Large technology firms The political changes in the US are expected to be favourable to the large technology firms operating in India. The financial results of this segment of the tech firms have been excellent, considering the difficult circumstances that have existed in the last couple of quarters. This trend is most likely to continue in the year 2021 as well. Since mid-and-large sized tech firms have shown great ability to adapt to changing conditions, especially in managing the operations, they are likely to see a year of growth and experimentation with new technologies. The trends seen in the recruitment cycle also point to an expected period of steady growth. Sunder Natarajan, CMIRM, Deputy Chair, India RIG Chief Compliance & Risk Officer, IndiaFirst Life Insurance Company Ltd The unprecedented environment does have an impact on the risks being faced by the key sectors of the country. The services sector which contributes to a lion’s share of the GDP in India today is predominantly young. A dilution of demographic dividend is a distinct possibility on account if the much talked about V shaped recovery does not happen. A good teledensity based on the 1.2 billion mobile subscribers was instrumental in a large shift of the services sector workforce to working from anywhere. However, Information infrastructure stability and risk of cyber-attacks are likely to shoot up with a larger population getting exposed and perpetrators on the rise. Excess liquidity in the banking sector and inability to harness the same may continue to be a key risk in the services and industrial sectors and may also impact the savings rate. A decent monsoon aided by relocation of urban workforce are positives for agriculture which contributes to 16% of the GDP sector. However, failure to capitalise on the agricultural reforms could impact the sector.
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