IT Sector Job Losses

The IT ministry is working on a mechanism to assess safety and trust elements in artificial intelligence (AI) solutions but does not want to start with a regulation as it may hurt innovation in the AI space, a top official said on Thursday. Speaking at CII's Global Economic Policy Forum, Ministry of Electronics and IT Secretary S Krishnan said the government has broadly addressed key regulations barring a couple of the issues like copyright and existential crisis. He said under the IndiaAI mission, the government has tried to make a subtle distinction between responsible AI as defined by the West -- which is not expected to be regulated by the government -- and safe and trusted AI. "Safe and trusted AI is when you do the innovation, try and be responsible about it but there would be an assessment. We will try and see that it is safe and trusted in a manner that works for everybody. That is the other space that we are working on right now. We don't want to start with regulation, and

This upturn in IT job postings is seen as a positive development for the $250 billion sector, which recently experienced a significant decline in headcount

The report further suggested that the market is now preferring experienced professionals over freshers

Data suggest that most women are switching to jobs closer to home or even taking on gig/freelancing jobs that offer more flexibility

'It's going to happen again and again and again every five years,' said Pai

Reduction to be around two per cent of the company's headcount

Indians, like people the world over, tend to hide their mental anguish for fear of being stigmatised

Previous attempts to organise 2.8 million employees of the country's IT sector have failed

Major negative impact felt across BPO, telecom, insurance and construction sectors