Watch the interview of Gautam Mehra, India Tax Leader at PWC, Mohandas Pai, Chairman at Manipal Global Education, and Nandita Agarwal Parker, General Partner at Karma Capital Management with Surabhi Upadhyay on CNBC-TV18 where they spoke about alternative investment funds.
Speaking to CNBC-TV18 Sanjay Kapoor, Former CEO, Airtel India said that the biggest hurdle for incumbent operations will be to make some long-term choices in technology.
“Most reassuring is the manner in which he (Modi) politically packaged the economic reforms,†says AK Bhattacharya, Editor of Business Standard adding that it was a people-friendly speech.
According to him, middle-level managers account for 10 percent or 450,000 people of the 4.5 million (45 lakh) strong IT industry in India. Half of them (2,25,000) would lose jobs over the next one decade as their work would get automated.
They are being kept alive by dollars of money." According to him, the country currently has 18,000 start-ups creating a value of USD 75 billion, with three lakh people being employed in the space. He projected 1,00,000 start-ups with USD 500 billion of value and generating 3.5 million jobs in 10 years.
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