CEO Pulse Review: Covid-19 Impact on Indian Tech Sector, June 2020

COVID-19 has generated unprecedented exigency response from organizations and governments. Emergency response readiness has been stretched to limits. Indian technology industry has mobilized exemplary BCP/DR resources to ensure continued business for critical client services world-wide. Yet, the event is unfathomable in scale and impact. To better understand the impact of COVID-19, in April 2020, NASSCOM conducted an industry-wide CEO Pulse survey, followed by a set of detailed interviews, to understand the evolving economic and business outlook, early observations, and strategies being implemented.

DOWNLOAD PDF SHARE REPORT

Key Findings

Short-term demand reduction is widely indicated by global clients; while full recovery will be long drawn as the nature of impact remains uncertain
More than two-thirds of Tech companies in India expect FY 2021 to be largely centered on recovery and restart

Industry moved swiftly to a work-from-home model, although, cost rationalisation is now a key priority
Short-medium term cost reduction through cuts in discretionary travel and G&A reduction by restructuring contracts and payments, and short-term hiring halt are being prioritized

Tech demand rise, buoyed by need for Cloud, collaborative workplace technologies, mobility, and cybersecurity, is widely indicated

Digital deals are likely to increase; and the outlook on tech offshoring is promising

Strategies for the new normal by focusing on new revenue sources and sales models are needed
Differentiated partnerships through collaborative investments and co-creation will open-up innovation
Fortifying client relevance by becoming the “go-to” digital partner, guide, and problem solver will go a long way

Download
this report

Regular Price: Free
Member Price: Free

Download report

Related Reports

Indian Tech Industry – COVID-19 Resilience Practices

The Indian Tech Industry – COVID-19 Resilience Practices study presents a collation of best practices that the Indian Tech companies have employed to ride through the COVID-19 induced…

11, June 2020

Free for All

NASSCOM Start-up Pulse Survey – Q1 2020: Reviving the Indian Tech Start-up Engine…

“NASSCOM Start-up Pulse Survey – Q1 2020: Reviving the Indian Tech Start-up Engine During COVID 19” underlines the perspective of Indian entrepreneurs towards the impact of COVID-19 on…

15, May 2020

Free for All