Artificial Intelligence (AI) is reshaping traditional industries in India, transforming agriculture, manufacturing, and logistics by enhancing productivity, efficiency, and decision-making. While these sectors are undergoing substantial modernization, challenges related to infrastructure, costs, skill gaps, and data privacy continue to hinder full-scale adoption. This article examines the impact of AI on…
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India’s Advantage as a Human Resources and Skills Powerhouse
The world is on the brink of a significant labor shortage. Driven by demographic shifts, aging populations, and evolving industries, this shortage threatens to undermine economic growth and stability, particularly in developed nations. However, as many countries grapple with a shrinking workforce, India stands at a pivotal moment. With its…
CII Institute of Logistics: Pioneering India’s Path to Global Logistics Excellence
India’s logistics sector is on the brink of a transformative journey, driven by a vision to become more efficient, integrated, digitally led, and significantly automated. With a focus on environmental sustainability and creating high-value employment opportunities, the Confederation of Indian Industry (CII) has been at the forefront of this movement…
Empowering India’s Workforce with Digital Skills for a Sustainable Future
Introduction As the global economy undergoes a digital transformation, the importance of digital skills in the workplace is undeniable. In India, a country with a vast and youthful workforce, equipping individuals with digital skills is essential to foster economic growth and maintain competitiveness on the global stage. Let’s explores the…
BIMSTEC’s Digital Infrastructure: Paving the Way for Regional Economic Collaboration
Digital Public Infrastructure: A Catalyst for Economic Growth In an increasingly interconnected global economy, the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) stands at the forefront of creating a digital public infrastructure that serves as a catalyst for regional economic collaboration. The development of such infrastructure…
AI: What Does the Future Hold?
The future of Artificial Intelligence (AI) promises profound transformations across all sectors, driving advancements that enhance automation, improve decision-making, and unlock new levels of efficiency. AI is not only an enabler for advancing current investments in technology and innovation but also a significant contributor to economic growth. In India, AI…
Role of BIMSTEC in Creating a Regional Economic Power in Trade and Investment
The Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC), comprising Bangladesh, Bhutan, India, Myanmar, Nepal, Sri Lanka, and Thailand, is strategically positioned to become a significant economic power in South and Southeast Asia. In 2023, the region’s collective trade of goods reached a substantial USD 1,863 billion,…
Reshaping the Future of ADR in India through Integration of Technology and Institutional Arbitration
Alternative Dispute Resolution (ADR) mechanisms, such as arbitration, mediation, and conciliation, have long been recognized as effective means for resolving disputes without resorting to litigation. The integration of technology and institutional arbitration stands at the forefront of this transformation, offering unprecedented opportunities to improve efficiency, transparency, and effectiveness in the…
Leveraging New Age Technologies: Applications in the Indian Context
In recent years, India has adopted new generation technologies at an unprecedented rate, revolutionizing numerous industries and paving the way for a dramatic shift in company operations and societal functions. Traditional business structures and procedures are being transformed by technologies such as artificial intelligence (AI), quantum computing, machine learning (ML),…
Challenge of creating a skilled workforce
India stands tall today as the world’s fastest-growing large economy. This has been accompanied by the creation of high-quality employment opportunities, as reflected in the latest Periodic Labour Survey, where positive trends can be observed across many indicators. The worker-population ratio (WPR) for people aged 15 and above increased…