Connect with us

Sci/tech

India has potential to create over 10 crore new jobs by 2030: PHDCCI

Published

on

New Delhi, June 11 (IANS) India holds the potential to create more than 10 crore new jobs by 2030, as the economy is likely to add $3.3 trillion to the GDP by the same time frame, industry body PHD Chamber of Commerce and Industry (PHDCCI) said on Tuesday.

The industry chamber suggested 10 crucial points for the 100-day agenda of the new government.

It includes employment creation, double-digit growth in manufacturing, strengthening exports trajectory, state-of-the-art infrastructure in Tier-2 and Tier-3 cities, policy to strengthen farm sector, addressing inflation escalations, enhancing digital economy, strengthening women empowerment, inclusive health infrastructure and dedicated environment protection.

Amid the growing geopolitical distress and uncertain global economic environment, India grew more than 8 per cent (average) during FY 2022 to FY 2024.

“We suggest a roadmap for creating more than 10 crore jobs by 2030 in many segments including MSMEs, large conglomerates and startups,” said Sanjeev Agrawal, President, PHDCCI.

ALSO READ:  Health experts express concern on rising tide of obesity among Indian kids

The post pandemic high growth trajectory has created avenues for crores of jobs in the coming years.

“We suggest boosting manufacturing growth to double digits by percolating Ease of Doing Business at the factory level and reducing the cost of doing business,” Agrawal noted.

The new industrial policy is needed at this juncture to strengthen industrial development and employment creation in the country.

In the suggested agenda, the chamber recommended that the government focus on 75 products to strengthen India’s export trajectory and increase its share in global exports.

“These 75 products will be crucial to achieve the trajectory of $2 trillion exports by 2030,” said Agrawal.

The government, in the first 100 days, should focus on strategising on a state-of-the-art infrastructure policy for Tier-2 and Tier-3 cities along with the development of rural infrastructure and modernisation of villages with adequate facilitation of public utilities, according to the agenda.

“We recommend that the government formulate a strategy to boost the digital economy and enhance cyber security in the era of emerging AI-led technologies,” it added.

ALSO READ:  GenAI emerges as key theme in firms’ discussions in Q1 this year: Report

–IANS

na/rad

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Sci/tech

Debate on EVMs heats up between Elon Musk, Rajeev Chandrasekhar on X (Lead)

Published

on

By

New Delhi, June 16 (IANS) The debate on whether electronic voting machines (EVMs) can be hacked further heated up between Elon Musk and Rajeev Chandrasekhar on X social media platform on Sunday, with the former Union Minister saying that we both can finally “agree to disagree”.

When Chandrasekhar told the tech billionaire that Indian EVMs are custom-designed, secure and isolated from any network or media, the Tesla CEO replied: “Anything can be hacked”.

Chandrasekhar replied, saying anything is possible with quantum compute and “I can decrypt any level of encryption”.

“With lab level tech and plenty of resources, I can hack any digital hardware/system including flight controls of a glass cockpit of a jet etc. But that’s a different type of a conversation from EVMs being secure and reliable vis a vis paper voting. And we can agree to disagree,” the former minister argued.

Earlier in the day, Chandrasekhar debunked Musk’s take on eliminating EVMs from voting as a “huge sweeping generalisation statement”.

ALSO READ:  Google's Gemini beats OpenAI's ChatGPT by 3% in multi-discipline tests: Report

“Electronic voting machines can be architected and built right as India has done. We would be happy to run a tutorial, Elon,” Chandrasekhar told the tech billionaire. Musk had alleged that EVMs should be eliminated as the “risk of being hacked by humans or AI, while small, is still too high”.

“This is a huge sweeping generalisation statement that implies no one can build secure digital hardware. Wrong,” replied the former minister.

According to Chandrasekhar, Musk’s view may apply to the US and other places where they use regular computing platforms to build “Internet-connected Voting machines.”

Musk had reacted to Puerto Rico’s primary elections which allegedly experienced voting irregularities.

Chandrasekhar further rejected Musk’s statement, saying that Indian EVMs are custom-designed, secure and isolated from any network or media.

“No connectivity, no bluetooth, wifi, Internet; there is no way in. Factory-programmed controllers that cannot be reprogrammed”, informed the former minister.

–IANS

na/vd

ALSO READ:  South Korea's new space agency to help compete in global space race
Continue Reading

Sci/tech

CBIC launches awareness campaign against fraud in name of Indian Customs

Published

on

By

New Delhi, June 16 (IANS) As various incidents of fraudulent individuals posing as Indian Customs officers cheating the public of their hard-earned money across the country have come to light via news portals/social media platforms, the Central Board of Indirect Taxes and Customs (CBIC) on Sunday launched a multi-modal awareness campaign to counter these frauds through public awareness.

The campaign will include — newspaper advertisements, SMS/Emails to the general public, social media campaigns, and public awareness campaigns by CBIC field formations across the country in coordination with local administration and trade bodies to spread awareness on this issue, CBIC mentioned.

The CBIC also advised the public to take certain measures to safeguard themselves from becoming a victim of such scams.

It said that Indian Customs officers never contact the public via phone, SMS, or e-mail for payment of duty in private accounts.

“Disconnect calls and never respond to messages, if you suspect fraud or encounter any irregularities”.

ALSO READ:  South Korea's new space agency to help compete in global space race

CBIC also advised not to share or disclose personal information such as passwords, CVV, Aadhaar number, etc., or send money to unknown individuals or organisations without verifying their identity and legitimacy.

It further mentioned immediately reporting such cases to www.cybercrime.gov.in or helpline number 1930, if anyone comes to know about such scams.

–IANS

shs/pgh

Continue Reading

Sci/tech

New device to help doctors spot life-threatening infections in cancer patients remotely

Published

on

By

San Francisco, June 16 (IANS) US-based firm Leuko, founded by a research team at the Massachusetts Institute of Technology (MIT), has developed a device that will give doctors a non-invasive way to monitor cancer patients’ health during chemotherapy — without the need of blood tests.

Chemotherapy and other treatments that take down cancer cells can also destroy patients’ immune cells.

In some cases, the patient’s white blood cell (WBC) count gets dangerously low, a condition known as neutropenia, and the only way for doctors to monitor their patient’s white blood cells is through blood tests.

However, this new device will help doctors spot life-threatening infections in cancer patients remotely, according to MIT.

According to MIT, rather than drawing blood, this device uses light to look through the skin at the top of the fingernail and artificial intelligence to analyse and detect when WBCs reach dangerously low levels.

“Some of the physicians that we have talked to are very excited because they think future versions of our product could be used to personalise the dose of chemotherapy given to each patient,” said Leuko co-founder and CEO Carlos Castro-Gonzalez, a former postdoctorate at MIT.

ALSO READ:  Capgemini to acquire Unity's Digital Twin Professional Services arm

“If a patient is not becoming neutropenic, that could be a sign that you could increase the dose. Then every treatment could be based on how each patient is individually reacting,” he added.

The technology was first developed by researchers at MIT in 2015. Over the next few years, they created a prototype and conducted a small study to validate their approach.

In a study of 44 patients in 2019, Leuko’s team showed the approach was able to detect when WBC levels dropped below a critical threshold with minimal false positives.

The company has been working with the US Food and Drug Administration (FDA) over the last four years to design studies confirming their device is accurate and easy to use by untrained patients, MIT said.

Later this year, they expect to begin a pivotal study that will be used to register for FDA approval.

–IANS

shs/sd/

Continue Reading

Sci/tech

India's textile exports surge by 9.6 pc despite global headwinds

Published

on

By

New Delhi, June 16 (IANS) India’s textile exports grew by 9.59 per cent in May this year compared to the same month of the previous year, despite unfavourable economic conditions in major markets such as the European Union (EU), the US and West Asian nations, according to a report by the Confederation of Indian Textile Industry (CITI).

In addition, the country’s apparel exports saw an increase of 9.84 per cent during the same period, the report points out.

CITI’s report highlighted that the combined exports of textiles and apparel in May 2024 registered a 9.70 per cent growth over May last year. India’s overall exports for May 2024 surged to $68.29 billion, marking a substantial year-on-year increase of 10.2 per cent, according to the figures released by the Commerce Ministry.

The CITI analysis shows that during April-May 2024, Indian textile exports grew by 6.04 per cent over the previous year, while apparel exports increased by 4.46 per cent during the same period. The cumulative exports of textiles and apparel during April-May 2024 saw a 5.34 per cent rise compared to the same period last year.

ALSO READ:  Facebook turns 20, Instagram tells Zuckerberg 'I love you dad'

The recently released export data also showed a strong performance in sectors such as electronic goods, pharmaceuticals, organic and inorganic chemicals, engineering goods and petroleum products.

Electronic goods exports shot up by as much as 22.97 per cent, underlining the change in India’s export goods basket contributed by the growth in the manufacturing sector.

Similarly, petroleum products (15.75 per cent year-on-year) and engineering goods (7.39 per cent) exports also registered high rates of growth.

Ashwani Kumar, President of the Federation of Indian Export Organisations (FIEO), said that there is a positive trajectory in May 2024, driven by robust order bookings. Among the top 10 export markets for India were the US, UAE, Netherlands, UK, China, Singapore, Saudi Arabia, Bangladesh, Germany and France, with exports to these markets registering double-digit growth rates.

India’s overall merchandise exports jumped by 9.1 per cent to $38.13 billion, while service exports climbed by 11.7 per cent, reaching $30.16 billion.

ALSO READ:  OnlyFans investigated by UK's media regulator over kids accessing porn

–IANS

sps/uk

Continue Reading

Sci/tech

India's electronic manufacturing likely to reach around $250 bn in next 5 yrs: Report

Published

on

By

New Delhi, June 16 (IANS) India’s electronic manufacturing is likely to reach around $250 billion in the next five years, according to media reports.

At present, the electronic exports of the country stand at $125 to $130 billion.

The government also plans to address the issue of unemployment by creating jobs in the electronic manufacturing sector. Presently, 25 lakh people are employed in this sector.

In the next five years, the government intends to double the number of jobs in the sector, according to media reports.

As per Invest India, technology transitions such as the rollout of 5G networks and IoT (Internet of Things) are driving the accelerated adoption of electronics products.

“Initiatives such as ‘Digital India’ and ‘Smart City’ projects have raised the demand for IoT in the electronics devices market and will undoubtedly usher in a new era for electronic products,” it mentioned.

At present, India’s domestic production has grown at a CAGR of 13 per cent from $49 billion in FY17 to $101 billion in FY23.

ALSO READ:  Health experts express concern on rising tide of obesity among Indian kids

During April 2024, electronic goods exports were recorded at $2.65 billion as compared to $2.10 billion during April 2023, registering a growth of 25.80 per cent, according to the Invest India data.

Mobile phone production surged from Rs 18,900 crore in 2014-15 to an estimated Rs 4.10 lakh crore in FY24, registering an increase of 2,000 per cent, as per top electronics industry body India Cellular and Electronics Association (ICEA).

–IANS

shs/uk

Continue Reading

Trending