#indian economy shrinking
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Despite a challenging external environment, India’s economy has demonstrated resilience rather than the Indian economy shrinking like few other global economies. According to the World Bank in its latest India Development Update, a World Bank flagship publication, it is expected that the economy is relatively well positioned to weather global spillovers compared to most other emerging markets.
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A senior health official in Beijing has urged China's local leaders to find ways to boost the country's birth rate.
Yang Wenzhuang said officials must take active steps to tackle the detrimental effects of China's long-standing anti-population growth policy.
He also urged officials to "make bold innovations" in tackling the cost of childcare and education.
China reported in January that that its population had fallen for the first time in 60 years.
In 2022, there was just 6.77 births per 1,000 people in China, the lowest birth rate on record and down from 7.52 births in the previous year.
The country's strict one-child policy - which was implemented from 1980 to 2015 to respond to runaway population growth - has been blamed for the decline. Families that broke the rules were fined and, in some cases, even lost jobs.
The limit was increased nationally for married couples to two in 2016, and boosted further to three in 2021. But one province - Sichuan - has adopted even looser rules.
Mr Yang - who heads the country's Population Monitoring and Family Development department - said officials had to "firmly grasp the important window period of population development".
Speaking to a state-backed health magazine, Mr Yang said concerns about the cost of childcare were having a detrimental impact on population growth. He also identified challenges around money and career goals as causes for for the decline.
"Local governments should be encouraged to actively explore and make bold innovations in reducing the cost of childbirth, childcare and education" to promote the long-term balanced development of the population, Mr Yang said.
Mothers, your country needs you!
Some provinces have already begun implementing new measures to try to boost the birth rate, including giving money to sperm donors and giving unmarried couples who have children the same benefits as married couples.
In Sichuan, health authorities said they would allow unmarried couples to raise and family and enjoy benefits reserved for married couples. Previously there was a ban on single women registering a birth.
Authorities in the region also announced that couples would be allowed to have be allowed to have as many children as they want - a major reversal of the one -child poliy.
A shrinking population, falling birth rate and the prospect of a fast-aging population poses a long-term challenge to the world's second largest economy, which only recently dropped ultra-strict COVID-19 curbs.
A surging Indian economy also threatens to overtake China and push it down to third place.
In 2022, there was just 6.77 births per 1,000 people in China, the lowest birth rate on record and down from 7.52 births in the previous year.
The population on the other hand dropped by 850,000 people to 1.41175 billion, according to the National Bureau of Statistics. It was the first decline since 1961, the last year of China's Great Famine.
#nunyas news#see what happens if china bans abortion#wouldn't put it past them at all#be interesting to see the response in the western world too
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What are the challenges faced by Digital Agriculture in India?
The modernization of agriculture in India is essential because it will result in an increase in agricultural production and reshape agriculture as a sector of the Indian economy that enjoys significant financial success from a business perspective. The growing population in our country presents a challenge and an opportunity at the same time. On the one hand, more people means a greater demand for food and other resources, but on the other hand, more people means more opportunities for individuals to contribute their skills to the global labour force. Agriculture and the sectors that support it contribute around 18% of our gross domestic product, and they are responsible for the employment of a sizeable portion of our population.
Increasing production, irrigation problems, drought, fake crop protection, shrinking arable land, etc. are not new problems for agriculture as well as kisan mandi in India. Despite our independence lasting several decades, we continue to rely on the monsoon for irrigation. However, modern climate change has a significant impact on weather patterns, making rain-fed crops vulnerable to fluctuations in precipitation.
In spite of the extensive implementation of digital technologies in other sectors of the Indian economy, the objective of introducing them to India's agricultural sector has, for a significant amount of time, remained elusive. If we want to fix the problems plaguing our farms and assist farmers in doubling their income while simultaneously increasing the amount of food they produce, we need to make use of the most advanced technology available. The technical transformation of agriculture in a country as diverse as India is a massive effort that cannot be finished in about a year's time. There are too many variables to consider. Instead, it is necessary to have a long-term strategy that includes immediate priority regions and will be able to reach even the most remote portions of the country. Although increasing the agricultural output per hectare is a worthwhile objective, it cannot take precedence over the use of farming methods that are less harmful to the environment.
The protection of the country's water and soil resources ought to be the nation's top priority. To keep up with the tremendous growth of agriculture, efforts from all of the nation's farming regions are required; however, the exports that arise from these efforts will eventually help to reduce the nation's overall impact on the worldwide community. In addition, a number of agro-tech firms have begun making contributions to the creation of a sustainable ecosystem that will connect a large number of people involved in the agricultural industry. The digital revolution of agriculture in India would be a slow and difficult process despite the fact that drones are already being deployed in farmlands throughout the world to correctly detect pest locations and administer agrochemicals.
When it comes to transforming problems into workable solutions for agri store online in India, Book My Crop (BMC) is technologically advanced. This allows us to better assist farmers as they investigate and capitalise on emerging trends in the Indian agricultural market. BMC has faith in the extraordinary talents of our farmers to confront problems and find answers, as well as in the unrelenting active engagement of our farmers - our Annadatas in advancing the nation's economy. BMC has spent the better part of four decades working toward the goal of "Transforming India through Agriculture" through measures such as careful planning, efficient solutions for the protection of the crop, the introduction of novel molecules and cutting-edge technology to Indian farmlands, and the transfer of knowledge from the laboratory to the field.
BMC is one of the most advanced agriculture companies in India that works as a cutting-edge platform that brings Indian buyers and farmers together for the agro-trade. To prevent the agricultural sector from collapsing during the pandemic, BMC made it possible to engage with all of its stakeholders, including farmers, channel partners, distributors, and agri-input dealers, using digital means or social media channels. BMC used a variety of online tools, such as video conferences, social media campaigns, training programmes, live streaming messages, as well as online meetings, to educate and inform farmers and agri-input dealers on how to maximise crop yields through the responsible application of crop protection chemicals and cutting-edge farming practises.
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India's future in agriculture: using robotics and vertical farming
Being an agrarian economy, India needs to keep up with emerging global farming trends. Two of them are vertical farming and the application of robotics in agriculture. If you are an avid agriculture enthusiast, this can be a must-read for you. Let’s find out about the prospects of vertical farming and the use of robotics in agriculture.
Robotics in farming
The agriculture industry in India has witnessed many transformations and one of them is the use of robotics and automation. It is still an uncommon practice for small farmers but hopefully can be the ultimate reality soon. The application of robotics in agriculture aims at keeping a sustainable approach and helping farmers produce high-yield crops. The use of agricultural robots is not confined to a single agricultural step. Ag Robots can be used for harvesting, weed control, irrigation, seeding, spraying, and livestock monitoring.
Classification of agricultural robots
Agricultural robots can be mainly classified into three categories:
Crop-harvesting robots
Crop harvesting can be daunting and also demands the right skills. Eliminating these challenges, crop-harvesting robots come to the rescue. Designed to operate in a heated environment, these robots use algorithms to handle crops with care. They also remain cautious about fragile and diseased crops.
Welding robots
The next type of agribots on our list are wedding robots which function with AI and can differentiate between weeds and crops. These robots are listed among the highly demanded robots in the agro-industry.
Aerial imagery and seed-planting drones
Drones are widely used for seed planting and monitoring as they provide farmers with an enhanced view of crops. Additionally, they provide croprelated real-time data that can be used in agricultural research.
Way forward in India and challenges
The aim and usage of agricultural robots in India look clear in the long run, but manufacturing and costing emerge as current challenges. The average cost of these robots begins from 6000 INR. It is a considerable amount for smaller farmers who are already debt-ridden and have other constraints like power cuts, complex operations, and lack of technical expertise.
Vertical farming in India
Another prospect we are talking about is vertical farming. As the name suggests, vertical farming is practiced on vertical surfaces contrary to the conventional patterns. It can help in achieving the food supply demands of the planet where agricultural land is shrinking every passing day.
Vertical farming techniques
Vertical farming techniques can be broadly categorized into three types:
Hydroponics - It is the oldest technique used in vertical farming. Plants get suspended in a soilless bed and roots keep hanging to get oxygen aerated solution.
Aeroponics - Aeroponics is costlier than other methods and comes with free-floating roots. With the use of a pump, a tiny mist of nutritional solution is sprayed onto the dangling roots, where it is absorbed.
Aquaponics - Aquaponics systems involve soil-free plant beds suspended over nutrient-rich water, with fishes producing waste for plants, and plants purifying water for fishes, requiring greater attention than hydroponics and aeroponics.
Way forward in India
Vertical farming can get along with conventional farming methods because it has the capacity to multiply production by 240 times that too with 98% less water. The best part is that vertical farming is practiced in Indian states like Andhra Pradesh, Goa, Gujarat, Haryana, Karnataka, Meghalaya, and Mizoram.
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Rising Popularity In Modular Kitchen
Source of info: https://www.regalokitchens.com/rising-popularity-in-modular-kitchen.php
The growing popularity of modular kitchen originates from their ability to seamlessly integrate functionality, aesthetics, and practicality into modern living spaces. Kitchens, with their flexible modules and streamlined designs, provide homeowners with a dynamic alternative for meeting their culinary needs while increasing space economy. In the ever-changing environment of modern living, the heart of every home, the kitchen, has undergone tremendous modification. The modular kitchen has radically changed the way we perceive and use kitchen areas. Let's look at the growing popularity of kitchens and why Regalo Kitchens is the leading brand in India.
The Modular Kitchen Revolution
Modular kitchen have revolutionized the traditional kitchen setup, offering a blend of style, functionality, and convenience. Unlike traditional kitchens, which are frequently built on-site and lack flexibility, kitchens are prefabricated units composed of standardized components that can be swiftly erected and adjusted to fit any space. This shift has been driven by a growing desire for efficient and visually appealing kitchen solutions that fulfill the diverse needs of modern households.
Key Features of Modular Kitchens:
Versatility: Modular kitchens provide unprecedented versatility, enabling homeowners to select from a variety of designs, layouts, and setups based on their tastes and space constraints.
Space Optimization: Modular kitchens combine innovative storage solutions and ergonomic designs to use every square inch of available space, making them ideal for both small apartments and huge mansions.
Ease of Installation: Unlike traditional kitchens that require extensive on-site construction, kitchen can be quickly installed with minimal disruption, saving time and effort.
Customization Options: From sleek modern styles to classic layouts, kitchens provide limitless customization choices, allowing homeowners to personalize their cooking facilities to their interests and lifestyles.
The Growing Popularity of Modular Kitchens in India
In recent years, the demand for modular kitchens in India has increased tremendously, owing to changing lifestyles, urbanization, and rising disposable income. As more individuals seek convenience and practicality in their living spaces, modular kitchens have become a popular choice for modern Indian homes.
Factors Contributing to the Popularity of Modular Kitchens:
Urbanization and Space Constraints: With rising density and shrinking living spaces, kitchens offer a practical solution for increasing space usage while maintaining elegance and functionality.
Changing Lifestyles: In today's fast-paced world, convenience is essential. Kitchens are designed to speed up cooking processes, decrease clutter, and boost efficiency, making them perfect for the busy lives of city dwellers.
Emphasis on Aesthetics: Indian homeowners are increasingly placing importance on aesthetics and design aesthetics. Kitchens provide a seamless blend of beauty and functionality, allowing individuals to create visually appealing cooking spaces that reflect their personality and preferences.
Regalo Kitchens: Setting the Standard for Excellence
When it comes to modular kitchen, Regalo Kitchens stands at the forefront, setting the standard for excellence and innovation in India. Regalo Kitchens has established itself as the industry's leading brand by focusing on quality, craftsmanship, and client happiness.
Why Choose Regalo Kitchens:
Unparalleled Quality: Regalo Kitchens uses high-quality materials and advanced manufacturing techniques to ensure that each product is long-lasting, useful, and visually appealing.
Innovative Designs: From contemporary chic to timeless elegance, Regalo Kitchens offers a diverse range of innovative designs and styles to suit every taste and preference.
Customization Options: Regalo Kitchens enables customers to personalize every part of their kitchen, from layout and color scheme to storage solutions and accessories, resulting in a completely unique kitchen hideaway.
Exceptional Service: Regalo Kitchens is focused on offering great service at all stages of the process, from initial consultation to final installation, assuring a smooth and hassle-free experience for consumers.
The Future of Modular Kitchens in India
As the demand for kitchens grows, propelled by changing lifestyles and growing consumer tastes, the future seems promising for this unique kitchen solution. With technological breakthroughs and an emphasis on sustainability, modular kitchens are poised to transform the way we design, use, and experience kitchen spaces in the next years.
In short, the rising popularity of kitchens in India signifies a shift in how we see and interact with our living spaces. Regalo Kitchens, with its commitment to excellence, creativity, and customer satisfaction, remains the undisputed market leader in providing modern modular kitchen solutions that transform houses into homes. As the kitchen revolution gathers momentum, Regalo Kitchens stands ready to shape the future of kitchen design and functionality in India and beyond.
Frequently Asked Questions (FAQs)
Are modular kitchens suitable for all types of homes?
Yes, modular kitchens are highly adjustable and can be tailored to meet the layout and dimensions of any home, be it a little apartment or a large estate. Kitchen manufacturers offer a variety of combination and design options to accommodate individual space limits and aesthetic preferences.
Are modular kitchens durable and long-lasting?
Absolutely, kitchen is constructed using high-quality materials that are resistant to moisture, heat, and everyday wear and tear. Kitchens can last for many years if properly maintained and cared for, without sacrificing function or aesthetics.
Can existing kitchens be converted into modular kitchens?
Yes, existing kitchens can be easily transformed into kitchens with minimal renovation work. Modular kitchen components can be installed seamlessly, minimizing the need for extensive remodeling. However, it is necessary to consult with a qualified kitchen designer to determine the feasibility of the conversion and the best approach.
Are modular kitchens easy to maintain?
Yes, one of the primary benefits of kitchens is their low maintenance requirements. The smooth surfaces and sleek finishes make them simple to clean and maintain. Regular cleaning with a mild detergent solution is usually sufficient to keep a modular kitchen looking clean and fresh.
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Military Vetronics Market Size, Share
The global military vetronics market size is projected to reach USD 8.22 billion by 2027, exhibiting a CAGR of 3.68% during the forecast period. Development of autonomous combat systems for military vehicles will ensure multi-dimensional growth of this market, observes Fortune Business Insights™ in its report, titled “Military Vetronics Market Size, Share and Global Trend by Product Type (Communication & Navigation Systems, Power System, Display System, C4 Systems, and Others) By Platform (Unmanned Ground Vehicles, Armored Amphibious Vehicles, Light Protected Vehicles, Special Purpose Vehicles, and Others) By Application (OEM and Aftermarket), and Regional Forecast, 2023-2027”. Battlefield environments are rapidly changing and modern warfare strategies require a heavy infusion of smart technologies to enhance alertness and augment the capabilities of the armed forces. In view of these evolving dynamics, defense agencies are conducting intense research to develop new technologies and equip combat vehicles with smart tools. For example, the Army Research Laboratory Artificial Intelligence for Maneuver and Mobility (AIMM) program under the U.S. Army Combat Capabilities Development Command aims to create AI-enabled vehicles that can serve robotic partners to ground troops, boosting their strength and combat capacities. The incorporation of next-generation technologies such as AI in defense systems will open new doors of innovation in the military vetronics domain.
Information Source -
The report states that the market value stood at USD 6.48 billion in 2019 and offers the following:
Careful segmentation of the market and detailed analysis of each segment;
Unparalleled insights into the market drivers, trends, and challenges;
A comprehensive evaluation of the regional dynamics of the market; and
In-depth research into the key players’ profiles and their preferred strategies.
Restraining Factor
Economic Fallout of COVID-19 to Lead to Defense Cuts in Several Countries
The global economic crisis precipitated by the COVID-19 pandemic has forced countries to reprioritize their spending. According to the World Bank, the world economy could shrink by 8% in 2020, if financial crises in major economies continue to intensify. The International Monetary Fund (IMF) projects that output from the Eurozone could decline by 10.2% in 2020, with recovery expected to begin towards the end of 2022. These projections have spelled serious for defense sectors in most of the major economies. In India, for example, the Indian Finance Ministry instructed ministries to cut their expenditures and experts believe that defense cuts could go as low as 40% in 2020. Moreover, the nationwide lockdown between March and May 2020 led to an estimated loss of USD 3 billion for Indian defense companies. In the UK, the government has suspended budget announcement for 2021 and has undertaken an Integrated Security and Defense Review to rethink spending priorities, which are likely to lead to defense budget cuts. The military vetronics market growth is likely to suffer in this scenario.
Regional Insights
North America Market to Gain Momentum Powered by High Defense Spending by the US
In 2019, North America led the military vetronics market share with a market size of USD 2.22 billion and is expected to continue its impressive performance during the forecast period. This is primarily attributable to the massive military expenditure of the US. The country is also making heavy investments in developing and procuring advanced military technologies, which will further drive the regional market.
In Asia Pacific, China and India are shaping the market dynamics as both countries have steadily expanded their military budgets over the past few decades. Furthermore, the constant threat of terrorist activities and increasing cross-border animosity among countries is also supporting the adoption of advanced defense technologies in the region.
Competitive Landscape
Key Players to Focus on Engaging with Government Defense Agencies
Competition in this market is characterized by the deepening engagement between government defense agencies and private defense companies. The main reason behind these public-private collaborations is that private companies provide the necessary technologies, while government agencies provide the required financial support, creating an exciting dynamic in the defense sector.
Industry Developments:
August 2020: Melbourne-based defense integrator, Tectonica, bagged a USD 25 million contract from the Australian Defense Ministry to build situational awareness systems for the country’s new fleet of Boxer Combat Reconnaissance Vehicles. The vehicles are being built by Rheinmetall Defence in Queensland.
June 2020: India’s Ministry of Defence cleared the procurement of 156 BMP 2 Infantry Vehicles for the Indian Army to modernize the existing infantry combat vehicle fleet of the Army. The total cost of the project is estimated to be INR 1,100crore.
List of Key Companies Profiled in the Military Vetronics Market Report:
Curtis Wright Corporation (The U.S.)
Thales Group (France)
Rheinmetall AG (Germany)
Lockheed Martin Corporation (The U.S.)
L3Harris Technologies, Inc. (The U.S.)
BAE Systems (The U.K)
Oshkosh Corporation (The U.S.)
Saab AB (Sweden)
Raytheon Technologies Corporation (The U.S.)
Leonardo S.p.A (Italy)
General Dynamics Corporation (The U.S.)
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Reversal of interest rate cycle key to global economic recovery
Since 2022 the global economy is witnessing a brisk paced interest rate hike across the board. It all started in an effort to contain spiraling inflation contributed by a variety of factors, mainly due to the escalation of the Russian - Ukraine war crisis. Global commodity prices scaled up quickly on back of the sustained war in Ukraine leading to a surge in inflation across the World. Global Central Banks including India's RBI have been hiking interest rates consistently to contain the ill effects of inflation spilling into the economy.
Since last one year, the effects of interest rate hikes to curb inflation have been paying off with the visible signs of inflation easing. In India too, the headline inflation has been cooling off since the last few months owing to relentless rate hikes by the RBI. Inflation and interest rate factors are pretty dynamic in the global economy with surge of inflation is always followed by rise in interest rates and vice versa.
Inflation, interest rates and global economic growth -
Inflation control's major side effect is the toll it takes on the economic growth. Relentless rate hike negatively impacts credit cycle leading to substantial curbing of economic activities as the economic participants wait for the interest rates to cool down. Private sector investments and consumption by people come down substantially during any interest rate hike cycle. Over the last year or so, the upward interest rate cycle has had a major impact on the economic growth across the global economy. Needless to say, many economies have seen their GDP growth rates getting slashed owing to a significant slowdown in their economic activities. In fact some of the economies in Europe and other parts of the World are headed to recession owing to the current macro economic challenges.
That said, the Indian economy has its head high despite being faced with tremendous amounts of inflation over the last several quarters. RBI has done a fantastic job of containing inflation and the resilience of the Indian economy has minimized the ill effects of interest rate hikes during the period. Indian economy remains a lone star in the otherwise shrinking global economic space.
For the global economy to limp back to normalcy, the inflation has to substantially cool from the current levels so as the surging interest rates. Only then the global economy can aim for some meaningful progress in the economic growth in the coming quarters.
V Gopalakrishnan
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Thanks to COVID-19 and a host of geopolitical factors, the 2020s are setting out to be a turbulent decade. The pandemic left a trail of economic and social crises in its wake: An increase in health, stimulus, and social expenditures over the past three years added to the fiscal burden of several countries, and the aftershocks of tightening monetary policies in advanced economies tipped countries such as Sri Lanka, Zambia, and Ghana to default on their debt. Russia’s war in Ukraine, meanwhile, has raised global food and fuel prices, harming the world’s most vulnerable. And the threat of global warming is only growing.
Amid this polycrisis—a term popularized by this magazine’s columnist, Adam Tooze—the World Bank is more important than ever. Founded in 1944, the organization is the oldest and largest multilateral development bank on the planet, with 189 member states. It provides low- and middle-income countries with a variety of long-term policy-based loans for social, governance, and infrastructure projects. In this way, the bank is distinct from the International Monetary Fund, whose mission is to promote fiscal stability through the provision of emergency loans to countries experiencing debt crises.
The World Bank is now undergoing a leadership transition. The bank’s president is traditionally an American nominated by the United States. Departing President David Malpass led the organization through a tepid COVID-19 response and was criticized for his ambiguous stance on climate change. Now, U.S. President Joe Biden has nominated Ajay Banga, an Indian-born American who ran the payments company Mastercard for a decade, for the role. If confirmed by the World Bank’s board of directors, Banda’s success will hinge on being able to do more with less.
Well-meaning advocates such as Barbadian Prime Minister Mia Mottley want the World Bank to pursue an expansionist reform agenda. This means the bank would increase its existing lending to countries and widen the scope of its engagement to new areas, especially by investing in so-called “global public goods,” such as fighting climate change and proactively preventing pandemics. Mottley has proposed a large-scale reform of the global financial architecture known as the Bridgetown Initiative. Among other measures, the initiative seeks to increase multilateral development banks’ concessional lending—loans with favorable terms—to $1 trillion. The World Bank’s own evolution roadmap for reform also plans to increase lending in middle-income regions where other financiers are very active, such as Southeast Asia. Yet these sorts of expansionist reform proposals overestimate the bank’s capacity to take on new responsibilities on its own and using public finance. Banga himself acknowledges that “working alone, [the World Bank] will fall short of what is required.”
Expanding the World Bank’s lending and scope will not make it more effective; in fact, doing so would overload an organization already stretched thin. In today’s polycrisis, the World Bank cannot go it alone. The global infrastructure investment gap is already $15 trillion, and at least $150 billion is needed annually in Africa alone to build hospitals, power plants, and electric grids. But without cutting-edge financial innovations, the bank’s capital base is unlikely to expand. In theory, the World Bank’s total capital base is $298 billion, but in practice only $19.2 billion has actually been paid by donor countries and thus is available for lending. The remaining $270 billion is callable capital comprising guarantees from donor countries and has never been drawn upon.
Take the bank’s concessional arm, the International Development Association (IDA), into which rich countries pool resources to be packaged as loans to the poor countries. It is unlikely that wealthy donor countries will significantly increase their IDA contributions this year due to projections of slow economic growth and the war in Ukraine, among other geostrategic considerations.
The United Kingdom is an important bellwether for these funding trends. Historically the third-largest IDA donor after the United States and Japan, the U.K. in 2020 cut its total aid budget from 0.7 percent of gross national income to 0.5 percent “until after 2027/28 at least.” These cuts affect the U.K.’s contributions to multilateral organizations, especially the World Bank, which the British government confirmed would receive more than 50 percent less from 2022 to 2025 (about $1.7 billion) than from to 2020 to 2023 (about $3.7 billion).
The U.K.’s 2022 aid strategy also explicitly states that London “intends to deliver more aid directly to countries, rather than via multilateral institutions such as the World Bank.” This may be at least in part because the U.K.—like the United States—is gearing up for competition with China, which is seeking leverage commensurate with its economic weight at the bank. China wants to expand the bank’s shareholder voting power to have more of a say in how the organization is run. This would also increase Beijing’s own contributions to the IDA. But it is difficult to see the United States, U.K., and European Union—which has explicitly identified China as a “systemic rival” and “economic competitor”—giving the country more power at the bank, even if doing so could ease the IDA’s operations.
On the whole, IDA contributions will not increase materially without new donors—and as long as traditional contributors such as the U.K. prefer to channel their foreign aid bilaterally or for domestic purposes. This trend is likely to accelerate: A growing share of the U.K.’s bilateral aid is currently being redirected domestically to Ukrainian refugees and could increase multifold if extended to Ukraine’s reconstruction efforts in the coming years. Meanwhile, U.S. contributions to IDA replenishment cycles have declined since 2010, and the EU is grappling with an economic slump.
With these limited resources, the World Bank must respond to the polycrisis by refocusing on its core strengths. Then, it must use the right blend of instruments to advance these redefined priorities, coordinating better with other development actors and strengthening its own staff morale.
First, the World Bank must go back to the basics. At its core, it is a policy bank that finances the development needs of client countries. But in a world where development needs intersect with the imperative of drastically reducing carbon emissions, the bank should help low- and middle-income countries figure out how to integrate climate action into their industrialization. The World Bank should make sure any climate financing it provides is not a replacement for these countries’ productivity and growth priorities, but instead an enhancement.
For instance, in West, Central, and East Africa—where eight out of 10 people lack access to clean cooking fuels and instead use charcoal derived from cutting down and burning trees—the World Bank should help finance pipeline infrastructure to expand access to liquified petroleum gas from gas-rich countries such as Nigeria, Senegal, and Tanzania. While natural gas is a fossil fuel that the world should eventually transition away from, it is a much cleaner option than cutting down trees for biomass, a strategy widely used by rural populations in Africa.
In other words: Rather than pushing climate solutions that are conceived in and respond to historically high-emitting rich countries’ green priorities—such as replacing gas stoves with electric ones—the World Bank’s climate finance should reflect borrower countries’ growth, poverty reduction, and industrialization priorities. After all, for the nearly 600 million Africans who lack access to a steady source of electricity, the immediate adoption of electric stoves is wildly unrealistic.
Second, the World Bank must harness its lending, advisory, and analytical instruments to close productivity gaps in low- and middle-income countries. A crucial driver of productivity growth is infrastructure, from roads and bridges to electricity and digital connectivity. In fiscal year 2022, the World Bank’s infrastructure lending was only $10 billion—one-third of the $30 billion borrowed by African countries that year. One way for the World Bank to increase this infrastructure lending would be to up its direct financing of projects in low-income countries. But more fundamentally, the bank could encourage the private sector to invest in low- and middle-income countries. It is impossible for the organization to be the only authority responsible for closing infrastructure financing gaps around the world.
The World Bank can attract private capital by lowering the investment climate risk in low- and middle-income countries’ markets. The private sector is often reluctant to invest in these countries due to monetary and fiscal instability, as well as the unpredictability of procurement, licensing, and contracting processes. But the bank can deploy its analytical expertise to identify investment-ready projects and conduct feasibility studies on them; provide technical assistance around environmental, social, and fiduciary responsibility standards as well as policy and regulatory reforms; and provide guarantees and insurance mechanisms to the private sector through the Multilateral Investment Guarantee Agency.
The World Bank’s technical assistance was instrumental to China’s economic transformation from a poor country in the 1970s to the world’s second largest economy today. The bank promoted better project management, competitive bidding, and technical improvements in the country’s numerous infrastructure projects of the 1990s. This means the new World Bank president has a template to get private capital into low- and middle-income countries and does not need to reinvent the wheel. Rather, the bank’s next leader should build on the elaborate groundwork already laid by the organization’s 2017 Maximizing Finance for Development initiative, which sought to achieve these exact same objectives but was largely derailed by bureaucratic politicking.
Third, the World Bank must ensure its data remains credible. The bank’s impartial and rigorous analytics—from flagship global reports to regional- and country-specific analyses—are essential in a world that is increasingly polarized. Researchers, policy advocates, and decision-makers rely on the thousands of economic and social indicators curated in the bank’s public data bank to do their jobs. It is a true global public good. The World Bank must continue setting the global development debate by ensuring its analytical work is grounded in data, draws from its deep institutional memory, and stays free of political bias. This will strengthen the bank’s credibility—on everything from public debt to infrastructure finance and climate change—and thus enhance its convening power among the world’s major and middle powers.
Finally, the World Bank’s new president must be strategic in working with important stakeholders inside and outside of the institution. For one, the bank must work to retain top talent. Some of its brightest minds have left due to frustrations with the organization’s bureaucratic structure and political stances. Fixing the bank’s retention problem will require reducing the uncertainties associated with its frequent and haphazard organizational restructurings. Within the past six years alone, the bank’s macroeconomic, trade, fiscal, finance, and private sector divisions have been merged, separated, collapsed, and restructured more than four times in ways that have seriously dampened staff morale.
Furthermore, a stronger commitment to increasing the pipeline of staff from low- and middle-income countries who rise to middle and upper management—particularly those of African descent—will be crucial to retaining top talent from diverse backgrounds, who often experience higher attrition rates. Staff of African descent are poorly represented in the World Bank’s middle management even though the Africa region accounts for 83 percent of total IDA commitments in fiscal year 2022. This lack of representation in the bank’s infrastructure sectors is one important reason the organization has a small footprint in these critical sectors in Africa.
Outside the organization, the new World Bank president should proactively seek ways to work with other major development actors, from regional development banks and international financial institutions to corporate philanthropies and institutional investors such as sovereign wealth funds and pension funds. There are regions where the World Bank’s role as development lender is eclipsed by regional development banks, such as the Asian Development Bank and the Asian Infrastructure Investment Bank in Central and Southeast Asia or Chinese policy banks in Africa. While the World Bank still has an important role to play in these regions, a better appraisal of its value-addition will be essential to clarifying its role.
The World Bank’s leadership transition offers an opportunity for the institution to retool its mandate to effectively address the polycrisis. Although the bank is no longer the top development financier in most parts of the world, it remains critical to global development. It will be incumbent on the World Bank’s new president to redefine the bank’s purpose in a crowded development finance landscape where the needs are high but geopolitics—especially intensifying U.S.-China competition—can be debilitating. So much will depend on being able to do more with less.
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Is the IGCSE board good for Indian students | Pre nursery schools in gurgaon
Education is a very important aspect for parents because they want to give the best to their children. A good education builds a solid foundation as the kids head into the final years of schooling. There are several types of educational boards in the country, e.g., State Board, CBSE board, and IGCSE board. Many IGCSE schools in Gurgaon are offering it to students.
What is IGCSE? It is the International General Certificate of Secondary Education, a content-rich program to prepare students for further studies in any country worldwide.
The IGCSE is based on the British curriculum (GCSE) but it has adapted for a more internationally-focused student body. In this pattern, assessments are done mainly by examination through the exam board of the choice of the school.
The most well-known are Edexcel and Cambridge Assessment International Education. The Cambridge exam board offers more than 70 subjects. They include 30 languages. The objective of IGCSE is to offer an inclusive curriculum to students coming from diverse linguistic backgrounds. It allows students to continue studying in their preferred language. There are Core and Extended curriculum papers in the same subject offering different levels of ability.
But, many parents get confused when they have to decide between CBSE, the more popular and older course pattern, and IGCSE. Many times, they do not understand the relevance and importance of the course. Though the best schools in Gurgaon offer this board, they feel that it is not relevant for Indian students.
It is relevant and useful for Indian students
Today, the whole world is a Global Village. The boundaries and cultural differences among countries are shrinking and sending kids to international colleges and universities is no longer an impossible thing. Looking at this, it is a wise thing to enroll the student into a syllabus that is internationally recognized and administered by a well-known institute.
IGCSE is the most appropriate and ideal syllabus to build creative, analytical, and critical thinking skills among students. This internationally recognized pattern prepares students for higher education programs like A levels and AS, the IB Diploma, and the North American APT.
However, despite being a course designed as per international standards, this curriculum blends local cultures and economies also. It is because the course structure is intended to give students not just a worldwide perspective, but also an awareness of local culture. Therefore, when you send the kid to any of the famous IGCSE schools in Gurgaon, you can be assured that the kid will have both global and local perspectives. He has to choose between various core and optional subjects.
The course pattern is demanding and the assessment is comprehensive. It aims to examine the total knowledge and application skills of a student. Since the board is internationally recognized, it is ideal for students who want to go abroad for higher education.
Some unique features that make IGCSE relevant for Indian students.
1. This course brings a novel approach to learning and education.
2. The course structure is among the most child-centered programs in the world.
3. There are no conventional concepts of compulsory subjects. The school gets a list of elements to be taught in every topic.
4. IGCSE is a project-based education pattern, and it emphasizes more on hands-on experience. There is minimum instructional learning.
Therefore, when you send the child to one of the best schools in Gurgaon that offer IGCSE, you need not worry about their overall development. The education system and assessment patterns are very different from the traditional teaching patterns.
Due to its innovative pattern and focus on the overall development of students, this course is very much appropriate for Indian students. They can get very much benefit from that.
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India Crop Protection Chemicals Market Demand, Report 2023-2029
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, expects India crop protection chemicals market size to grow at a CAGR of 4.8% during the forecast period between 2023 and 2029. Major factors for the expansion of India crop protection chemicals market include an increasing focus on high agricultural yield to combat food insecurity, high adoption of bio pesticides and rising usage of crop protection chemicals to stop the spread of exotic pests. Crop protection chemical demand will continue to rise at a rapid pace, owing to rapid population, shrinking arable land and the pressing need to address food security. In terms of regulatory interventions for safe farming and general farming culture and practices, the agricultural sector has made significant progress around the world. Growing food demand has prompted agrochemical-based institutions to improve their products and transition to greener alternatives through research investments. Companies in the business have been commercializing bio-based chemicals derived from plants, minerals, microorganisms, and animals. Bio pesticides are one such domain where the market has progressed significantly. However, pesticides residue concerns and lack of awareness about crop protection chemicals among farmers are anticipated to restrain the growth of India crop protection chemicals market during the period in analysis.
India Crop Protection Chemicals Market– Overview
Crop protection chemicals are a type of agrochemical that is used to protect crops from deteriorating due to insect and pest infestation. The market is divided into three sections: mode of action (herbicides, insecticides, fungicides, nematicides, molluscicides, and others), origin (synthetic and bio-based), and application (grains and cereals, oilseeds, fruits and vegetables, commercial crops, and other applications). The study provides market estimates and projections in value (USD million) for the Indian crop protection chemicals market for all the key segments. Agriculture is the backbone of the Indian economy, employing almost half of the workforce and accounting for nearly 18.3% of India's GDP in 2020. Farmers lose a big portion of their income when pests and weeds destroy their crops. Crop protection chemicals, when used wisely, can protect crops and food from pests while also enhancing farm productivity.
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India Crop Protection Chemicals Market – By Mode of Application
Based on mode of application, India crop protection chemicals market is divided into Foliar Spray, Seed Treatment, and Soil Treatment. The foliar spray segment dominates the market. This is mostly due to a rise in demand for foliar crop protection agents in a variety of end-use applications such as open field and protected cultivation, horticulture, and floriculture. Foliar fertilizer is a type of fertilizer that is administered directly to the leaves of a plant. Several companies produce foliar fertilizers ranging from organic products appropriate for use on food crops to more aggressive chemical fertilizers for ornamentals. There are several advantages of utilizing foliar fertilizer. As a result, such fertilizers are popular in various gardening applications. Crop protection chemicals are also dosed into the soil in a few end-use industries. Therefore, the soil treatment segment is projected to expand at a steady pace during the forecast period.
Impact of COVID-19 on India Crop Protection Chemicals Market
The COVID-19 had a detrimental impact on crop protection chemicals sector. The pandemic disrupted supply chain networks, causing companies and farmers to lose money. In terms of supply, a short-term shortage of migrant laborers combined with distribution constraints resulted in a large disparity between the numbers of workers required for pesticide production. However, COVID-19 pandemic had a short-term impact on market growth, and it has enhanced investment, particularly in biological, as part of a broader shift toward food security and sustainable crop production, as well as assuring more strong supply chains. With rapid expansion, shifting crop mix patterns, and environmental laws, the crop protection chemical sector has been transforming throughout the years.
Competitive Landscape
Major players operating in India crop protection chemicals market include BASF SE, Bayer AG, FMC Corporation, UPL Ltd, Rallies India Limited, Nagarjuna Agrichem Ltd, Crystal Crop Protection Ltd, and Excel Crop Care Ltd. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.
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How Mutual Fund Software Solves Major Challenges to MFDs in their Business?
The Rising of Indian Mutual Fund Industry
India has witnessed exponential growth in the mutual fund industry during the last decade, primarily due to the large size of the population of the country, with rising wealth. People now are more educated and aware of investing and they have started considering mutual funds as a second source of income. Not for individual investors only, mutual funds have become an important investment vehicle for institutional investors like EPFO as well. Therefore, Mutual Fund Distributors also need to upgrade with advanced Mutual Fund Software.
The growth in the mutual fund industry is one of the major developments in the financial markets of India. As of November 2022, the assets under management (AUM) of mutual funds stood at ₹ 40,49,440 crore. The size was ₹ 7.93 trillion as on November 30, 2012, which means a rise of more than 5 fold in a period of 10 years. And as per AMFI estimations, the Indian Mutual Fund Industry has the potential to cross Rs 100 trillion in AUM size much before 2030.
Lack of Mutual Fund Distributors
The segment of Mutual Funds Distribution is under-penetrated, despite such tremendous growth in the mutual fund industry. There is just one mutual fund distributor for every 11400 people in India. That means a void exists in the mutual fund distribution market, and MFDs need to fill it timely. The void exists due to a lack of awareness; as a result, lesser Indians apply for their Application reference number (ARN). However, AMFI has launched a program called “Karein Shuru” to recruit more mutual fund distributors.
Another major concern is related to the income of Mutual fund (MF) distributors, which has grown at a tepid pace. The reason is that the growth of Indian Mutual Fund is shrinking amongst a few big players only. The big players with AUM size larger than ₹1000 crore have grown at a tremendous rate of ~97% in the previous financial year. However, every other MFD in India grew at an average rate of just 40%. Moreover, MFDs with less than 10 Cr AUM size grew by just 12%.
Importance of Technology and Automation in MF Distribution Business
Mutual Fund Distributors are lacking behind
It is a clear indication that individual MF distributors are lacking behind somewhere. For individuals, it is very complex to run a successful MF distribution business. It requires heavy knowledge, large experience, passion for the market, empathy towards clients, and ethics in operations. Along with that, individual MFDs have to face various challenges in its day to day business including. They get entangled in daily firefighting exercises, due to which they lack time for business development. Therefore, Mutual Fund Software for IFA is the need of the time
There are so many MFDs who are working really hard but are not able to grow their AUM. They are stuck at a saturation point and don’t know how to scale the business. They feel like victims and start blaming the market, the economy, and the competitors, for their failure.
Remember, when you are busy blaming others, you are not able to take responsibility and only you will be responsible for the eventual death of your business.
Time for MFDs to Digitally Transform their Business
As per John Chambers of CISCO, At least 40% of all businesses are going to die in the next 10 years because they will not be able to figure out how to change their entire company to accommodate new technologies.
Therefore, it is the need of the time for MFDs to digitally transform their business, accommodate new technologies, and tech-upgrade their business. MFDs are required to automate their businesses. And for automation, they need to develop a system and implement potential technology that can drive that system.
For example, the very first step in the business journey of an MFD is to onboard their clients, and they need to process their KYC.
Firstly MFDs need to complete the KYC process for clients
Then separately onboard their clients on NSE– BSE–MFU
They also need to separately register their clients for the SIP mandate
MFDs are forcefully doing all this firefighting on a daily basis. Just this single onboarding process requires additional man-force, which wastes time, money, and energy. Therefore, it is important to identify the major challenges In order to create an efficient system.
The Challenges to an MFD
An MFD is nothing else but an entrepreneur and it is crucial to understand that entrepreneurship is not a fashion show where you come and showcase some extravagant clothing that you will never wear outside in normal life. When you embark on the journey of building a business, especially in the finance and investment sector, you must evaluate your business and be able to identify the critical challenges that arrive on your path to building a sensible business. So here are the major challenges that an MFD is facing in its day-to-day business
1. Onboarding Clients
The initial challenge for an individual MFD is to automate the onboarding process. It becomes lengthy to onboard clients separately, conducts their KYC process, and registers them for the SIP mandate.
2. Scalability
After making 2000 or 3000 clients in their locality, MFDs reach a point of saturation. Now they don’t know the road ahead, or the appropriate way to scale or expand their businesses.
3. Improve business transactions
MFDs lack the proper tools to persuade their investors to enter into mutual fund investing. For example, a young guy has recently started earning and has zero investing exposure. No one can persuade him to lock his money for a long 30 years period. Instead, he should be motivated to invest first. He should know the benefits of mutual funds by initially parking their savings in the most liquid funds.
4. Slow Down Redemptions
To improve AUM growth, it is essential to slow down redemptions, while increasing the business transactions. Indian Investors are not disciplined investors. They may redeem their investments for even immaterial reasons. To slow down investment redemptions from existing customers, MFDs should give their investors a vision, a goal, or an objective about their future.
5. Multiple Assets
MFDs are themselves not able to diversify their own portfolio of services when they very well know the power of diversification. As per a survey conducted by the Association of Mutual Funds in India, the Indian Population prefers to allocate only 31% of their money to Mutual Funds. The rest wants to invest in FDs, gold, equity, bonds, etc. Apart from investing, they also want to insure themselves through General insurance, health insurance, etc. That means MFDs must-have technology to offer multiple assets to their clients.
6. Competition
There is Heavy market competition from online platforms, peer MFDs, and also from direct methods of investing. To remain one step ahead of the ongoing market competition and visible and separate from the crowd, MFDs need to implement product engineering solutions in their business.
7. White-labeling
Branding is very essential in the business journey of an MFD because branding brings trust. Investors need to generate trust in an MFD before they finally decide to invest their hard-earned money. To create brand equity digitally, MFDs have to create a completely white-labeled website and Mutual Fund Software for Distributors with a single URL.
8. Security
MFDs collect very sensitive information from various sources especially the personal and financial information of clients. Data security is a very big concern, especially in India. Fraudsters use internet anonymity to commit scams like KYC fraud, identity fraud, etc. And these scams are not in any way inferior to scams done by Vijay Mallya, Nirav Modi, or Harshad Mehta. As per reports, various Indian firms lost an enormous amount to data breaches during the previous financial year, which can be approx. ₹ 17.6 crores. Therefore, data security and privacy measures become very important for MFDs as well because they also collect very sensitive information from various sources especially personal and financial information of clients. Generally, MFDs handle all these data collection processes digitally, which makes them vulnerable to data theft.
Conclusion
MFDs are a wise and educated fraternity; they just need to keep their perspective, and their vision larger. Overall, all the above-discussed challenges are hurdles in the AUM growth of MFDs and make them stuck at the same level. It makes MFDs work hard at the same level and makes it difficult for them to change their orbit. The biggest reason they face such challenges is that they don’t know the modern techniques to run and scale their business. They rely on old and traditional ways to manage their businesses, which are outdated and insufficient to create a sustainable business. The fastest way in which any business owner can achieve exponential growth and create a sustainable business is through automation. It will first reduce daily fire fighting exercises in the business and also give quality time in developing your business.
Wealth Elite has been continuously working to provide a single window of mutual fund software in India and related tools that an MFD requires to manage its business.
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10 Big Ideas that will shape 2023
December is a time for reflection.
As 2022 draws to a close, India can say that it stayed afloat during the pandemic as restrictions eased and more employees returned to offices.
India’s economy stood out for its resilience with sectors like manufacturing and services contributing to a robust workforce. The emergence of moonlighting — when workers pick up a side gig — kept people talking across India Inc this year while India’s first private rocket launch welcomed new players to the space race.
As Indian athletes shone on the world stage at the Commonwealth Games, the country also took over the global leadership reins of the G20.
However, there were several roadblocks in the path. The rupee’s depreciation, threats of a global recession, and geopolitical tensions were significant challenges during 2022.
That said, what can we expect for the coming year?
Every December, LinkedIn editors ask our community of Top Voices and creators to share the Big Ideas they believe will define the year ahead. This year, as we face challenges along several fronts, we offer a selection of thoughts on where professionals go from here — at work, at home, and everywhere in between.
This is by no means a complete list, and we invite you to join us! What Big Ideas do you think will emerge in 2023?
1. A global recession is likely – and India may be dented, not downed
“Long and ugly” — that’s what the impending global recession will look and feel like, according to noted economist ‘Dr. Doom’ Nouriel Roubini. Institutions like the World Bank and the World Trade Organisation have sounded the alarm bells too. “The worst is yet to come,” the International Monetary Fund (IMF) recently declared.
In a highly globalized world, India cannot escape unscathed as countries around it witness a slowdown. But economists here are not painting a doomsday picture yet.
While India will feel the ripples of a global slowdown, there are several factors that will help lessen the blow, they say. The IMF too has predicted a 6% growth for India, higher than the U.S., China, and Europe combined.
“Healthy corporate balance sheets thanks to deleveraging and healthy bank balance sheets due to low non-performing assets — these will drive India’s growth over its peers,” says Dipti Salétore - Deshpande, Principal Economist at CRISIL Ratings. India’s forex reserves, albeit rapidly shrinking, have helped as well. “The forex reserves that India has accumulated in the last few months has helped cushion our economy against adverse effects,” says Rajani Sinha, Chief Economist at CareEdge.
So, what must be done to further insulate the country?
2. Technology will make (and break) job opportunities
Single-page resume or make it two? Are cover letters important? How to craft an ATS-friendly resume? Resume objective summary, a passé? As job seekers ponder how to stand out, the job application process is changing, and technology has a big part to play.
Picture this: you are chosen for a job interview and told it will be virtual. You pick the right outfit, check your internet connection and lighting, and your work setup also seems alright. But there’s a glitch. Expecting an interviewer to make an appearance, you find out that you are being interviewed by a computer. This is already a reality in another part of the world: The students at Sandwell College in England were asked to do mock interviews using VR headsets.
Another technology in the works is a blockchain network that will be able to validate resumes and enable job seekers, as well as employers, to manage and access accurate career credentials. Forged documents, including fake resumes and experience letters, have been doing quite the rounds as Accenture and Cognizant recently fired employees involved in the said practices.
Combatting time-consuming processes and high costs associated with background checks, the Velocity Network “...will offer a safe and secure way to credential our talents, store them in a career wallet, and share them with (future) employers with a single push,” shares Ishita Bandyopadhyay, Managing Director - Assessment Solutions, Aon.
Chatbot screening is another practice that streamlines the process by interviewing candidates based on their competencies and skills, shares Parag Ghatpande, Aon’s Assessment Solutions Director. — Dipal Desai
3. Metaverse, artificial intelligence and virtual reality will reshape education
Imagine visiting a historical monument, an ancient civilisation or learning about the earth’s topography in the metaverse. India's education sector is riding on the wave of digital transformation the pandemic propelled it into, and it will transform learning and teaching as we know it.
He adds that AI and immersive experiences in VR will help introduce and explain concepts to learners in a more seamless and experiential manner, and the metaverse will bring educators and learners from across the world onto a platform where one could learn whatever they desire.
To make content immersive and interactive, edtech companies are introducing learning modules that use 3D assets and virtual and augmented reality. Educational institutes are jumping on board, too, and India's Central Board of Secondary Education late last year collaborated with Meta to explore applications of metaverse in education and training.
While this new virtual landscape will reshape education, overcoming challenges related to digital divides, biases, privacy, and cyber safety will become paramount. Other obstacles include access to economical wearables devices so people can experience concepts in a truly immersive manner and not just a browser-led experience, along with our own promptness in adapting to this new wave, adds Sharma. — Isha Chitnis
4. Shift in cultural mindset will propel a change in workplace practices
It could’ve started with getting high ranks in schools and colleges, only to continue running on the treadmill to beat peers to get a job, secure a highly sought after promotion, and make it to the manager’s good books. How often have you faced or witnessed competition, particularly in the workplace? This cultural mindset is set to go through a complete shift, urging corporations to establish healthy workplace practices.
A McKinsey study reported that every four in 10 working professionals in India faced burnout, and the worst hit were Gen Z, cited a Slack survey. And the prime reason for this condition? A toxic workplace, McKinsey found. But contrary to the traditional approaches of suffering in silence, social media remains abuzz with professionals speaking out, challenging the accepted norms of work culture.
To battle burnout, Shivakumar believes measuring output over input is crucial. He adds that identifying a team talent as a whole will be more important than an individual’s talent. Healthier workplaces will exist when every employee’s purpose is aligned with that of the company’s, shares Games2win CEO Alok Kejriwal. — Dipal Desai
5. Money will rush into women’s sports
The Board of Control for Cricket in India (BCCI)’s decision to pay the same match fees to both men and women cricketers, and the Women’s Indian Premier League (WIPL) in 2023 marks a significant chapter in Indian sports.
Mithali R., former captain of the Indian women’s cricket team, says, “The BCCI’s moves will inspire many more youngsters to take up the game without them worrying about its financial viability. The opportunities for making a career in women’s cricket as a player, as a part of the administration, or in a broadcasting team shall increase multifold.”
But not only cricket, brands and sponsors are putting their financial heft behind outstanding women athletes across disciplines. This shift has been in the works for a few years, but the exceptional performance of Indian women athletes at the Commonwealth Games this year put it in overdrive. PV Sindhu, Mirabai Chanu, Nikhat Zareen, and Sakshi Malik are now household names in India.
Paul R., in charge of partnerships and business development at Nimida Sports, says, “Brands are always keen on showcasing real athletes rather than models as their ambassadors.”
6. We’ll witness the first ransomware war
In the last three years, seven in 10 businesses in India have been victims of ransomware attacks, with the first half of 2022 seeing a 51% year-on-year increase. But these sporadic and isolated bursts will transform into a barrage in 2023 with cyber terrorists declaring an all-out war.
How will this war affect India’s companies? “There will be a huge compromise of personally identifiable information and protected health information data, leading to reputational, financial, and legal losses,” says Sanket Sarkar, co-founder of ZERON, a cyber security posture management platform.
And the number of people affected would be huge as India has around 692 million active internet users, according to a report by IAMAI-Kantar. Sensitive data across sectors like IT, healthcare, BFSI, and even the government would threaten individual privacy and pose a significant risk to national security.
“A data breach will make it difficult to not just retain existing clients and customers but will also discourage others from doing business or partnering with your organisation in future,” says tech content creator Shivam Patle.
As in any invasion, drawing up the right defence will be key here as well. It will comprise tougher legislation, greater awareness, and ethical hackers. “Ethical hackers can be used to simulate ransomware attacks in the organisation to better understand the cybersecurity posture and identify gaps”, says Sarkar. Patle adds that a policy of zero trust and multifactor authentication will prove to be reliable cyber shields.
Expect the central government to provide more teeth to the fight against a ransomware war — the draft framework of a new Digital India Act is slated to be made public in early 2023. — Abhiraj Ganguli
7. Blockchain will make citizen services more efficient and transparent
India’s digital rupee is backed by this technology. The education sector is issuing tamper-evident digital diplomas anchored on it. Law enforcement is realising its potential for crime reporting that cannot be manipulated. Blockchain is everywhere, and its role in our everyday lives is only getting bigger.
“In financial services, remittances could be powered by blockchains, so would invoices and invoice discounting. Our health records could also go on blockchains, making our healthcare more efficient. Blockchain-based do-not-disturb registries could help us cut spam calls. All this would help in efficiency, privacy and security of citizens and users,” says author and Founder of The Tech Whisperer Ltd Jaspreet Bindra.
One of blockchain’s most famous use cases in India today is The Reserve Bank of India’s digital rupee, which it says will be beneficial in remote areas with electricity and network constraints. Experts say this blockchain-powered has the potential to fuel inclusion and bring transparency and efficiency to the payments space.
The Maharashtra State Board of Skill Development issued nearly 1,00,000 verifiable, tamper-evident digital diplomas anchored on Polygon earlier this year, providing better data security and transparency than regular online certificates. Experts believe blockchain will bring more trust and transparency to the real estate space, too - through
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Maize Pickers Market Are Failing Us
Maize Pickers Market was valued at USD YY million in 2021. It is forecasted to attain USD YY million by 2029, growing with a CAGR from 4.32% through the outlook period (2022- 2029).
A maize picker is a machine to obtain gathering the ears and removes the husks from standing ingrown toenails. The widespread use of maize has resulted in the option of products necessary for crop production and processing. Maize pickers could become classified into two styles, an individual is a maize- for supports grain harvester, including pickers and grain harvesters, and one other is unquestionably whole plant harvesters, including examen harvesters and combined grain supports stover harvesters. Maize is just one of the most generally cultivated and traded crops and contributes to cereal in terms of volume and development. Rising demand and various technological advances, yield boosts, and area expansion have grown the need for maize development. The expansion of the harvesting techniques plus the emergence of somewhat more complicated machines is driving the expansion of the marketplace.
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Industry Dynamics
Progression agricultural mechanization globally drives industry progress
The importance of shrinking land, water solutions, and employees has elevated the advantages of farm mechanization in developing countries. Additionally, the industry is driven by elevating rates of mechanization in growing countries. In modern agriculture, mechanization can be a vital suggestion. It enhances productivity, besides lowering the expense of cultivation. Besides boosting production efficiency, mechanization encourages significant scale production and often can certainly improve the grade of farm manufacture. Agriculture technology has seen a huge growth in investment, with$ 6. 7 billion invested over the past 5 a number of$ 1. 9 billion in 2021. Indoor vertical farming, automation and robotics, livestock technology, modern garden greenhouse practices, precision agriculture and man-made intelligence, and blockchain will be the numerous innovations completed with mechanization. Sustainable agriculture mechanization contributes significantly which includes driving the progress of the marketplace. The call for that first maize has been cultivated due to the gardening mechanization exploded. Moreover, maize pickers industry growth is predicted to accelerate over the next five years, driven by the acute scarcity of skilled farm-building labour due to farm employees migrating to labour-extensive industries.
Market Segmentation
Tractor-attached maize pickers consisted of the best share in the global maize pickers market
The tractor-attached maize pickers are very well praised because of their load-bearing capacity as well it offers good luck during planting than other maize pickers. The tractor-mounted maize pickers allow you to choose small lanes and high rows through your call. Based on Indian Start of Maze Research, almost 1147. 7 million metric tonnes of maize will undoubtedly be produced together simply by 170 countries from your location of 193. 7 million fixa with average productivity of 5.75 t/ ha in 2020. The total maize production has exploded considering that the 83% of the full total production is found in the supply, starch, and bio-energy industries. Maize is the 2nd most cultivated crop on the planet and probably the most adaptable crop on the list of cereals also maize directly or ultimately significantly more than 3000 products are already being created offering an extensive chance for value addition. Maize is recognized as a great driver of the worldwide culture economy. Moreover, maize is developed in the tropics, and sun tropics and contains several types case field corn, sweet corn, fat-free popcorn, and others. Have tractor-attached pickers that can be used widely inside fields because of the performance they have in maize picking.
Physical Penetration
APAC could be the overpowering region with the forecast period
APAC is projected as the dominating region. In line with the productivity and yield, the Asia Ocean recorded the best performance. The best vest population causes the best demand in addition to the strong financial assistance from the federal government within the financial has grown growth in the area. During India, the green revolution significantly increased the expansion of the market. Indian farming is experiencing rapid change considering that the presentation of green transformation innovation due to that agribusiness is increasing. One bigger rising pattern of agribusiness under liberalization may be the broadening level of rural fares which can also increase the movement and imports. Based on To the India Institute of Research, Bulk maize production in India went in 2020 among which 13% is utilized as livestock nourishing, 14% in the starch industry, and 47% is utilized as poultry nourishing. India produced 1. 73 million dollars MT of maize in 2020. As per the other Gardening Service of the USA Portion of Agriculture (USDA), China is unquestionably expected to produce 272. 6 million dollars tonnes of corn and noted a 4. 6% increase in 2019. Feed corn and residual 2 are estimated at 211 million tonnes as feed generators to corn rations in China. Countries such as Japan, Australia, and different countries such as South Korea are bracing for a rise in agricultural development that could boost the expansion of the industry.
Competitive Landscape
Right now, there are numerous established participants found on the market and native companies, hence, the industry is fragmented. Some major key players are in reality Alvan Blanch Development Company, CLAAS, Deere& Company, HALDRUP, Kisankraft, Oxbo International, CNH Industrial, AGCO Corporation, Mahindra& Mahindra Limited., John Deere and others. The most notable players inside the promotion are accounting for the vast majority of the market share through innovations such as product launches. To have instance, in Aug 2021, David Deere introduced the newest 6155MH Tractor, which gives all area-confirmed performance and reliability of other M Series. This system provides additional plant clearance underneath the axle and greater drawbar clearance when compared with vehicles built with a typical axle and high-clearance auto tires.
COVID- 19 Impact
Poor influence on the worldwide maize pickers market
With the COVID- 19 the agriculture industry faced a serious headwind. Developing countries such as China and India have a new biggest population reliance upon agriculture plus the rising expense of labour impacted negatively. Apart from supply by China manufacturers and India most countries have chosen the agriculture and agro-support food sector as essential and not affected by business closure and restrictions on movement. An important downturn recorded in 2020 is widespread disruptions caused by restrictions imposed to support the spread of COVID- 19 combined with supply chain interruptions which increased pressure on the prices of products exactly to agricultural machinery. As the costs within the agriculture machinery elevated the values within the maze pickers also increased and similarly, negative rural reforms in some of the countries such as South Photography equipment triggered decreasing rural labour.
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UK economy: in crisis for a while, India's trade deal a ray of hope
UK economy: in crisis for a while, India’s trade deal a ray of hope
It has been anything but a smooth ride for the Rishi Sunak-led UK government, with the latest official data released this week showing a shrinking economy and a two-year-long recession.
The former British Indian finance minister, who took office last month at 10 Downing Street with a promise to correct the fiscal errors of the erstwhile Liz Truss’s disastrous mini-budget, has promised to hold on…
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Why India is a 8-9% economy and not 6-7%
The Indian economy has come a long way since the early 1990s when the national economy was forced to adopt stringent economic reforms to avert an already sinking, crisis ridden economy during those days. Needless to say, the years preceding economic reforms witnessed anemic growth for a prolonged period of time leading to massive deterioration of key economic indicators. Rupee sinking, Forex shrinking, twin deficits burgeoning and what not. Inflation was peaking with little or no employment generation taking place in the economy due to hardcore socialistic patterns of economic policies.
All these factors led to a humongous crisis engulfing the Indian economy forcing the then government to seek foreign assistance even to make our forex settlements. SInce the reforms of the 90s, Indian economy witnessed a gradual and step by step economic growth over the years taking the economy to $3.75 Trillion in the present era. Country's economy has emerged as one of the largest in the World in recent years. The growth has been phenomenal over the years, but the economy could have grown at a much faster rate leading to bigger economic size in terms of GDP. Over the years, the economic growth had been chequered and inconsistent with years of stupendous growth and sluggish growth.
Now the question comes - are we better off with a 6-7% economic growth or aim for much higher growth?
Certainly the answer is - we need to aim for an ecnomic growth at around 8-9%. The Indian economy has the potential to grow much faster and much bigger compared to what we are today. Perhaps the 8-9% growth may not be easy but it is achievable if we have the right kind of policy mix with opening the economy to even greater heights. Continuity of economic reforms is paramount as the country's economic size keeps expanding with every passing year. And if we were to target a $5 Trillion economy, the growth should be much above the 7% levels on a consistent basis. Given the huge potential the country's economy offers, we are in a sweet spot to accelerate economic growth.
Remember, the countries comparable to India are definitely slowing down and that also includes China which had a phenomenal growth over the last 30 years. India is a lone star in a falling global economic scenario and that should not prevent us from aiming for higher economic growth than what we are achieving currently. Interest rate, which is a key ingredient for a higher economic growth needs to come down significantly from the current levels. Once the fight against inflation gets over we can expect a downward trend in the interest rates. Having said that, interest rate is a factor which is largely dynamic to the changing economic conditions. On a broader perspective, the government should rigorously pursue strong and viable economic reforms which can take us to the range of 8-9% economic growth. If we get the right mix of policy reforms and investments, India can certainly scale the economic growth of 8-9% sooner than later.
V Gopalakrishnan
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