Business

Innovation-driven Indian Economy Climbing Steadily in Global Innovation Ladder

The NITI Aayog in alliance with the Confederation of Indian Industry (CII), and the World Intellectual Property Organization (WIPO), Geneva celebrated the launch of the Global Innovation Index (GII) 2023 in which India retained its 40th  position among 132 economies. The GII is based on innovation-driven capabilities to rank the global economies annually to explore …

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India’s Digital Transformation Powered by 5G Ecosystem Making Way for Sustainable Development

India’s digital transformation journey in the 21st century is enormously propelled by the latest next-generation wireless 5G network. Being the fastest-growing digital economy in the world, this technological revolution is playing a key role in achieving the 2030 agenda for Sustainable Development for India where the key outcomes will be economic growth, green job creation, …

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India Established Green Hydrogen Standard to Flag off Environment-friendly Hydrogen Production

India is aiming high to achieve energy independence for its vast population. To realize the clean energy transition smoothly and achieve net zero emission levels by 2070, recently, the Ministry of New and Renewable Energy (MNRE) introduced Green Hydrogen Production Standards and provided much-needed thrust to the National Green Hydrogen Mission (NGHM). Green hydrogen has …

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The Circular Electronics Business Model has High Potential for the Environment as well as the Economy

With the rising demand for electronic gadgets and smart appliances such as laptops, smartphones, etc. in the wake of rapid digitalization, the electronics sector is experiencing a significant transformation in its linear business model. As the demand increases, it leads to the need for better management of e-waste to adopt sustainable, resource-efficient, and resilient growth …

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India Developing Capabilities in Semiconductor Manufacturing and Design Sector to Nurture Global Ecosystem

India is currently heading high to place itself as a semiconductor superpower in the global arena. The semiconductor is a critical component and plays a crucial role in the development of various strategically important sectors of the economy such as electronics, IT, space, defence, aerospace, telecommunication, and automobile among many others. India is targeting to …

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SEBI’s Broadened Scope of ESG Category Encouraging Sustainability Efforts

The scope of the Environmental, Social, and Governance (ESG) category initiative is expanding globally. Post-pandemic, the investors have shown higher interest in investing in the companies that are responsible for addressing ‘sustainability’ through their operations and strategies. This has led the Security Exchange Board of India (SEBI) to expand the scope of ESG thematic categories …

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‘Minerals Security Partnership’ to Support Sustainable Mineral Supply for Advance Technology Manufacturing Globally

The global leading economies are accelerating their effort to sustainably manage the supply chain of critical minerals to support advanced technology manufacturing since June 2022 when the global initiative of the critical mineral alliance was announced. On this roadblock, the critical mineral exploration, and their efficient supply chain attracts a crucial importance. Major developed economies …

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India with Higher Capital Investment, Ready to Stimulate Infrastructure Development and Economic Growth

India is on the quest of becoming the world’s 3rd largest economy by the end of this decade. It thus demands thriving investment in capital expenditure (Capex). The huge possibilities of consumption, demand, and growth the public as well as private capital investment are accelerating the growth of India’s infrastructure development across the sector of …

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Lightweight Payment and Settlement System to Keep Indian Economy’s Liquidity Pipeline Intact During Disruptions

India’s digital payment landscape is creating a buzz internationally while accounting for 46% of global real-time payment transactions in 2022. Indian digital payment systems such as Unified Payment Interface (UPI) have received international recognition and attracted frequent transactions from cross-borders such as Singapore, UAE, and France, to name a few. Other than UPI, the Indian …

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‘AIRAWAT’ in Top 100 Global Supercomputers List, Promising India’s Potential Lead in Artificial Intelligence

India has huge potential to lead in Artificial Intelligence (AI) globally. Its highly skilled AI workforce and AI-powered startup ecosystem in the last few years have amazed the world. It has around US$ 6.4 billion AI-ready market. To support this technological quest, C-DAC, Pune has developed India’s first AI supercomputer ‘AIRAWAT’. This year, it has …

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