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News on Medial
Is automation growth widening India’s digital divide?
Inshorts
·
3m ago
Medial
Urban centres adopt automation faster, backed by better infra and talent. Rural areas lag, risking deeper inequality. Without rural inclusion through education, access, and localisation automation could worsen gaps. Equitable tech needs equitable rollout across geographies. Bridging this divide is not optional, it's foundational for inclusive progress.
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AI holds potential to transform lives but poses threat if mishandled: UNESCO Education ADG
Economic Times
·
10m ago
Medial
Stefania Giannini, UNESCO's Assistant Director General for Education, highlighted the transformative potential of artificial intelligence (AI) but also warned about associated risks if mishandled. She emphasized the need for appropriate investments to avoid widening the digital divide and called for robust frameworks to regulate AI in education. Giannini discussed challenges in implementing AI, such as curriculum adaptation and ethical issues related to assessment systems. She also noted the changing role of teachers and the importance of developing cognitive and socio-emotional abilities to interact with AI effectively. UNESCO has published guidance on regulating AI in education.
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STPI launches Kolkata incubation center to boost startups and tech innovation
Economic Times
·
5m ago
Medial
The Software Technology Parks of India (STPI) has launched an incubation center in Kolkata to support startups and promote tech innovation. The center will offer mentorship, industry collaboration, and global networking. This initiative aims to extend technology access beyond major cities and bridge the digital divide. The facility will focus on frontier technologies like AI and IoT, contributing to India’s evolving tech landscape. The government supports these efforts through various centers and entrepreneurial programs.
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US strike on Iran raises oil shock, capital flow risks for India’s economy
Livemint
·
1m ago
Medial
The recent U.S. missile strikes on Iran’s nuclear facilities have significantly heightened geopolitical tensions, posing potential risks to India’s economy. These include spikes in oil prices, a widening current account deficit, and increased energy costs that may fuel domestic inflation. Concerns extend to investor risk aversion, potential capital outflows, and broader threats to economic growth. However, analysts suggest these impacts might remain limited unless the conflict further escalates.
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95% of Indian IT leaders believe generative AI soon have big role at their firms: Report
Economic Times
·
1y ago
Medial
According to the enterprise software major Salesforce, 87% of IT leaders in India said that the role of AI in their organisations is well-defined. The report highlighted trends impacting IT organisations, such as shifting approaches to application development, the widening gap between IT services demand and supply, and the transformative impact of automation and artificial intelligence.
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India’s grocery bill reveals a tale of two markets
Economic Times
·
27d ago
Medial
India's FMCG sector shows a rural-urban divide in consumer preferences. Urban shoppers, influenced by inflation and digital access, favor unbranded goods for savings, with an 8.4% volume growth in cities vs. 2.3% in rural areas. Rural consumers remain loyal to legacy brands, prioritizing quality even at higher prices, with 5.1% volume growth. Large FMCG companies adopt dual strategies: digital-first products for urban markets and established brands for rural consumers.
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Rohit Chatter joins Angel One as Chief Data Officer
Inshorts
·
4m ago
Medial
Rohit Chatter has been appointed as Angel One’s Chief Data Officer to lead AI and data science initiatives. Chairman Dinesh Thakkar stated, "Rohit’s expertise will redefine digital investing and drive innovation." Rohit aims to enhance AI-driven automation and analytics, empowering investors with smarter financial solutions in India’s growing fintech ecosystem.
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India's digital economy to contribute a fifth of national income by 2030: Govt
Economic Times
·
6m ago
Medial
India’s digital economy is poised to grow nearly twice as fast as the overall economy, contributing one-fifth of the national income by 2030, as per the Ministry of Electronics and Information Technology. Digital intermediaries, platforms, and sectors such as cloud services and global capability centers are driving this growth. While digital transactions dominate banking, other traditional sectors are experiencing uneven digitalization. The digital economy’s growth rate is significantly outpacing the overall economic growth.
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Bridging The Urban-Rural Digital Divide In India
Inc42
·
1y ago
Medial
The digital divide between rural and urban areas in India remains stark, with only 24% of rural households having access to the internet compared to 66% in cities. This disconnect creates barriers to accessing entitlements, job opportunities, and financial inclusion. However, there have been government initiatives to address this issue, such as the establishment of Common Service Centers and the BharatNet project. Startups are also playing a crucial role in bridging the divide through vernacular knowledge platforms, digital skilling, and ecommerce solutions. Bridging the urban-rural divide requires a multi-stakeholder approach and investment in infrastructure to create a digitally equal India.
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Small businesses power 30% of GDP, need support to thrive
Inshorts
·
2m ago
Medial
India’s small businesses, from kirana stores to digital startups, contribute 30% to GDP but face hurdles like funding gaps, red tape, and digital illiteracy. With fintech, training, and policy support, these resilient ventures can thrive. Supporting them means fueling local dreams and strengthening the economy, because the future of India’s growth lies in its small, determined entrepreneurs.
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National Technology Day: India targets $500 billion revenue from tech industry by 2030
Economic Times
·
2m ago
Medial
India’s technology sector aims to achieve $500 billion in revenue by 2030, propelled by strategic investments in AI, cloud, and cybersecurity. With a workforce expected to reach 5.8 million by FY25, and key growth driven by strong global demand and expansion in various sectors, the industry is on track to contribute 10% of India’s GDP. Government initiatives and private investments further bolster the sector’s potential, marking a significant leap in India’s digital transformation.
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