all the same. 

All fields are different, there is certain technical jargon specific to the work and it takes time to pick up on all of it. 

I would say, at this point, I am navigating the Semicon industry and in the explorative phase. I am enjoying the kind of problems I get to solve here- it’s very rewarding.

Before landing the job with Micron, how long were you on the lookout for a change? 

Not much time at all- I’m very fortunate about that. I uploaded my CV in the first week of December and in the last week (around the 26th) I was contacted by the GTX team. They discovered the profile very fast.

With your experience, you probably would have a range of opportunities to choose from. What made you go with Micron- what stood out?

When the recruiter from GTX got in touch, I did not know what Micron was. I started talking to people, read the JD well, researched the company thoroughly, and soon realized that they’re excellent and doing some fantastic work. Since it was not a startup, I felt they would provide me with time and space to learn about the role before delving head-first into the work; this is something I really appreciate. 

In addition to this, I feel that the Semicon industry is coming up rapidly in India and I was intrigued. Although I would say it’s a risk switching to a different field, it’s rewarding and the perfect time to get in on the action.

How was your experience with the GTX team, from start to finish?

It was great. Your team provided me with all the details. I feel in such a role, it’s almost impossible to ask all the questions in one go. I contacted her (GTX recruiter) many times with several queries and she was patient and answered everything. I felt very comfortable with her, even more than I did with the other POC outside of GTX. 

I would say that if I hadn’t gotten the information that I needed, the change would be way more stressful for me. A career decision is a big one and the team helped in every way they could.

Moving forward from your personal experiences…..

Do you think with the developments taking place in India- especially in emerging tech, such impressive opportunities have sprouted throughout the nation at a very rapid pace, but there isn’t a lot of awareness about it?

Definitely, I feel awareness needs to increase. When people are on the lookout for a job change, they mostly rely on Linkedin or word-of-mouth recommendations. People restrict their search within their particular field and look closely at companies similar to the one they’re working in at that point in time- which is what I was doing first as well. 

However, it’s important to explore further. Companies are doing great work in India and you might find the opportunity of a lifetime in the place you least expect it. Organizations should work on elaborating the JDs and platforms like yours can help in this as well- to help people know that the skills and experience they possess are relevant in a newer one as well.

Would you care to comment on India’s role in emerging tech in the global scenario?

The tech boom is one of the best things to happen to the country. The way the startups and unicorns are growing is very impressive. Though work is still heavy toward the services aspect, I can see that products are increasing too. The Indian population is highly educated and talented. The kind of contribution coming from India to the world is amazing and it is only going to grow from here. International businesses are fighting to make their way into India, we are receiving a lot of funding, investments, etc. Times are great.

Coming to the salary... Several Indians were moving out of India to work in the West primarily because of better pay opportunities. Do you think this argument holds true even now?

Indian organizations are paying very well now and salaries have improved massively over time. However, I feel people also choose to move to the West because of the work culture. If India changes by respecting people’s personal time and rewarding hard work, it would be a golden period for the country. 

Global Talent Exchange is a next-gen tech recruitment platform helping techies like you find the perfect opportunities, even if they are overseas. Would you recommend GTX to your friends/colleagues? 

Definitely! Would be glad to.

BLOCKCHAIN- THE INDIA OPPORTUNITY TO UNLOCK VALUE

Technology today is pushing the boundaries of human possibility, accelerating social and financial inclusion, and making the planet healthier. We are increasingly realizing the impact of emerging technologies in improving the daily functions of our lives.

  The latest and most-discussed sensation is Blockchain. While several people associate this fascinating technology only with Bitcoin, Ethereum, and cryptocurrencies in general, in reality, it is so much more.

  India has had a tumultuous relationship with digital assets in particular and leadership took its time to come to terms with what Blockchain has to offer. Upon exploration, it became clear that distributed ledger technology (DLT) is massively beneficial for accelerated decentralized finance, improving supply chain management, whipping into shape the voting procedures, eliminating the shortcomings of the telecom industry, and much more- all while ensuring utmost data safety.

As per a report by Cross Tower and Us-India Strategic Par Partnership Forum, Blockchain and Web 3.0 innovations shall result in a $1.1 Trillion contribution to India’s GDP over the next 11 years.

  Perhaps the most fascinating aspect of Blockchain is that the progress we see to date is just the tip of the iceberg- as adoption increases and policies are rolled out, it shall find multiple use cases across all sectors, especially in a developing country like India.

  Global Talent Exchange organized a virtual roundtable discussion on “Blockchain - The India opportunity to unlock value” as part of our Technology Gamechangers Series. We intended to bring together thought leaders critical to the growth of this disruptive technology within our country to discuss the wide range of opportunities and possibly daunting challenges they see in the way of widescale adoption.

  The session was moderated by Raj Kapoor, Founder of the India Blockchain Alliance, the largest Indian emerging technology tech think tank, and an Advisory Board Member at over 20 blockchain companies including, Floyx, Spherium, and XxTripz. As a global Blockchain, Cryptocurrency, and FinTech educator, he has helped organize India’s biggest Blockchain events across major cities and has spoken at several international seminars and conferences worldwide. The panel consisted of 8 experts from companies that are defining the growth of Blockchain within the country. They engaged with GTX’s Co-Founder Avinash Bichali during the two-hour session to discuss how India is planning its road to a transformed ecology.

All the leaders were enthused about the use cases and opportunities that Blockchain presents. As a panelist pointed out, smart contracts aim to automate contractual processes, bring in efficiency, and enhanced decentralization, which can overcome the problems we face in four categories:

Time of run

Cost of run

Arbitration

Litigation

Most importantly, Blockchain will involve the end user in the processes- a critical aspect that has been missing till now.

  Mr. Kapoor went on to pose an important question before the panel: Will the country’s policies include smart contracts in the near future?

  There were a range of responses- a similar pattern that was noted was that although the policies are expanding and evolving to incorporate this emerging technology, the pace must increase rapidly if India is to establish itself as a major player internationally. The panelists agreed that authentication, agnostic, and payment structures need refreshing, all while cleverly taking account of the challenges that will inevitably come about with an increase in decentralization.

The experts reckon that India is headed in the right direction. Enterprise blockchain is shaping up powerfully, enabling massive investments and working to bridge the trust gap with the users.

  Several leaders felt that it was necessary to stop to identify the use cases so efforts can be focused. While we do lack a regulatory climate as of now, it can be argued that the best minds are working for it. The government must step up as a convenor- to bring consortium partners together- and as an ecosystem developer- by closely coordinating with the state governments and companies.

India’s Blockchain story is unique in itself. The country is planning for a digital currency- which shall be a great initiative, open up doors for the banking and financial sector, and enhance adoption.

A panelist also voiced the need for global action- countries must come together to create a regulatory framework that shall act as a standard for all. The thought leaders agreed upon the urgent need of building up awareness within the community. This can be done via seminars, webinars, and workshops and by incorporating this information at the University level as well.

Organizations must set aside time and resources to train their team about Blockchain and how they shall be expected to use it- and most importantly, why they should use it.

The community must be motivated and a standard for interoperability must be devised via a super-cluster approach that combines tech, users, and academia.

Blockchain has a massive social impact as well- it can help in distributing government subsidies fairly, prevent fraud, improve education, and more.

Moreover, organizations must get together to create a whitepaper with all the challenges, opportunities, ideas, and asks from the government in order to have a focused conversation and differentiate between what the lawmakers can help with and what needs to take its due course.

For any emerging technology, the drivers must have an arsenal of skilled and experienced talent. Unfortunately, India does not have a broad enough talent pool at the moment. The market demand is immense, but the availability is shockingly low. If India wants to scale fast, organizations must look beyond the border to bring in the talent we lack locally.

  All in all, the session effectively covered a broad range of topics- from the use cases to the opportunities and challenges we are presented with. Indeed, Blockchain shall be a major catalyst to revamp the governance processes to build a system that is increasingly efficient and transparent and fairly involves the end users when required as well.

  Also Read: The 5G Rollout: Expediting India’s Dream For Digital Transformation

2. Supportive and Robust Regulatory Environment It is imperative for the government to continue ensuring transparency and put together an easy-to-understand and coherent regulatory policy that will eliminate ambiguity and uncertainty with regard to the process of pricing and approval of drugs. It must also refrain from repeatedly making changes and revisions to the policy but rather put together a framework that supports periodical review. This will build trust with the government and remove confusion within the pharma industry. THE ACCELERATED GROWTH OF PHARMATECH IN INDIA

Currently ranked third in the production volume of pharmaceuticals, India is the largest provider of generic drugs and affordable vaccines, globally. Over the last nine years, it has grown at a CAGR of 9.43%, with its major segments thriving. Generic and bulk drugs, over-the-counter medications, vaccines, contract research and manufacturing, biosimilars, and biologics are some of the top segments of the industry.

  India stands tall and holds a position of authority – with over 3000 drug companies and more than 10,500 manufacturing units, a giant ‘pool’ of talent (scientists and engineers) on track to elevate the industry to greater heights.

Technology in Pharma

Post the Covid19 pandemic, the pharma industry responded by accelerating innovation, technology, and research and development to offer better products at even more competitive rates. The government’s latest Research-linked Incentive Scheme or RLI will benefit the industry from an increase in tax incentives in the R&D realm, enabling these companies to increase their spending on R&D, which would lead to a giant leap in the areas of complex generic drugs, precision drugs, antimicrobials, vaccines, and biosimilars. This has encouraged a rise in technologies such as 3D printing of precision medicine, which is poised to revolutionize medicine in a number of ways. 3D printing also prevents wastage and helps to enhance sustainability.

Errors in manufacturing in the pharmaceutical industry would not only be expensive but also life-threatening to consumers. The FDA has set down rules such as the Current Good Manufacturing Practices (cGMP) – which focuses on the design and the stringent monitoring of manufacturing processes and facilities.

Transformation of the digital landscape is critical from the perspective of improving patient care, reducing costs, more efficient manufacturing, and bringing in more transparency. These technologies include artificial intelligence (AI), augmented reality (AR), machine learning (ML), and additive manufacturing. These technologies enable elevated research and development, faster clinical trials, more creativity and uniqueness in products and services, and increased efficiency in manufacturing while remaining compliant.

Pharma Technology: Use cases

Outpatient and retail pharmacies would be able to enhance and accelerate their operations, as also elevate compliance, clinical, regulatory, organisational, and financial results, with the help of technology.

Pharma technology enables higher efficiency and easy and safe access to confidential medical and patient information – such technology has helped to evolve the administering, supply, and regulation of medicines. Pharmatech is at the heart of changing the way the industry works – storing, managing, and sharing patient data digitally is eliminating the need for paper records.

Pharmatech supports the following: e-prescriptions, immunization records, Bar code identification that reduces errors and time, telemedicine that delivers healthcare to the comfort of one’s home, 3D printing, Artificial intelligence that helps with facial recognition and instant messaging, the development of new medicines and vaccines, biochemical product development, and much more.

The Role of the Government

From the perspective of the government’s role in this realm, there are several aspects that the government can affect. The government must continue to strengthen the regulatory framework, incentivize investment for innovation by pharma companies, and create an ecosystem of collaboration between the industry, academia, and start-ups.

1. Strengthen the Infrastructure for Healthcare By improving healthcare and strengthening the infrastructure, it would be simpler to enhance the usability of the available technologies such as telemedicine, artificial intelligence, healthcare apps, mobile clinics, and others. This would increase access and health coverage for a larger number of people, while also presenting an ocean of opportunities for both the health and pharma industries.

2. Supportive and Robust Regulatory Environment It is imperative for the government to continue ensuring transparency and put together an easy-to-understand and coherent regulatory policy that will eliminate ambiguity and uncertainty with regard to the process of pricing and approval of drugs. It must also refrain from repeatedly making changes and revisions to the policy but rather put together a framework that supports periodical review. This will build trust with the government and remove confusion within the pharma industry.

3. An Independent Pharma Ministry An independent ministry will speed up policy-making and decisions, ramp up the implementation process, expedite investment approvals, and support the continuous elevation of technology within the industry.

4. Focus on API Manufacturing The Active Pharmaceutical Ingredient (API) is the biologically active component of a drug product (tablet, capsule, cream, injectable) that produces the intended effects. By providing infrastructure and regulatory support, the manufacturing of APIs in India can be enhanced, thereby reducing the reliance on these from other countries. Constructing large-scale dedicated zones, increasing pre-approval of environmental clearance, allowing existing facilities to support API manufacturing and a lower cost of borrowing to set up an API plant.

5. Promote and Support Innovation The pharma industry would benefit by reducing the GST on all drugs – maintaining a uniform 5% - rather than just on the life-saving drugs, and competitive tax interventions especially those that support research and development, technology, and technology transfers. A streamlined policy that supports clinical trials for innovative products, better support for technology in established companies, health-tech start-ups, and an increase in investor-friendly business policies. Setting up of anchor educational institutions that support technological and other research and innovation. These institutions would not only initiate research but also be the prime ‘providers’ of skilled talent and collaboration on strategic initiatives.

6. Collaborate with International Regulatory Bodies Such collaboration will help to expand and make a more robust global footprint, while also improving market presence through the exchange of best practices between regulatory bodies of several countries. Innovation and tech-led growth are possible only with support from the government, through regulatory interventions, investments, and consistent nurturing of technology. The current government schemes include an increase in budget by 18.6% over five years, the Ayushman Bharat Yojana (now called the Pradhan Mantri Jan Arogya Yojana, which plans to make secondary and tertiary healthcare completely cashless for the underprivileged section of society covering about 50 crore beneficiaries), and others.

The Lack Of Talent

While the pharma industry is currently worth trillions of dollars and has made significant advances in technology, there is still a long way to go. The IoT, artificial intelligence, robots, and sophisticated computers need to evolve even more and faster, and modern manufacturing technologies are still in the loop.

Investment and focus on pharma-tech can exponentially improve efficacy, effectiveness, agility, speed, adaptability, and uniformity in the output and performance of the pharma industry. Technology in the industry will define the next generation of products, while also raising quality, controls, and safety standards, which currently are managed manually!

However, since every process cannot be managed by ‘machines’, a smart combination of human and artificial intelligence is certainly the right choice.

According to the Economic survey of 2021, India’s domestic pharma market is likely to grow by 3X to reach a $130 Billion valuation by 2030. The demand for industry-ready talent has increased massively, and such exponential growth has only made the talent gap that much clearer.The country requires competent professionals such as pharmaceutical managers, engineers, clinical researchers, business analysts, pharmacovigilance experts, etc. to take charge of the revolution that is to come.

  The sky is the limit for the pharma industry in a populous developing country like India- are you up for the challenge?

A R2I STORY: SADANAND SINGH

Mr. Sadanand Singh is currently working as a Principal Research Scientist. He had moved to San Francisco, USA to pursue his Ph.D., which is where he began his professional journey. 

He has an impressive professional journey, with over 10+ years of experience with deep learning, machine learning, numerical modeling, and scientific computing in production environments. He also has an excellent publication record with 600+ citations in high-profile journals like Nature Materials.

Our team was interested in getting to know him better, understanding his path, and getting feedback on his experience working with GTX.

Read on for a glimpse into Sadanand’s journey.

Could you give us a brief about yourself?

I am currently the principal scientist at Micron India, after making my move back to India from the U.S. with the help of GTX.

I had shifted to the U.S. for my Ph.D., after which I worked at several reputed companies as well as with a couple of start-ups. 

What made you choose the U.S. for pursuing higher education?

India is great for an undergrad degree, however, back in 2008, I felt the opportunities for higher studies were better in the west. I was seeking a high quality of education, which is why I moved. 

How was your experience in the U.S. during your time there?

When you are young, new experiences are definitely exciting- personally as well as professionally. There were other Indians that I connected with as well. 

One thing to mention was that the academic experience was both challenging as well as humbling for sure. 

While in the West, did you feel anything was lacking? What made you consider a move back to the homeland?

Though I felt relatively satisfied professionally, I felt something missing in the personal aspect. Once you grow up and mature, you realize the importance of family and it dawns on you on a daily basis just how much you miss them. I felt very lonely at times. The family structure in the U.S. is nuclear, which is very different from what we’re used to back home. It hits harder once festivals like Diwali come around- you think you can just go back to visit, but how often can you do that, after all? I also really missed the food back home.

An obstacle that I faced in the U.S. was the terrible medical/healthcare system. Everything seems hunky dory till you fall ill, after which you can easily lose a majority of your savings- the American dream comes crashing. 

How long did you plan for the move before actually taking the plunge?

We (my wife and I) had started contemplating the move back in 2019. Covid in 2020 gave us even more time to consider our priorities and think them through. I wasn’t sure about the opportunities available in India. Collectively, we were earning nearly half a million in the U.S. but I didn’t find such pay in India. Luckily, once GTX contacted me with an awesome role, the pace increased. After that, it just took 3-4 months. 

How did you tackle this salary gap? How did you come to terms with what was being offered here?

I talked to a lot of people who work in India and have built impressive careers. It made me realize the quality of life that was possible with even the minimum that I was being offered back home. The lifestyle this kind of salary can get you is great and impressive. I live a lot better than I did in the U.S.

For example- I was renting a 2 bedroom house there, and paying triple the rent that I would have to here. Now, I am living in a 5-bedroom villa, and I can afford to hire a driver as well. 

This kind of lifestyle is something I could not have even imagined in the West. 

Do you think a lot of the NRIs scare away because of the salary discrepancies? 

Definitely. I feel a lot of people, especially my generation, don’t realize the opportunities in India and the changes that have taken place. Just, for example, the UPI system is brilliant. India is booming – in fact, the U.S is still lacking in several aspects. 

Did you face any hindrances/obstacles during your move back?

No, I didn’t. I really appreciate Micron for making the move easy for me- they helped in every regard. Global Talent Exchange helped immensely as well and made the cross-country moving process way easier. 

What were you seeking out in the career opportunities in India? 

I did set firm boundaries and operated my search within that. I was not willing to take a probational shortcut. I was also not willing to take any steps back, and my professional career should not be compromised. I wanted to remain in the research field. While I was applying, all I could think of were the IITs. It was a rigorous process- luckily, GTX approached me. It made the entire journey efficient and manageable. 

Would you agree that a good opportunity requires some digging and patience? 

I 100% agree! A lot of the NRIs are unaware of what steps MNCs are taking to grow their business in India. It’s also important to mention that a large number of people are under the impression that India is a “back office”. That’s not the case anymore at all. It’s also difficult to find something that aligns with the competencies of the NRIs that have good work experience and have built a strong skill set. Back then, even I didn’t think it would be possible to get the kind of role I got in Micron. GTX helped massively.

How was your experience working with the GTX team throughout the entire process? 

From the time the team initially contacted me till the time I made my move back, they were very helpful. The recruiter helped me understand the title and walked me through the requirements and the company profile. Even though it was during Diwali (festival time), I noticed that there were efforts made to prevent any lapses from either end. After I was connected to Micron, I felt an instant “click”.

GTX made my life easier, I would say. They were very considerate about my schedule and time zone and planned the meetings at a time that was suitable for both. They enabled conversations and followed up regularly. I really appreciate your active involvement and efforts. 

Could you talk about some of the myths that you were holding on to back in the U.S. about what life would be like back in India? 

Definitely the lifestyle aspect- did not think such a luxurious life is possible. Also, I didn’t know India has the kind of opportunities that I now realize it does. I’ve got an impressive position back home. 

There’s also no dearth of anything that you may want- in fact, the choices are endless. For example: If you feel like eating a homely meal, India has a wide variety of “dhabas” (small food joints) but also has stunning 5-star hotels where you could dine in luxury. 

Also, I thought I wouldn’t be able to access nature walks and beaches as I did in the U.S. However, even in India, several people have gotten together to form backpacking groups, tour groups, etc. Everything is available, you just have to find it. 

If you could convey any message to the NRIs that might be looking to move back, what would you say? What developments would you tell them about?

The digital payment system is very impressive and India is headed toward building a cashless economy. The developments in Southern India are something to be marveled at. Bangalore and Hyderabad are a few places that have no dearth of opportunities- in fact, they are at par with the U.S. I would say that there are several job opportunities similar to the San Francisco Bay Area. 

I would definitely advise them to be open about it, and talk to a lot of people. I would urge them to not squash the feeling- if they have an inkling that they want to move back, they shouldn’t ignore it- the emotion is arising for a reason. I would recommend that they research, talk to friends and talk to family. Most importantly, I would recommend they talk to Global Talent Exchange!

Lastly, I would tell them that they can easily find what they seek, they just have to be patient. 

THE 5G ROLLOUT: EXPEDITING INDIA’S DREAM FOR DIGITAL TRANSFORMATION

The fifth generation of cellular technology is just around the corner, and the Indian government plans to launch the services at the inauguration of the IMC (Indian Mobile Congress). It promises to connect machines, objects, devices, and most importantly, people better than ever before. It promises to transform the way we live and work with better performance, low latency networks, and faster Internet. It shall work toward ensuring uniform availability and accessibility as every user deserves a superior experience.

5G will allow more data to travel across networks in real-time at mind-numbing speeds, all the while maintaining the utmost safety and security of the information. Undoubtedly, it has the potential to rewrite the future of the majority of industries across the globe.

According to a GSA Report, 70 countries were utilizing 5G as of June this year. The network is estimated to reach 1 billion users by the end of 2022- exceptional growth when compared to how long it took for 3G and 4G to reach people. 

However, an event of this magnitude is bound to bring with it a set of challenges, especially in a populous country like ours. It’s time to get together and be vocal about how we can leverage this technology in the best possible ways to accelerate progress across industries and contribute to the development of a sustainable society. Thus, Global Talent Exchange organized a Virtual roundtable discussion on “The 5G Rollout: Expediting India’s Dream For Digital Transformation” as part of our Technology Game Changers Series.

The session was moderated by Brejesh Lall (Professor, IIT Delhi). He is currently IITD Principal Investigator for MeiTY’s 5G & Beyond project and is directing a research team of 6 faculty and 27 research scholars. He has earlier served as the head of the Bharti School of Telecom Technology and Management and was the coordinator of Airtel IIT Delhi Centre of Excellence in Telecommunications and Ericsson IIT Delhi 5G Center of Excellence. He has mentored 5 startups, in the areas of Virtualization, Geo-fencing, UAV-based Solutions, and data mining. He actively participates in building and deploying technology.

The panel consisted of 7 multitudinous thought leaders from companies that are making a massive difference in the Indian tech scenario. They engaged with GTX’s Co-Founder Avinash Bichali during the 2-hour session, contributing their valuable insights and ideas.

The session kicked off on a very optimistic note. Several panelists believe that superior network connectivity can bring uniformity and unity in a diverse country like India. It can bridge the gaps between the metro cities and the rural, ensuring that each spectrum of society can benefit from the technology upgrades that the country is undertaking.

The experts took to discuss the 4G network and how it managed to make such a humongous contribution, especially during the pandemic. Children were able to continue pursuing their education with the help of good network, even in tiny, remote villages. India is in the top 5 countries globally for 4G availability. The network has helped businesses solve the problems of the public- initiatives like Aarogya Setu, UPI, Uber/OLA, OYO rooms, Cowin, etc. are examples of individual empowerment through technological innovation. 

Often with an upgrade of such magnitude, user expectations shoot through the roof- leading to a new concern of whether the hype could pose a challenge in itself, and whether or not there is a mismatch between expectations and reality. However, the panelists agreed that the hype was important, but people must remain patient and give the technology the time and space to unfold to its full potential.

Next, the experts went on to discuss the challenges with deployment that the country could face. Deriving understanding from their years of industry knowledge, they pointed out that the device ecosystem, backhaul, and lack of awareness could act as giant obstacles for the 5G network in India. Governmental policies must be brought into the public domain and people must be educated about the potential use cases that go beyond the typical entertainment screening so that the majority can work toward using upgrades for the betterment of society at large. The panel went into great detail to discuss how healthcare can flourish and reach the furthest corners of the country, enabling remote diagnosis, virtual care, remote surgery, telemedicine, consultations, and more at affordable rates.

Coming to the rollout itself and the India-specific applications, the panel was divided. While some opined that India’s large volume of demand and cost-sensitivity sets it apart from the other countries, others felt that the telecom capacity and coverage operate according to certain standards set from an engineering point of view and the use cases remain relatively similar the world over.

Lastly, the panel took up an extremely important discussion point- talent. Does India have the expertise required? Do tech organizations need to rethink their approach in order to obtain the correct talent? The experts agreed that recruitment has become incredibly difficult over the past few years. While India has an abundance of skill otherwise, it lacks expertise in emerging technologies- ironically, the need of the hour. The 5G rollout and expansion will require a complex ecosystem of top-notch players, and businesses must work on their hiring strategy, bringing onboard employees from tech hubs around the world to give the Indian telecom industry a chance to compete at the international level. 

The session was filled with enthusiasm and vigour, and radiated positivity for better days ahead.

This closed-door conference was the 7th in our Technology Game Changers Series, and we’re gearing up for the next.

LEVERAGING TALENT FROM GLOBAL TECH HUBS

In the technology-driven world today, it’s no surprise that several tech hubs have emerged in countries spread across the globe. These places are ideal, given their vibrant and dynamic lifestyle and thriving work environment.

The exposure and experience gained in these areas can now be leveraged by India as organizations hire talent to fill leadership or niche-skill roles because of the absence of adequate and appropriate local talent.

Read on!

1. San Francisco, USA Silicon Valley encapsulates the tech world in the entire Bay Area – comprising San Jose, Menlo Park, Palo Alto, Mountain View, Cupertino, Santa Clara, Redwood City, and Sunnyvale. It is the home and ‘mecca’ of tech innovation, with some of the largest and most influential companies based here- eBay, Nauto, PayPal, MySQL, Facebook, WhatsApp, Momentus, Apple, Eightfold, Amazon, Alphabet, and many more. Given the concentration of the ‘biggies’, it’s noteworthy that the Bay Area is also a highly beneficial place for small, mid-sized companies, and start-ups.

2. Hong Kong Hong Kong is home to the Hong Kong Science Park, which is famously known as a centre for innovation. 600 technology companies and about 13000 tech professionals live and work in this bustling metropolis.

3. Tokyo Japan has earned the reputation of being the most dynamic and effective manufacturer of industrial robots, given that its production accounts for more than half of the global robotic supply. With this as a precedent, Tokyo is now quickly spiralling upwards as the place for other tech industries and start-ups.

4. Shanghai 

China’s Silicon Valley or Zhangjiang Hi-Tech Park is located in Shanghai, to assist businesses to consistently innovate. More than 1000 start-ups have set base here, with most of them operating within the realms of EdTech and Gaming. The ‘valley’ also has more than 400 Research and Development centers. China accounts for more than a quarter of the global revenue in gaming, making it the largest mobile gaming market in the world.

5. London  

London is striving to become the main tech nucleus and is now regarded as the world’s third most significant and pivotal innovation center. The introduction of a start-up visa program in 2019 has contributed exponentially to the growth of London as a tech hub.

6. Tel Aviv 

Tel Aviv has the highest number of start-ups per capita globally. The city boasts of more than 100 research and development and innovation centers belonging to foreign countries: Facebook, Google, Amazon, and Barclays included. More than 40% of the start-ups belong to the Artificial Intelligence sector, with more than 25% of the city’s workforce employed in this sector. The Tnufa Initiative is focused on assisting budding entrepreneurs to develop unique ideas and concepts, which can attract grants of up to 85% of the approved expenditure. It also enables foreign companies to set up a base and accelerate their business ideas, without debt.

7. New York

New York has made crucial technological advancements, which are led by sectors such as EdTech, AI, Big Data Analytics, and Cybersecurity. There are more than 9000 start-ups and over 100 incubators. Within tech, 886 companies received approximately US$16.2 billion in VC funding in the year 2020. Given the rapid rise of tech in the city, it has emerged as one of the biggest tech hubs across the USA.

8. Beijing 

Replete with resources for innovation, the capital of China plays host to 1000 scientific research institutes, 90 universities, and the Zhongguancun Hub – a hub that has 9000 tech companies such as Baidu and Sina Corporation – both behemoths in their realms and both listed on NASDAQ. China has 70 unicorns – valued at over US$1 billion each – and almost half of these unicorns are situated in the Zhongguancun Hub.

9. Singapore 

This Southeast Asian country is the hub of innovative strategies across businesses and is brimming with highly talented and skilled workers. The government supports businesses through low taxes, a plethora of investment opportunities, and an ecosystem that attracts the best talent. The city has a robust IT infrastructure – often regarded as the best globally. Even during the pandemic, in 2020, Singapore was able to attract US$17.2 billion in fixed asset investments. The Singapore government invested US$19 billion across enterprises as part of its Innovation, Research, and Enterprise program.

10. Ho Chi Minh As per the World Economic Forum, Ho Chi Minh City is among the top ten cities to have incorporated technology to accelerate growth and change. It has also been classified as a city with high potential to become one of the top tech cities in the world. This is attributed to low costs, huge amounts from foreign direct investment (FDI), and a growing consumer market.

Why India Should Leverage Talent from Global Tech Hubs The tech talent in India is amongst the most sought-after talent across the world. Additionally, cost arbitrage in talent sourcing also works to the country’s advantage. Globally, countries are aggressively hiring tech talent, placing a lot of pressure on the Indian hiring system. The attrition rate is high within this realm (24%), with talent moving fast and towards companies that offer better salaries and perks. The talent war is very real and very fierce! With over 4.6 million employed in the tech sector, this sector accounts for about 8% of the country’s GDP, which has exacerbated the demand for digital services. A report by NASSCOM reveals that there are only about 100 persons for every 200 open jobs in the digital space. Given this frenzied race to acquire talent, it would make sense for India to look for tech talent outside of the country. Hiring in the tech sector is unlikely to slow down or stop any time soon, and hence, companies need to put up their top game if they wish to attract the best talent. Inability or unwillingness to train and upskill their staff, and look at talent from other locations, will severely compound the problem of a talent crunch. Opening up doors and being flexible with their hiring options will help tech companies to quickly scale up. It also enables mid-size companies and startups in India to use the expertise of international hires and crack into the global markets with ease. With GTX, your organization can access and hire talent that has lived and worked in the most prominent tech hubs of the world, and emerge victorious in the ongoing war for skill and talent. Also Read: Accelerate Business Growth With Global Hiring

A R2I STORY: KHYATI THAKUR

Mrs. Khyati Thakur is currently working as a Senior Software Engineer at Inspirit.

She had moved to Los Angeles, USA, to pursue her Master’s in Computer Science, and had worked there for 9 years before moving back to India.

She has had a remarkable journey- personally and professionally. Khyati currently has over 10 years of experience working in the tech industry as a software engineer, engineering manager, and product manager and 7+ years of experience working as a K-12 curriculum creator. She has also worked as an educator in a non-profit in India.

The team at Global Talent Exchange got in touch with her recently, and she was gracious enough to tell us her story.

Khyati’s story is inspirational and conveys just how strong is the call of one’s motherland. 

Read on!

Could you tell us a little bit about yourself?

I’m Khyati Thakur and I am currently living in Pune. I got my master’s degree from the University of Southern California (USC) and went on to work in the U.S. for a good 9 years as a software engineer. Over time, my husband and I realized we wanted to move back to India, and we’re here now!

A lot of your LinkedIn content revolves around your Return to India journey- could you elaborate on it?

When I first shifted to the US, I was sure that I wanted to come back and not settle there forever, as being close to my family is important to me. I met my husband at USC itself, and we both agreed that we would gain some experience in the US and then move to India. 2020 brought along the Covid pandemic, which delayed things for us. Finally, at the end of 2021, we decided to take the leap and relocate. I write about my journey to help others in a similar position take better decisions and understand how to go about the process.

What were the reasons that made you choose the US for higher education? How was life there- personally and professionally?

I think it was just because I was young and I wanted to explore how life would be in different countries. I was already working in India, and when I asked people how to accelerate my career to the next step, several recommended getting my masters from the US for exposure as well. The course content was great, I was working in a startup, and the work experience was good.

Though I was enjoying the way my life was shaping up, I always wanted to give back. When you’ve lived somewhere for so long, you are very connected to your roots, and family and you’re aware of the problems that exist. I even started working with non-profits in India while still in the US. I wanted to use my experience to build cool stuff for my people in India!

Apart from this, did you ever feel anything lacking in life while in the US?

Definitely. Of course, you can make some great friends in the US, and the colleagues are great, but nothing can even come close to the family and friends you have back home in India. It gets lonely very soon. It’s worse during festival time when you want to fly home with all your heart, but you can’t.

Covid was an extremely hard phase as well. Our parents got ill but we could not come back and take care of them due to the restrictions. It put things into perspective, and all the money that we were getting didn’t seem worth it any longer. The personal aspect overweighs the professional.

What was the “final trigger”? Why did you decide that this was the correct time to move back to India?

In my mind, I was ready to move way earlier than we actually did. Since at the time I was running my own startup, it was definitely easier for me to relocate. However, my husband was hesitant and wanted to explore more career opportunities before moving. 

He did, in fact, land his dream job, but soon after, the work pressure increased massively. The question arose: What are we even doing this for, what is the purpose? We wanted to be close to our family and use our skills to help our country. This was the final trigger. 

Would you say it can get difficult to find jobs across countries, and this search is what discourages NRIs from trying in the first place? What could make this process easier? 

Certainly. It was difficult for me, for sure. After Covid, my startup started losing traction, and I was in the search of a job in India. When I was conducting a job search, I was certain about the fact that I needed to be compensated fairly. 

India is booming right now, there are so many new startups that are solving real problems for the world. A majority of these companies are well funded and they are ready to pay handsome salaries because they want and need good talent. So, while it can be a little difficult to look for good jobs, it’s not impossible- you need to be patient and do your research. India is a silicon valley in the making- this is the place to be in right now.

What are some of the myths that would be debunked once NRIs return home? Do you think they still are envisioning an India that existed, perhaps, 10 years ago?

Most definitely- even I was holding on to such myths; the reality is very different. The job opportunities for sure to start with. I didn’t think it was possible to get such good salaries that are now possible. When we left India, the work culture was very different.

On a personal note, even the family scenario has changed. People are so much more liberal and there has been a major mindset shift and they are ready to accept new ideas- creativity is cherished! I thought I’m returning to the same old India, but that wasn’t the case. It’s not only our generation that has changed, even the older generation is more accepting and open-minded. 

What message would you convey to other immigrants who might be considering a move back? 

I would tell them about the career opportunities- there’s absolutely no shortage/limitation of them here. I would want to tell them that they can get paid just as much as they are in the US, but the interesting part is that they don’t need to. With just half of what they were getting paid in the US, they can lead an absolutely luxurious lifestyle in India. This is why even Silicon Valley VCs are looking for opportunities here and investing in the businesses.

On the personal front, I want to tell them that they will never be able to develop the kind of connections and relationships as they have in India. I understand it’s difficult to take the plunge, but it is so worth it.

Immigrants gain a lot of good exposure while working in the US. In what ways do you think they can leverage their experience to secure leading positions in India, and use their savings to lead a comfortable life?

NRIs can manage to save a lot of money. From my own experience, my husband and I were earning for just about 7 years, but when we moved back to India, we didn’t have to worry about finding work immediately. The amount that we saved was more than enough to sustain us for about 6-10 years even. We could sit back a bit and discover what we wanted to do further- such downtime is practically impossible in the US. Then again, the exposure you’ve gained can be utilized within the country as several companies would be willing to offer a lucrative salary for your expertise.

  Once you finally moved back, how easy or difficult was it to settle down? Is that a major point of concern? I would say it takes time to settle down. The weather could take you aback at first- India is a relatively hot country, but there are places with a cool environment as well. Also, the air quality and pollution could pose an issue, but this is where you came from and it doesn’t take extremely long for your body to adjust.

I think there are pros and cons to living in each country- you just have to prioritize. If you’re moving back to be close to your family and reconnect with your homeland, such problems hardly matter. Moreover, the food in India is so very fresh- be it vegetables, fruits, or milk. For example, in the US, we would get a massive 4-gallon jar of milk that would stay in our refrigerator for up to 2-3 weeks, which is extremely unhealthy. Here in India, we get fresh milk at our doorstep daily.

Global Talent Exchange is a new-gen recruitment platform that specializes in helping NRI talent access top-notch career opportunities back in India that are in alignment with their experience and current pay. Do you think if you’d been in contact with GTX during your own move, it would have eased the process and made the job search easier?

Definitely, it would have helped me massively. What GTX is doing is the need of the hour. Since I started writing my story on LinkedIn I’ve noticed several immigrants reaching out to me because they want to know what my experience was like and because they want to move back as well. Thus, I think this initiative is right on time. 

If I had gone through GTX, it would have saved me a good 3-4 months and I wouldn’t have scrambled with finding the right opportunities.