Artificial Intelligence (AI) has become the most significant technological development of our time, influencing virtually every sector of human society. Its promise and peril are being debated extensively. Much like the arrival of computers in the 1970s–80s and the public emergence of the internet in the 1990s–2000s, AI has sparked fears of job losses while...
Global Capability Centres (GCCs) in India have evolved dramatically over the past few decades, transitioning from cost-driven back-office hubs, to strategic powerhouses at the forefront of global innovation, particularly in artificial intelligence (AI). Today, India is leading the charge in this space with over 1,700 GCCs, driving core functions such as R&D, engineering and product...
India has rapidly taken off to become the third-largest domestic airline market in the world, supported by a steady rise in air passenger traffic. Indian aviation sector is dominated by IndiGo and Air India, making up 90 per cent of domestic seats. With over 1,000 additional planes are on order, India is projected to require...
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...
In the looming global trade war unleashed by the United States President Donald Trump with reciprocal tariffs on trade partners, India can be a net gainer despite his outbursts against India’s high tariffs on American goods. However, it’s going to be a very difficult road ahead given Trump’s give-and-take policy, be it friend or foe....
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...
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...
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 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...