Post-COVID world presents a ‘Y2K-like’ moment for Indian IT industry: Rajeev Chandrasekhar

The post-COVID world presents a ‘Y2K-like’ moment for Indian IT firms, and the industry needs to play a bigger role in tackling skilling-related challenges to ensure that this huge opportunity can be seized, Minister of State for Electronics and IT Rajeev Chandrasekhar said on Wednesday. The minister also highlighted how the fintech segment in the country has expanded the economy, created unicorns, and put India in a leading position in terms of the platforms and solutions that are being developed.

Speaking at the Global FinTech Festival (GFF) 2021, Chandrasekhar said the IT industry “needs to invest a little bit more capital in this (skilling), and invest a lot more smarts, in terms of predicting which direction the skilling requirements need to come from”.