India’s sunrise sectors are poised for a prosperous future, driven by a burgeoning demographic dividend. These industries, marked by rapid expansion and long-term significance, are revitalizing India’s entrepreneurial landscape. Despite macroeconomic challenges and a funding slump, India’s startup ecosystem is resilient and primed for investment, with 2023 expected to rekindle interest in these promising sectors.
India is making remarkable progress towards self-reliance in its emerging markets, guided by the vision of ‘Atma Nirbhar Bharat’, especially the third pillar, a technology-driven ecosystem. The integration of new technologies into value chains and supply networks will play a crucial role in India’s journey towards self-reliance.
In May 2020, Prime Minister Narendra Modi introduced the ‘Atmanirbhar Bharat Abhiyan,’ igniting an entrepreneurial spirit among India’s talented youth, leading to a wave of technological innovation.
As India cements its position on the global economic stage, workplace stress is becoming a growing concern, leaving professionals feeling unsupported by their employers. Ignoring this stress could result in burnout, absenteeism, and decreased productivity.
A 2021 survey of 3,881 professionals showed that 55 percent of India’s workforce experiences workplace stress.
A recent LinkedIn poll explored how HR professionals address ‘technology stress’ in the workplace, revealing concerning responses, including indifference and a general lack of awareness about the issue.
Globalization and privatization have introduced new work dynamics such as the vulnerable employment due to the gig economy, leading to job insecurity, concerns about future working conditions, and rapid skill obsolescence, all contributing to stress. The IT industry, in particular, has seen rapid growth, making India a key player in the global IT market. However, IT and ITES employees often face elevated levels of stress, driven by unrealistic targets and challenging situations.
Job-related stress can lead to harmful physical and emotional reactions when job demands don’t align with individual capabilities, resources, or personal needs, potentially causing health issues and injuries.
“Technology-induced stress” also is a persistent challenge in the IT sector, adding pressure on individuals to adapt to new advancements continually.
Implementing stress management programs, such as yoga, meditation, and relaxation activities like aerobics and dance, can mitigate the health risks associated with stress among employees, ultimately fostering a healthier community.
Companies should continue to invest more in employee assistance programs and incorporate yoga into their holistic wellness activities to effectively address employee stress.
Governments, in partnership with the workforce and employers, recognise the role of meditation in nurturing mental well-being, and it is now being promoted in educational institutions and workplaces more than ever before, enhancing focus, creativity, and work ethics.
A collaborative network is essential among organisations in the sunrise sectors to facilitate holistic knowledge exchange, ensuring the most authentic and trustworthy user experience and enriching the India Inc universe with shared insights.
The future of India@work promises to be challenging, exciting and rewarding. But the steps that we take today will go a long way in ensuring that we don’t reinvent ourselves to be future-ready!
