In a recent report, the World Bank said India’s economy needs to grow by 7.8 per cent on average over the next two decades to achieve the country’s aspirations of reaching high-income status by 2047, the 100th year of Independence. While India’s pace of growth, averaging 6.3 per cent between 2000 and 2024, provides the...
The World Economic Forum declares AI in healthcare as ‘India’s trillion-dollar opportunity.’ Artificial Intelligence (AI) has the potential to transform healthcare services uniquely in India by improving patient outcomes, increasing efficiency, reducing costs, enhancing access to care, overcoming doctor-patient ratio and lessening burden on hospitals. Here are some ways AI could change healthcare services...
Digital lending is one of the fastest-growing fintech segments in India and it has grown exponentially from nine billion USD in 2012 to nearly 150 billion USD in 2020. It was expected that the digital lending market will reach a value of around 350 billion USD by the end of 2023. This business has mainly...
Numerous studies have shown that cellphone and internet addiction have a similar effect on our brain as drugs such as heroin. Hence, this is concerning especially for children and teenagers, as their brains and social skills are still in a developing stage. With the advancement of cellphones into smartphones, along with the progress in internet...
While the size of the Indian leather trade and products is estimated to be USD 10 billion, almost USD 5 billion worth of manufactured goods are exported annually. Leather sector has maintained high export earnings consistently and is one of the top ten foreign exchange earners for the country. India enjoys the feat of being...
India has big goals for renewable energy, and in order to meet these goals, rooftop wind energy can complement solar energy projects. India is committed to achieving a series of announcements made globally, such as reaching 500 GW (gigawatt) non-fossil energy capacity by 2030; with 50 per cent of its energy requirements coming from renewable...
Space technologies has been undergoing a transformation world over, most recently in India. With newer scopes and opportunities galore emerging gradually, new business models have also been evolving. According to the Organisation for Economic Cooperation and Development (OECD), space economy is defined as the full range of activities and the use of resources that create...
The financial industry has experienced a lot of disruption from mobile banking to digital currencies. FinTechs, which took off right after the Global Financial Crisis, have been part of our lives owing to their flexibility and ability to efficiently deliver financial services by using technology solutions while offering a better customer experience. Of late, there...
The term XaaS, Anything as a Service, came into use after certain technologies and innovations were connected over networks and converged to become productized. It is a cloud computing concept where a large number of products, tools, and technologies are delivered to users as a service over the internet rather than on-premises or in a...
The window is closing fast if the recent Emissions Gap Report 2022 is any indication. The report found the international community falling far short of the Paris agreement goals, with no credible pathway to 1.5 degree C in place, while stressing the need for significant steps to reduce greenhouse gas emissions ahead of the United...