As the Israel-Palestine conflict unfolds, it's the silent suffering of individuals in Gaza and Israel that often remains hidden. In Gaza, where perpetual violence has become a grim reality, a study from 2017 reveals the staggering extent of post-traumatic stress disorder (PTSD).

Approximately 37 per cent of adults in Gaza meet the criteria for a PTSD diagnosis. The symptoms, including disrupted sleep, a constant state of alertness, and emotional numbness, directly result from the ongoing atrocities – the demolition of homes, oppressive policing, unlawful killings, detention without trial, and torture. The people here are not just battling the visible scars but also grappling with the invisible ones, trapped in a state of "learned helplessness" that can lead to depression.

The widening ripple effect

The impact of the conflict isn't confined within the borders of Gaza and Israel; it extends far beyond. The psychological repercussions touch both veterans and civilians in Israel. In recent years, bureaucratic obstacles and insufficient funding have left many veterans without the support they need. At least ten veterans have tragically taken their own lives in the past two years. The burden of PTSD is not limited to those who have served; it extends to a significant portion of the civilian population.

The psychological impact of this ongoing conflict reverberates globally. People with ties to the region and those concerned about the effects of war worldwide are also experiencing indirect repercussions. Consuming traumatic news through various media channels has detrimental effects. Driven by the power of visual imagery, these stories can become intrusive, leading to anxiety, depression, and acute stress reactions.

Children caught in the crossfire

The conflict's psychological toll does not discriminate by age. Children living amid the turmoil face profound emotional challenges. The constant state of uncertainty, with the looming threat of injury or loss of loved ones, leaves indelible scars. Signs of trauma in children manifest in various ways – regression, anxiety, emotional upheaval, and difficulties in understanding and coping with the ongoing conflict. The impact on their young minds is substantial and potentially long-lasting.

The hidden costs

The Israel-Palestine conflict underscores that the price of war extends beyond the physical destruction and casualties. It leaves a deep and enduring mark on the mental well-being of those directly and indirectly involved. The consequences of this invisible suffering, if left unaddressed, could impair not only individual lives but also the broader resilience of communities. It's a stark reminder that providing the necessary support and resources to help individuals and communities heal from the trauma of war is an urgent and vital endeavour.

As the Israel-Palestine conflict unfolds, it's the silent suffering of individuals in Gaza and Israel that often remains hidden. In Gaza, where perpetual violence has become a grim reality, a study from 2017 reveals the staggering extent of post-traumatic stress disorder (PTSD).

As the Israel-Palestine conflict unfolds, it's the silent suffering of individuals in Gaza and Israel that often remains hidden. In Gaza, where perpetual violence has become a grim reality, a study from 2017 reveals the staggering extent of post-traumatic stress disorder (PTSD). Approximately 37 per cent of adults in Gaza meet the criteria for a PTSD diagnosis. The symptoms, including disrupted sleep, a constant state of alertness, and emotional numbness, directly result from the ongoing atrocities – the demolition of homes, oppressive policing, unlawful killings, detention without trial, and torture. The people here are not just battling the visible scars but also grappling with the invisible ones, trapped in a state of "learned helplessness" that can lead to depression. The widening ripple effect The impact of the conflict isn't confined within the borders of Gaza and Israel; it extends far beyond. The psychological repercussions touch both veterans and civilians in Israel. In recent years, bureaucratic obstacles and insufficient funding have left many veterans without the support they need. At least ten veterans have tragically taken their own lives in the past two years. The burden of PTSD is not limited to those who have served; it extends to a significant portion of the civilian population. The psychological impact of this ongoing conflict reverberates globally. People with ties to the region and those concerned about the effects of war worldwide are also experiencing indirect repercussions. Consuming traumatic news through various media channels has detrimental effects. Driven by the power of visual imagery, these stories can become intrusive, leading to anxiety, depression, and acute stress reactions. Children caught in the crossfire The conflict's psychological toll does not discriminate by age. Children living amid the turmoil face profound emotional challenges. The constant state of uncertainty, with the looming threat of injury or loss of loved ones, leaves indelible scars. Signs of trauma in children manifest in various ways – regression, anxiety, emotional upheaval, and difficulties in understanding and coping with the ongoing conflict. The impact on their young minds is substantial and potentially long-lasting. The hidden costs The Israel-Palestine conflict underscores that the price of war extends beyond the physical destruction and casualties. It leaves a deep and enduring mark on the mental well-being of those directly and indirectly involved. The consequences of this invisible suffering, if left unaddressed, could impair not only individual lives but also the broader resilience of communities. It's a stark reminder that providing the necessary support and resources to help individuals and communities heal from the trauma of war is an urgent and vital endeavour.

Caught in conflict: The invisible scars of war in Gaza & Israel

&nbsp;

The Israel-Hamas conflict has rocked the world with its sudden eruption and lasting geopolitical consequences. Beyond the headlines, financial markets find themselves at the crossroads of uncertainty. In this quest for exploring the market outlook, we dissect JPMorgan's data-driven analysis, shedding light on the intricate dance between this regional upheaval and the global economy.

Understanding the conflict's evolution

To comprehend the Israel-Hamas crisis, it's crucial to grasp its fluid, ever-evolving nature. The conflict's geopolitical web stretches far beyond the two primary parties involved. The attack's repercussions are multifaceted, disrupting U.S-brokered negotiations around Saudi-Israel relations, intensifying tensions between Israeli forces and Iran-backed Hezbollah militants at the Lebanon border, and triggering questions about Iran's possible involvement.

JPMorgan's assessment delves into the potential outcomes of the Israel-Hamas conflict through two pivotal scenarios.

Scenario 1: If the conflict remains contained

In this scenario, neither Israel nor Hamas holds significant sway in the global oil market. As it currently stands, the conflict exerts minimal influence on oil production or supply. Market sentiment aligns with this assessment, as evidenced by Brent crude prices, which have risen by just over 5%, still well below their summer peaks. What's crucial is the stability in the global oil supply and demand balance, a far cry from the strained conditions during Russia's invasion of Ukraine, where demand outstripped supply.

JPMorgan's insights emphasise a pivotal point – today's markets are more resilient and better equipped to handle moderate disruptions. For example, a stricter U.S. enforcement of sanctions on Iranian oil, responsible for about 4% of global supply, could be absorbed, even amid U.S.-Iran tensions. This underscores the diversified nature of the present global oil supply.

Scenario 2: If the conflict escalates

With escalation comes magnified risks. Drawing historical parallels, particularly to the 1973 Yom Kippur War when Arab OPEC countries imposed an oil embargo, leading to an over 300% surge in oil prices, high inflation, an economic recession, and a prolonged stock market slump, raises legitimate concerns.

JPMorgan issues a stark warning – although no direct evidence of similar actions exists today, a broader conflict could disrupt critical shipping routes, such as the Strait of Hormuz, responsible for about 20% of global oil consumption. Such a disruption would pose formidable challenges.

This analysis unveils a potential silver lining: other oil-producing nations may step in to alleviate the impact. The United States, rapidly expanding as a major oil supplier, could play a pivotal role, though insufficient to stabilise prices entirely. Encouragingly, the U.S. now exhibits reduced energy intensity compared to the 1970s, requiring significantly less oil to generate economic output.

Insights and outlook

This deep dive into JPMorgan's insights underscores that the Israel-Hamas conflict's shadow looms large, casting uncertainty over the world of finance. The markets, however, remain resilient and adaptable, capable of withstanding turbulence. In the face of uncertainty, history teaches us that equity markets often recover swiftly from geopolitical conflicts, provided they do not result in a global supply shock.

The Israel-Hamas conflict has rocked the world with its sudden eruption and lasting geopolitical consequences. Beyond the headlines, financial markets find themselves at the crossroads of uncertainty.

The Israel-Hamas conflict has rocked the world with its sudden eruption and lasting geopolitical consequences. Beyond the headlines, financial markets find themselves at the crossroads of uncertainty. In this quest for exploring the market outlook, we dissect JPMorgan's data-driven analysis, shedding light on the intricate dance between this regional upheaval and the global economy. Understanding the conflict's evolution To comprehend the Israel-Hamas crisis, it's crucial to grasp its fluid, ever-evolving nature. The conflict's geopolitical web stretches far beyond the two primary parties involved. The attack's repercussions are multifaceted, disrupting U.S-brokered negotiations around Saudi-Israel relations, intensifying tensions between Israeli forces and Iran-backed Hezbollah militants at the Lebanon border, and triggering questions about Iran's possible involvement. JPMorgan's assessment delves into the potential outcomes of the Israel-Hamas conflict through two pivotal scenarios. Scenario 1: If the conflict remains contained In this scenario, neither Israel nor Hamas holds significant sway in the global oil market. As it currently stands, the conflict exerts minimal influence on oil production or supply. Market sentiment aligns with this assessment, as evidenced by Brent crude prices, which have risen by just over 5%, still well below their summer peaks. What's crucial is the stability in the global oil supply and demand balance, a far cry from the strained conditions during Russia's invasion of Ukraine, where demand outstripped supply. JPMorgan's insights emphasise a pivotal point – today's markets are more resilient and better equipped to handle moderate disruptions. For example, a stricter U.S. enforcement of sanctions on Iranian oil, responsible for about 4% of global supply, could be absorbed, even amid U.S.-Iran tensions. This underscores the diversified nature of the present global oil supply. Scenario 2: If the conflict escalates With escalation comes magnified risks. Drawing historical parallels, particularly to the 1973 Yom Kippur War when Arab OPEC countries imposed an oil embargo, leading to an over 300% surge in oil prices, high inflation, an economic recession, and a prolonged stock market slump, raises legitimate concerns. JPMorgan issues a stark warning – although no direct evidence of similar actions exists today, a broader conflict could disrupt critical shipping routes, such as the Strait of Hormuz, responsible for about 20% of global oil consumption. Such a disruption would pose formidable challenges. This analysis unveils a potential silver lining: other oil-producing nations may step in to alleviate the impact. The United States, rapidly expanding as a major oil supplier, could play a pivotal role, though insufficient to stabilise prices entirely. Encouragingly, the U.S. now exhibits reduced energy intensity compared to the 1970s, requiring significantly less oil to generate economic output. Insights and outlook This deep dive into JPMorgan's insights underscores that the Israel-Hamas conflict's shadow looms large, casting uncertainty over the world of finance. The markets, however, remain resilient and adaptable, capable of withstanding turbulence. In the face of uncertainty, history teaches us that equity markets often recover swiftly from geopolitical conflicts, provided they do not result in a global supply shock.

Navigating turbulence: Israel-Hamas war and its financial impact

Nikhil Kamath's journey in finance and entrepreneurship is nothing short of a modern-day legend. From a school dropout who sold phones at the age of 14 to becoming the co-founder of India's largest stockbroker, Zerodha, and the country's youngest billionaire, his story is a testament to the power of determination, timing, and the pursuit of dreams. Let's delve into the inspiring journey of Nikhil Kamath.

The early struggles

Nikhil's path to success was far from conventional. He openly admitted to despising school, and, as a teenager, he chose to sell phones, much to his mother's dismay. His lack of interest in education led to his school denying him the opportunity to sit for the class 10 board exams, eventually pushing him to drop out.

Unconventional choices continued as he moved in with his girlfriend and began working at a call centre during the evenings, earning a monthly salary of&nbsp;8,000 rupees. In the mornings, he dabbled in trading, self-educating, and honing his skills away from the family ecosystem and societal judgment.

The turning point

In 2006, Nikhil had a fateful encounter with an American man who entrusted him with the responsibility of managing his money. This experience served as a stepping stone for Nikhil, leading him to establish a brokerage firm named "Kamath &amp; Associates." However, it was in 2010 that Nikhil took a monumental leap and founded Zerodha, a disruptive trading platform. Shortly after, he was joined by his elder brother, Nithin Kamath, in this ambitious endeavour.

The Zerodha revolution

Zerodha was founded with the mission to simplify retail trading for everyday investors, and the timing couldn't have been more perfect. Approximately 15 per cent&nbsp;of India's total retail trading volume now flows through Zerodha, with a staggering daily turnover of over $10 billion. The platform's accessibility, discounts, and user-friendly interface attracted millions, and it thrived, especially during the pandemic.

Billionaire status

The success of Zerodha catapulted Nikhil Kamath to billionaire status, making him the youngest billionaire in India at the age of 37. According to Forbes ' latest rankings, his combined net worth with his brother Nithin now stands at a remarkable $5.5 billion, securing him the 40th position among India's richest individuals.

Giving back and future endeavours

Nikhil Kamath has pledged to donate 25 per cent&nbsp;of his wealth to philanthropic causes and $100 million toward combating climate change, echoing the generosity of Warren Buffett.

He recently unveiled the 'WTF Fund' initiative, an innovative endeavour to empower budding entrepreneurs to thrive within the sectors of fashion, beauty, and home brands. This initiative boasts a collaboration with luminaries such as Kishore Biyani, the founder of Future Group, Ananth Narayanan, the mind behind Mensa Brands, and Raj Shamani, a content creator renowned for his House of X and the Figuring Out Podcast.

As he said in an interview with South China Morning Post (SCMP),&nbsp;'The idea is to move the central focus away from doing well for oneself, to being a more significant part of the various communities I am a part of; businesses that are not just for profit but have an impact element.'

Nikhil Kamath's rise is a story of financial success and an inspiring tale of determination, risk-taking, and the importance of timing in entrepreneurship. His journey serves as a beacon of hope and motivation for younger entrepreneurs, emphasising that dreams can be realised through relentless pursuit and the courage to step away from the conventional.

WATCH WION LIVE HERE

<iframe allow="accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="350" src="https://www.wionews.com/live-tv/embed?autoplay=1&amp;mute=1" width="100%"></iframe>

Nikhil Kamath's journey in finance and entrepreneurship is nothing short of a modern-day legend. From a school dropout who sold phones at the age of 14 to becoming the co-founder of India's largest stockbroker, Zerodha, and the country's youngest billionaire, his story is a testament to the power of determination, timing, and the pursuit of dreams.

Nikhil Kamath's journey in finance and entrepreneurship is nothing short of a modern-day legend. From a school dropout who sold phones at the age of 14 to becoming the co-founder of India's largest stockbroker, Zerodha, and the country's youngest billionaire, his story is a testament to the power of determination, timing, and the pursuit of dreams. Let's delve into the inspiring journey of Nikhil Kamath. The early struggles Nikhil's path to success was far from conventional. He openly admitted to despising school, and, as a teenager, he chose to sell phones, much to his mother's dismay. His lack of interest in education led to his school denying him the opportunity to sit for the class 10 board exams, eventually pushing him to drop out. Unconventional choices continued as he moved in with his girlfriend and began working at a call centre during the evenings, earning a monthly salary of 8,000 rupees. In the mornings, he dabbled in trading, self-educating, and honing his skills away from the family ecosystem and societal judgment. The turning point In 2006, Nikhil had a fateful encounter with an American man who entrusted him with the responsibility of managing his money. This experience served as a stepping stone for Nikhil, leading him to establish a brokerage firm named "Kamath & Associates." However, it was in 2010 that Nikhil took a monumental leap and founded Zerodha, a disruptive trading platform. Shortly after, he was joined by his elder brother, Nithin Kamath, in this ambitious endeavour. The Zerodha revolution Zerodha was founded with the mission to simplify retail trading for everyday investors, and the timing couldn't have been more perfect. Approximately 15 per cent of India's total retail trading volume now flows through Zerodha, with a staggering daily turnover of over $10 billion. The platform's accessibility, discounts, and user-friendly interface attracted millions, and it thrived, especially during the pandemic. Billionaire status The success of Zerodha catapulted Nikhil Kamath to billionaire status, making him the youngest billionaire in India at the age of 37. According to Forbes ' latest rankings, his combined net worth with his brother Nithin now stands at a remarkable $5.5 billion, securing him the 40th position among India's richest individuals. Giving back and future endeavours Nikhil Kamath has pledged to donate 25 per cent of his wealth to philanthropic causes and $100 million toward combating climate change, echoing the generosity of Warren Buffett. He recently unveiled the 'WTF Fund' initiative, an innovative endeavour to empower budding entrepreneurs to thrive within the sectors of fashion, beauty, and home brands. This initiative boasts a collaboration with luminaries such as Kishore Biyani, the founder of Future Group, Ananth Narayanan, the mind behind Mensa Brands, and Raj Shamani, a content creator renowned for his House of X and the Figuring Out Podcast. As he said in an interview with South China Morning Post (SCMP), 'The idea is to move the central focus away from doing well for oneself, to being a more significant part of the various communities I am a part of; businesses that are not just for profit but have an impact element.' Nikhil Kamath's rise is a story of financial success and an inspiring tale of determination, risk-taking, and the importance of timing in entrepreneurship. His journey serves as a beacon of hope and motivation for younger entrepreneurs, emphasising that dreams can be realised through relentless pursuit and the courage to step away from the conventional. WATCH WION LIVE HERE

The Art of Timing: Nikhil Kamath's entrepreneurial triumph in stocks

This year's Hurun India Rich List has a notable addition - Twenty-year-old Kaivalya Vohra, the youngest self-made entrepreneur. His venture, Zepto, co-founded with Aadit Palicha, holds the distinguished title of India's first unicorn of 2023.

Notably, Zepto's meteoric rise is further underscored by its recognition in LinkedIn's 2023 Top 20 Indian Startups List, where it has claimed the top spot, cementing its status as a burgeoning leader in the Indian startup ecosystem.

The Founders

At the heart of Zepto's remarkable journey are the founders, Aadit Palicha and Kaivalya Vohra. Hailing from Mumbai, Aadit Palicha took a divergent path from his Stanford University studies, opting to co-found Zepto. His entrepreneurial acumen is not a recent development; Aadit's journey began at the age of 17 when he founded Gopool. He has also made waves in the realm of artificial intelligence, notably through his project Pryvasee.

Similarly, Kaivalya Vohra, Zepto's Chief Technology Officer, also forsook his studies at Stanford University to embark on this entrepreneurial journey. Their collective efforts propelled Zepto onto the esteemed Hurun India's Future Unicorn Index in 2022.

Zepto's journey

Zepto's journey is a compelling narrative of resilience and adaptability. It started its odyssey as Kiranakart, collaborating with local grocery stores to address the soaring demand for swift delivery of essential items, a need magnified by the onset of the COVID-19 pandemic. In November 2021, the company secured $60 million in funding, and the promise of delivering groceries in just 10 minutes elevated its valuation to $570 million. May 2022 marked a watershed moment when Zepto secured $200 million in funding, catapulting its valuation to an impressive $900 million. Zepto further solidified its unicorn status by raising $200 million in a Series E round of funding, attaining a valuation of $1.4 billion. This achievement made Zepto India's first unicorn of 2023.

Future outlook

Looking ahead, Zepto is poised for further expansion, with plans to add 40% more dark stores in the coming year while reducing the time for these stores to turn profitable. The company also harbors aspirations of achieving EBITDA positivity within the next 12 to 15 months while sustaining its impressive growth trajectory.

However, as with any entrepreneurial journey, challenges lie on the horizon. These include the need for continuous funding to fuel their ambitious growth plans and the perpetual quest to maintain a competitive edge in the rapidly evolving quick commerce market.

Zepto's journey is a testament to the agility and innovation embedded in the core of India's startup landscape. Aadit Palicha and Kaivalya Vohra's foray into the grocery delivery market serves as an inspiration, illustrating the boundless potential of founders who navigate the dynamic world of startups.

WATCH WION LIVE HERE

<iframe allow="accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="350" src="https://www.wionews.com/live-tv/embed?autoplay=1&amp;mute=1" width="100%"></iframe>

This year's Hurun India Rich List has a notable addition - Twenty-year-old Kaivalya Vohra, the youngest self-made entrepreneur. His venture, Zepto, co-founded with Aadit Palicha, holds the distinguished title of India's first unicorn of 2023.

This year's Hurun India Rich List has a notable addition - Twenty-year-old Kaivalya Vohra, the youngest self-made entrepreneur. His venture, Zepto, co-founded with Aadit Palicha, holds the distinguished title of India's first unicorn of 2023. Notably, Zepto's meteoric rise is further underscored by its recognition in LinkedIn's 2023 Top 20 Indian Startups List, where it has claimed the top spot, cementing its status as a burgeoning leader in the Indian startup ecosystem. The Founders At the heart of Zepto's remarkable journey are the founders, Aadit Palicha and Kaivalya Vohra. Hailing from Mumbai, Aadit Palicha took a divergent path from his Stanford University studies, opting to co-found Zepto. His entrepreneurial acumen is not a recent development; Aadit's journey began at the age of 17 when he founded Gopool. He has also made waves in the realm of artificial intelligence, notably through his project Pryvasee. Similarly, Kaivalya Vohra, Zepto's Chief Technology Officer, also forsook his studies at Stanford University to embark on this entrepreneurial journey. Their collective efforts propelled Zepto onto the esteemed Hurun India's Future Unicorn Index in 2022. Zepto's journey Zepto's journey is a compelling narrative of resilience and adaptability. It started its odyssey as Kiranakart, collaborating with local grocery stores to address the soaring demand for swift delivery of essential items, a need magnified by the onset of the COVID-19 pandemic. In November 2021, the company secured $60 million in funding, and the promise of delivering groceries in just 10 minutes elevated its valuation to $570 million. May 2022 marked a watershed moment when Zepto secured $200 million in funding, catapulting its valuation to an impressive $900 million. Zepto further solidified its unicorn status by raising $200 million in a Series E round of funding, attaining a valuation of $1.4 billion. This achievement made Zepto India's first unicorn of 2023. Future outlook Looking ahead, Zepto is poised for further expansion, with plans to add 40% more dark stores in the coming year while reducing the time for these stores to turn profitable. The company also harbors aspirations of achieving EBITDA positivity within the next 12 to 15 months while sustaining its impressive growth trajectory. However, as with any entrepreneurial journey, challenges lie on the horizon. These include the need for continuous funding to fuel their ambitious growth plans and the perpetual quest to maintain a competitive edge in the rapidly evolving quick commerce market. Zepto's journey is a testament to the agility and innovation embedded in the core of India's startup landscape. Aadit Palicha and Kaivalya Vohra's foray into the grocery delivery market serves as an inspiration, illustrating the boundless potential of founders who navigate the dynamic world of startups. WATCH WION LIVE HERE

Meet Zepto: India's first unicorn of 2023

As the calendar inches closer to India's much-anticipated festive season, the nation is poised at a juncture where tradition meets transformation, and celebration converges with commerce. This annual extravaganza transcends mere merriment; it wields the power to reshape India's economic landscape and make ripples across the global business spectrum. Beyond the surface sparkle of lights and festivities, we unveil the intricate web of innovation, enterprise, and resilience that defines India's unique approach to the festive season. Industry experts illuminate the path ahead, offering insights that bridge the gap between celebration and economic dynamism.

Shaping consumer behavior &amp;&nbsp;driving sales

As the curtain rises on India's festive season, retailers are gearing up with a formidable arsenal of discounts and innovative financial offerings. These strategies are no longer mere marketing gimmicks; they are dynamic forces shaping consumer behavior and fueling sales to unprecedented heights.

Varun Tangri, CEO- QueueBuster, reveals the strategic intricacies: "India's tier 2 and 3 markets, the heart of festive celebrations, demand affordability and convenience. Discounts and payment offers aren't just attractive; they are essential to boost sales. Implementing effective POS software for seamless checkout with diverse payment options, coupled with robust eStore and CRM solutions for engaging customers, are the keystones of this strategy. Localisation of marketing and responsive customer support are equally pivotal. This year, with India's per capita GDP surpassing $2,500, we anticipate a surge in spending during the festive season, which traditionally spans from August to December-January."

Stimulating the global economy

India's festive season transcends borders; it is a global economic phenomenon. During this period, India experiences an upsurge in consumer spending, notably in sectors such as consumer electronics, mobile phones, F&amp;B, and automobiles. This phase of heightened retail sales further solidifies India's position as the 5th largest retail market globally.

Mr. Tangri underscores the global impact: "International businesses are increasingly recognising the potential of India's festive season. Brands specialising in F&amp;B, gifting, and automobiles strategically align their products and marketing campaigns with this period to capitalise on the surge in consumer spending. This approach extends to international tourism, where foreign visitors contribute significantly to India's economy during the festive season. Moreover, India's festive season acts as a catalyst for exports, particularly in sectors like textiles, handicrafts, and jewelry, boasting growth figures that sometimes exceed 40%. Government initiatives like 'Make in India' and 'Digital India' further facilitate international business engagement during this vibrant time."

The rise of gig workers

The gig economy is on the ascendant in India, and its impact on the festive season dynamics cannot be overstated. Awign, a work-as-a-service platform, anticipates a robust surge of 25% in the gig workforce as the festive momentum builds. Businesses across various sectors are increasingly turning to gig workers to meet the surge in festive demand.&nbsp;

Rohit Gupta, Senior Vice President - Demand at Awign, elaborates, "Given the temporary nature of these requirements, the gig model emerges as the preferred choice for companies. We are currently witnessing a surge in demand from industry leaders across various sectors and are predicting a 25% quarter-on-quarter growth in response to this trend."

Gig workers represent an agile solution, empowering enterprises to adapt their operations seamlessly to meet specific demands. This flexible paradigm enables businesses to address seasonal surges in demand without the need for extensive recruitment, resource management, or training efforts.

Digitisation of corporate gifting

Corporate gifting during India's festive season has undergone a remarkable transformation. While the tradition remains, its expression has evolved, swiftly shifting from tangible to digital. Akash Hegde, Co-Founder, ShakeDeal, notes this trend, "Companies are increasingly opting for gift cards and vouchers as a means to reward and recognise both internal and external stakeholders. This includes employees as well as suppliers, dealers, and channel partners."

As we delve into the facets of strategies, gig workers, and the evolution of corporate gifting, we uncover a tale of resilience, adaptation, and economic transformation that defines India's unique approach to festivity and commerce. This confluence of culture and commerce exemplifies India's ability to transform celebration into a catalyst for economic growth, both domestically and on the world stage.

&nbsp;

WATCH WION LIVE HERE

<iframe allow="accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="350" src="https://www.wionews.com/live-tv/embed?autoplay=1&amp;mute=1" width="100%"></iframe>

As the calendar inches closer to India's much-anticipated festive season, the nation is poised at a juncture where tradition meets transformation, and celebration converges with commerce.

As the calendar inches closer to India's much-anticipated festive season, the nation is poised at a juncture where tradition meets transformation, and celebration converges with commerce. This annual extravaganza transcends mere merriment; it wields the power to reshape India's economic landscape and make ripples across the global business spectrum. Beyond the surface sparkle of lights and festivities, we unveil the intricate web of innovation, enterprise, and resilience that defines India's unique approach to the festive season. Industry experts illuminate the path ahead, offering insights that bridge the gap between celebration and economic dynamism. Shaping consumer behavior & driving sales As the curtain rises on India's festive season, retailers are gearing up with a formidable arsenal of discounts and innovative financial offerings. These strategies are no longer mere marketing gimmicks; they are dynamic forces shaping consumer behavior and fueling sales to unprecedented heights. Varun Tangri, CEO- QueueBuster, reveals the strategic intricacies: "India's tier 2 and 3 markets, the heart of festive celebrations, demand affordability and convenience. Discounts and payment offers aren't just attractive; they are essential to boost sales. Implementing effective POS software for seamless checkout with diverse payment options, coupled with robust eStore and CRM solutions for engaging customers, are the keystones of this strategy. Localisation of marketing and responsive customer support are equally pivotal. This year, with India's per capita GDP surpassing $2,500, we anticipate a surge in spending during the festive season, which traditionally spans from August to December-January." Stimulating the global economy India's festive season transcends borders; it is a global economic phenomenon. During this period, India experiences an upsurge in consumer spending, notably in sectors such as consumer electronics, mobile phones, F&B, and automobiles. This phase of heightened retail sales further solidifies India's position as the 5th largest retail market globally. Mr. Tangri underscores the global impact: "International businesses are increasingly recognising the potential of India's festive season. Brands specialising in F&B, gifting, and automobiles strategically align their products and marketing campaigns with this period to capitalise on the surge in consumer spending. This approach extends to international tourism, where foreign visitors contribute significantly to India's economy during the festive season. Moreover, India's festive season acts as a catalyst for exports, particularly in sectors like textiles, handicrafts, and jewelry, boasting growth figures that sometimes exceed 40%. Government initiatives like 'Make in India' and 'Digital India' further facilitate international business engagement during this vibrant time." The rise of gig workers The gig economy is on the ascendant in India, and its impact on the festive season dynamics cannot be overstated. Awign, a work-as-a-service platform, anticipates a robust surge of 25% in the gig workforce as the festive momentum builds. Businesses across various sectors are increasingly turning to gig workers to meet the surge in festive demand. Rohit Gupta, Senior Vice President - Demand at Awign, elaborates, "Given the temporary nature of these requirements, the gig model emerges as the preferred choice for companies. We are currently witnessing a surge in demand from industry leaders across various sectors and are predicting a 25% quarter-on-quarter growth in response to this trend." Gig workers represent an agile solution, empowering enterprises to adapt their operations seamlessly to meet specific demands. This flexible paradigm enables businesses to address seasonal surges in demand without the need for extensive recruitment, resource management, or training efforts. Digitisation of corporate gifting Corporate gifting during India's festive season has undergone a remarkable transformation. While the tradition remains, its expression has evolved, swiftly shifting from tangible to digital. Akash Hegde, Co-Founder, ShakeDeal, notes this trend, "Companies are increasingly opting for gift cards and vouchers as a means to reward and recognise both internal and external stakeholders. This includes employees as well as suppliers, dealers, and channel partners." As we delve into the facets of strategies, gig workers, and the evolution of corporate gifting, we uncover a tale of resilience, adaptation, and economic transformation that defines India's unique approach to festivity and commerce. This confluence of culture and commerce exemplifies India's ability to transform celebration into a catalyst for economic growth, both domestically and on the world stage. WATCH WION LIVE HERE

Festivals, Shopping, & The Bottom Line: India's upcoming festive season unveiled

As India assumes the role of G20 president, it faces a critical challenge – the brain drain. This phenomenon, marked by the departure of skilled individuals seeking opportunities abroad, is a pressing concern for a nation on the rise. With 85% of global GDP and 75% of international trade under the G20 umbrella, India's leadership brings unprecedented responsibilities.

To understand this intricate issue and explore potential solutions, we turn to&nbsp;Mr. Akshay Chaturvedi, Founder &amp; CEO of LeverageEdu, Fly.finance &amp; Fly Homes. But before we delve into his insights, understanding the issue at hand is important. India's emergence as a global player is undeniable. Its rapidly growing economy and burgeoning pool of young talent are the envy of many nations. However, the brain drain challenge casts a shadow over this promising landscape.

As per the Indian Ministry of External Affairs, the cumulative count of the Indian diaspora, encompassing both Non-Resident Indians (NRIs) and individuals of Indian descent, stands at 32 million. &nbsp;This exodus, while indicative of India's global influence, raises vital questions. How can India, in its G20 presidency, confront the brain drain issue and harness its growing global presence to address this challenge? What strategies can the nation employ to retain talent while respecting individuals' aspirations for global exposure? These questions form the core of our exploration into India's G20 leadership and its pursuit of solutions to the brain drain dilemma.

The Brain Drain phenomenon

The departure of skilled individuals for greener pastures abroad presents a multifaceted challenge. Mr. Chaturvedi offers a unique perspective on this issue, suggesting that the root of the problem lies in the fundamental mismatch between the demand for higher education opportunities and the availability of suitable jobs in India.

Mr. Chaturvedi states, "It’s about how India wins. For the next 10-20 years, the data is right out there to say we don't have enough higher education opportunities for our very large population set, and we don’t have an adequate number of right-fit jobs."

A global ‘Vasudhaiva Kutumbakam’ approach

To tackle this challenge head-on, Mr. Chaturvedi advocates for a global approach. He asks, "Can we take a ‘global Vasudhaiva Kutumbakam stand’ and 'solve for talent' for the rest of the world?" In essence, this approach implies that India can take a leadership role in providing talent to the world, ensuring that Indians succeed on a global scale, which, in turn, benefits the nation.

Balancing retention and aspirations

The brain drain conundrum is not one with a singular solution, and Mr. Chaturvedi acknowledges this complexity. He underscores that India's journey to becoming a $10 trillion economy cannot proceed without the export of services. "Us becoming a talent export hub benefits India," he states, emphasising the importance of Indians succeeding globally. This global Indian cohort contributes significantly to Foreign Institutional Investment (FII) inflows, making their success abroad a critical component of India's prosperity.

Leveraging the Indian Diaspora

India boasts a rich history of a global diaspora that has left an indelible mark in various fields worldwide. Mr. Chaturvedi recognises the importance of tapping into this resource, stating, "Indians abroad play a big role in putting India on the global map. They are no less patriots than those in India." To harness this potential, he suggests policy changes and gestures, such as removing residency extension requirements for Indian expatriates, that can make the return home more attractive.

Reviving FDI and Talent Repatriation

Amid the backdrop of declining Foreign Direct Investment (FDI) in India, Mr. Chaturvedi offers insights into strategies that can encourage investment and talent repatriation. He underscores the significant contributions of international students, who, through their jobs abroad, send substantial FDI back to India. Encouraging this trend can be pivotal in revitalising India's economic landscape.

 
In Mr. Chaturvedi's words, "Our G20 presidency goes on to show the world that we are a force to be reckoned with, but a large majority of that success and global reputation has been built on the backs of hard-working Indians across the globe, so let’s celebrate them in equal measure too."

As India charts its course as the G20 president, the issue of brain drain looms large. However, with innovative thinking and a global perspective, India can turn this challenge into an opportunity. By striking a balance between retaining talent and encouraging global success, leveraging the Indian diaspora, and implementing policies that attract investment and talent, India can unlock its full potential on the world stage and ensure its global competitiveness for years to come.

WATCH WION LIVE HERE

<iframe allow="accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="350" src="https://www.wionews.com/live-tv/embed?autoplay=1&amp;mute=1" width="100%"></iframe>

As India assumes the role of G20 president, it faces a critical challenge – the brain drain. This phenomenon, marked by the departure of skilled individuals seeking opportunities abroad, is a pressing concern for a nation on the rise.

As India assumes the role of G20 president, it faces a critical challenge – the brain drain. This phenomenon, marked by the departure of skilled individuals seeking opportunities abroad, is a pressing concern for a nation on the rise. With 85% of global GDP and 75% of international trade under the G20 umbrella, India's leadership brings unprecedented responsibilities. To understand this intricate issue and explore potential solutions, we turn to Mr. Akshay Chaturvedi, Founder & CEO of LeverageEdu, Fly.finance & Fly Homes. But before we delve into his insights, understanding the issue at hand is important. India's emergence as a global player is undeniable. Its rapidly growing economy and burgeoning pool of young talent are the envy of many nations. However, the brain drain challenge casts a shadow over this promising landscape. As per the Indian Ministry of External Affairs, the cumulative count of the Indian diaspora, encompassing both Non-Resident Indians (NRIs) and individuals of Indian descent, stands at 32 million. This exodus, while indicative of India's global influence, raises vital questions. How can India, in its G20 presidency, confront the brain drain issue and harness its growing global presence to address this challenge? What strategies can the nation employ to retain talent while respecting individuals' aspirations for global exposure? These questions form the core of our exploration into India's G20 leadership and its pursuit of solutions to the brain drain dilemma. The Brain Drain phenomenon The departure of skilled individuals for greener pastures abroad presents a multifaceted challenge. Mr. Chaturvedi offers a unique perspective on this issue, suggesting that the root of the problem lies in the fundamental mismatch between the demand for higher education opportunities and the availability of suitable jobs in India. Mr. Chaturvedi states, "It’s about how India wins. For the next 10-20 years, the data is right out there to say we don't have enough higher education opportunities for our very large population set, and we don’t have an adequate number of right-fit jobs." A global ‘Vasudhaiva Kutumbakam’ approach To tackle this challenge head-on, Mr. Chaturvedi advocates for a global approach. He asks, "Can we take a ‘global Vasudhaiva Kutumbakam stand’ and 'solve for talent' for the rest of the world?" In essence, this approach implies that India can take a leadership role in providing talent to the world, ensuring that Indians succeed on a global scale, which, in turn, benefits the nation. Balancing retention and aspirations The brain drain conundrum is not one with a singular solution, and Mr. Chaturvedi acknowledges this complexity. He underscores that India's journey to becoming a $10 trillion economy cannot proceed without the export of services. "Us becoming a talent export hub benefits India," he states, emphasising the importance of Indians succeeding globally. This global Indian cohort contributes significantly to Foreign Institutional Investment (FII) inflows, making their success abroad a critical component of India's prosperity. Leveraging the Indian Diaspora India boasts a rich history of a global diaspora that has left an indelible mark in various fields worldwide. Mr. Chaturvedi recognises the importance of tapping into this resource, stating, "Indians abroad play a big role in putting India on the global map. They are no less patriots than those in India." To harness this potential, he suggests policy changes and gestures, such as removing residency extension requirements for Indian expatriates, that can make the return home more attractive. Reviving FDI and Talent Repatriation Amid the backdrop of declining Foreign Direct Investment (FDI) in India, Mr. Chaturvedi offers insights into strategies that can encourage investment and talent repatriation. He underscores the significant contributions of international students, who, through their jobs abroad, send substantial FDI back to India. Encouraging this trend can be pivotal in revitalising India's economic landscape. In Mr. Chaturvedi's words, "Our G20 presidency goes on to show the world that we are a force to be reckoned with, but a large majority of that success and global reputation has been built on the backs of hard-working Indians across the globe, so let’s celebrate them in equal measure too." As India charts its course as the G20 president, the issue of brain drain looms large. However, with innovative thinking and a global perspective, India can turn this challenge into an opportunity. By striking a balance between retaining talent and encouraging global success, leveraging the Indian diaspora, and implementing policies that attract investment and talent, India can unlock its full potential on the world stage and ensure its global competitiveness for years to come. WATCH WION LIVE HERE

India's brain drain dilemma: Can G20 leadership turn the tide?

As India assumes the presidency of the G20, it finds itself at the center of global trade discussions, representing 43 member countries that collectively account for 85% of the global GDP, 75% of world trade, and two-thirds of the global population. This position offers both opportunities and challenges, with India aiming to capitalise on the global stage while addressing the pressing issue of rising food prices in the aftermath of the Russia-Ukraine conflict.

Leveraging India's G20 Presidency

Raymond E. Vickery, Former US Assistant Secretary of Commerce for Trade Development and Senior Associate at the Center for Strategic and International Studies, sees India's G20 presidency as a tremendous opportunity. He emphasises that India can become a beacon of hope in a world grappling with protectionism tendencies, with many Western nations increasingly looking inward. India's commitment to multilateralism in trade can help restore faith in institutions like the World Trade Organization (WTO), which are in dire need of strong leadership.

One notable trend Vickery highlights is "Friendshoring," where supply chain networks focus on countries considered political and economic allies. With many countries having strained relations with China, India's diplomacy can play a crucial role in fostering trade partnerships and strengthening its global trade ties.

Addressing rising food prices

The Russia-Ukraine conflict has triggered a global crisis in the aftermath of rising food prices, disrupting food supply chains and raising concerns about food security and inflation. Vickery points out that India can take the lead in addressing this issue during its G20 presidency.

He highlighted the G20 Technical workshop on climate-resilient agriculture conducted in Hyderabad, where the first item on the agenda was to somehow restore the grain agreement deal between the UN, Turkey, and Russia. This deal is a lifeline for many countries, particularly in Africa. However, with Russia's reluctance to revive the agreement, India can step in to show leadership, leveraging its influence as a leader of the global south.

In addition to reviving critical agreements, Vickery suggests that India can play a pivotal role in promoting sustainable production of grains and leveraging its expertise in information technology to ensure fluidity and transparency in grain markets. India's IT capabilities can contribute to solving logistics challenges and promoting efficient global food distribution.

G20's vision for WTO reforms

The G20 has reaffirmed the importance of a rules-based, transparent multilateral trading system, with the WTO at its core. Ten guiding principles, including promoting sustainable development, strengthening the multilateral trading system, and fostering digital trade initiatives, have been outlined.

Vickery acknowledges that the WTO is currently at a standstill, partly due to a lack of conviction in dispute resolution, with some blame placed on the United States. He emphasises the need for quick resolutions and general respect for trade rules. The G20, in his view, is the ideal platform to push for WTO reforms, promote international trade, and bring consensus among its member nations.

As India takes the reins of the G20, it stands at the crossroads of economic opportunity and the challenge of food price volatility. The world watches eagerly for the path forward in global trade as India seeks to leverage its presidency for the benefit of the global economy and food security.

WATCH WION LIVE HERE

<iframe allow="accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="350" src="https://www.wionews.com/live-tv/embed?autoplay=1&amp;mute=1" width="100%"></iframe>

As India assumes the presidency of the G20, it finds itself at the center of global trade discussions, representing 43 member countries that collectively account for 85% of the global GDP, 75% of world trade, and two-thirds of the global population.

As India assumes the presidency of the G20, it finds itself at the center of global trade discussions, representing 43 member countries that collectively account for 85% of the global GDP, 75% of world trade, and two-thirds of the global population. This position offers both opportunities and challenges, with India aiming to capitalise on the global stage while addressing the pressing issue of rising food prices in the aftermath of the Russia-Ukraine conflict. Leveraging India's G20 Presidency Raymond E. Vickery, Former US Assistant Secretary of Commerce for Trade Development and Senior Associate at the Center for Strategic and International Studies, sees India's G20 presidency as a tremendous opportunity. He emphasises that India can become a beacon of hope in a world grappling with protectionism tendencies, with many Western nations increasingly looking inward. India's commitment to multilateralism in trade can help restore faith in institutions like the World Trade Organization (WTO), which are in dire need of strong leadership. One notable trend Vickery highlights is "Friendshoring," where supply chain networks focus on countries considered political and economic allies. With many countries having strained relations with China, India's diplomacy can play a crucial role in fostering trade partnerships and strengthening its global trade ties. Addressing rising food prices The Russia-Ukraine conflict has triggered a global crisis in the aftermath of rising food prices, disrupting food supply chains and raising concerns about food security and inflation. Vickery points out that India can take the lead in addressing this issue during its G20 presidency. He highlighted the G20 Technical workshop on climate-resilient agriculture conducted in Hyderabad, where the first item on the agenda was to somehow restore the grain agreement deal between the UN, Turkey, and Russia. This deal is a lifeline for many countries, particularly in Africa. However, with Russia's reluctance to revive the agreement, India can step in to show leadership, leveraging its influence as a leader of the global south. In addition to reviving critical agreements, Vickery suggests that India can play a pivotal role in promoting sustainable production of grains and leveraging its expertise in information technology to ensure fluidity and transparency in grain markets. India's IT capabilities can contribute to solving logistics challenges and promoting efficient global food distribution. G20's vision for WTO reforms The G20 has reaffirmed the importance of a rules-based, transparent multilateral trading system, with the WTO at its core. Ten guiding principles, including promoting sustainable development, strengthening the multilateral trading system, and fostering digital trade initiatives, have been outlined. Vickery acknowledges that the WTO is currently at a standstill, partly due to a lack of conviction in dispute resolution, with some blame placed on the United States. He emphasises the need for quick resolutions and general respect for trade rules. The G20, in his view, is the ideal platform to push for WTO reforms, promote international trade, and bring consensus among its member nations. As India takes the reins of the G20, it stands at the crossroads of economic opportunity and the challenge of food price volatility. The world watches eagerly for the path forward in global trade as India seeks to leverage its presidency for the benefit of the global economy and food security. WATCH WION LIVE HERE

India's G20 Presidency: Leveraging trade opportunities amid global uncertainty

India, often lauded for its burgeoning young population, stands on the brink of a demographic dividend that promises transformative economic growth. This potential, however, faces a critical test as the recent Mercer/Mettl report paints a sobering picture of the country's employability landscape. Titled 'India's Graduate Skill Index: 2023,' the report meticulously evaluated 2,500 campuses and 440,000 learners, revealing a startling reality: only 45% of Indian graduates possess the skills that align with the rapidly evolving industry demands. In a nation where the demographic dividend has long been heralded as a strategic advantage, this revelation prompts a reevaluation of how India can effectively leverage its youthful workforce to fuel economic prosperity.

Meet the experts: Gurpreet Singh and Jaideep Kewalramani

In the pursuit of deeper insights, we turn to two industry experts who shed light on India's employability challenges and potential solutions. Gurpreet Singh, the Co-founder and Chief Business Officer of Awign, a work fulfillment platform, offers a dynamic perspective shaped by his experience in the corporate arena. Jaideep Kewalramani, the Head of Employability and COO at TeamLease Edtech, brings a comprehensive understanding of employability trends and workforce dynamics. Through their nuanced viewpoints, we embark on a journey to decipher the complex interplay between India's demographic dividend and its employability realities.

Capitalising on the demographic dividend

India's employability gap, as illuminated by the Mercer/Mettl report, raises a critical question: Can the nation fully capitalise on its demographic dividend or risk squandering a momentous opportunity? According to Gurpreet Singh, the foremost challenge lies in the misalignment between the skills imparted by educational institutions and those demanded by employers. This profound disconnect creates a skill gap that leaves job seekers ill-equipped to navigate the swiftly evolving business landscape driven by technological advancements. Singh calls for a comprehensive overhaul of education and skill development, where the academic curriculum is recalibrated to align seamlessly with industry needs. While the government has taken noteworthy steps, such as the National Education Policy and Skill India initiatives, Singh emphasises that all stakeholders – educational institutes, businesses, and policymakers – must collaborate to bridge the employability gap.

Echoing this sentiment, Jaideep Kewalramani underscores the urgency of reimagining higher education in India. He advocates for the integration of real-world work experience into academic programs, a model that allows students to gain practical skills while pursuing online education. This approach, Kewalramani contends, not only addresses the employability challenge but also harnesses India's demographic dividend to its fullest potential. Both experts converge on the idea that unlocking India's demographic dividend requires aligning education with industry and nurturing job-ready graduates equipped with the skills demanded by the 21st-century job market.

Gig working: Pioneering a new era of employment

The rise of the gig economy emerges as a pivotal solution in enhancing employability and harnessing the demographic dividend. Jaideep Kewalramani looks at the gig economy as a transformative force that challenges conventional notions of employment. He stresses that gig work and freelancing should be considered legitimate avenues for work, offering flexibility, autonomy, and valuable skill development. This paradigm shift, Kewalramani asserts, is indicative of the evolving nature of employment in the digital age.

Gurpreet Singh emphasizes that the gig economy presents a unique avenue to expand employment opportunities for India's youth. As job seekers and enterprises increasingly embrace the gig economy, the entry barriers are lowered, providing unemployed graduates the chance to contribute their skills to the workforce. Singh predicts that the gig economy could potentially generate up to 90 million jobs in the next decade, presenting a significant opportunity for economic growth and individual empowerment. Both experts see the gig economy as a powerful tool to bridge the employability gap by providing diverse work opportunities that align with the skills of India's youth.

Quality of new hires and emerging trends

The question of the quality of new hires and the evolving employment landscape takes center stage in the discussion of India's employability. Gurpreet Singh's insights bring reassurance, dispelling concerns about declining new hire quality. He cites a diverse and rigorous talent pool, indicative of the evolving workforce dynamics. Singh also highlights a trend toward project-based talent acquisition through the gig economy, especially in the tech sector. This shift reflects the changing demands of industries and the increasing need for specialized skills.

Jaideep Kewalramani provides a more holistic perspective, acknowledging the generational shift occurring in the workforce. He notes that as the Gen Z population grows, traditional notions of workplace engagement, communication, and motivation need to evolve. Kewalramani emphasises that businesses are now focusing on building a future-ready talent supply chain rather than just addressing immediate workforce needs. This aligns with the changing employment landscape, where adaptability, continuous learning, and technology proficiency are increasingly valued.

Tier-wise college hiring: Dismantling traditional notions

The Mercer/Mettl report's revelation that employability does not substantially differ between graduates from tier 1 and tier 2 or 3 colleges challenges conventional hiring paradigms. Jaideep Kewalramani's insights suggest that this trend is well underway. He hints at the already expanding practice of corporations hiring from tier 2, 3, and even 4 locations with successful outcomes. Kewalramani suggests that this trend is set to escalate further as businesses realize the potential of untapped talent across the nation. He implies that Talent mobility will be crucial in reshaping the employability landscape, bringing individuals from diverse backgrounds to the forefront of India's economic growth. He also mentioned Platforms like Digivarsity, which offer&nbsp;work-integrated degree programs and&nbsp;solve issues of talent acquisition, deployment, and retention.

Gurpreet Singh contends that this shift indicates a broader trend in the employment landscape. Employers focus more on candidates' skills and capabilities than their educational pedigree. Singh highlights a growing recognition of the value that diverse perspectives and talents from different geographical regions can bring to businesses. This signals a departure from the historical reliance on top-tier institutions.

Conclusion: Navigating the path forward

In the face of challenges, a blueprint emerges for success – aligning education with industry, embracing the gig economy, adapting to generational shifts, and recognizing talent irrespective of college tiers. The road to capitalising on India's demographic dividend demands collaboration, innovation, and a willingness to reimagine conventional norms. As India looks to the future, it stands at a pivotal juncture where harnessing the potential of its youthful workforce is not only a necessity but a transformative opportunity for sustainable growth and global competitiveness. Through collective effort and strategic action, India's demographic dividend can truly become the cornerstone of a thriving economy.

WATCH WION LIVE HERE

<iframe allow="accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="350" src="https://www.wionews.com/live-tv/embed?autoplay=1&amp;mute=1" width="100%"></iframe>

India, often lauded for its burgeoning young population, stands on the brink of a demographic dividend that promises transformative economic growth. This potential, however, faces a critical test as the recent Mercer/Mettl report paints a sobering picture of the country's employability landscape.

India, often lauded for its burgeoning young population, stands on the brink of a demographic dividend that promises transformative economic growth. This potential, however, faces a critical test as the recent Mercer/Mettl report paints a sobering picture of the country's employability landscape. Titled 'India's Graduate Skill Index: 2023,' the report meticulously evaluated 2,500 campuses and 440,000 learners, revealing a startling reality: only 45% of Indian graduates possess the skills that align with the rapidly evolving industry demands. In a nation where the demographic dividend has long been heralded as a strategic advantage, this revelation prompts a reevaluation of how India can effectively leverage its youthful workforce to fuel economic prosperity. Meet the experts: Gurpreet Singh and Jaideep Kewalramani In the pursuit of deeper insights, we turn to two industry experts who shed light on India's employability challenges and potential solutions. Gurpreet Singh, the Co-founder and Chief Business Officer of Awign, a work fulfillment platform, offers a dynamic perspective shaped by his experience in the corporate arena. Jaideep Kewalramani, the Head of Employability and COO at TeamLease Edtech, brings a comprehensive understanding of employability trends and workforce dynamics. Through their nuanced viewpoints, we embark on a journey to decipher the complex interplay between India's demographic dividend and its employability realities. Capitalising on the demographic dividend India's employability gap, as illuminated by the Mercer/Mettl report, raises a critical question: Can the nation fully capitalise on its demographic dividend or risk squandering a momentous opportunity? According to Gurpreet Singh, the foremost challenge lies in the misalignment between the skills imparted by educational institutions and those demanded by employers. This profound disconnect creates a skill gap that leaves job seekers ill-equipped to navigate the swiftly evolving business landscape driven by technological advancements. Singh calls for a comprehensive overhaul of education and skill development, where the academic curriculum is recalibrated to align seamlessly with industry needs. While the government has taken noteworthy steps, such as the National Education Policy and Skill India initiatives, Singh emphasises that all stakeholders – educational institutes, businesses, and policymakers – must collaborate to bridge the employability gap. Echoing this sentiment, Jaideep Kewalramani underscores the urgency of reimagining higher education in India. He advocates for the integration of real-world work experience into academic programs, a model that allows students to gain practical skills while pursuing online education. This approach, Kewalramani contends, not only addresses the employability challenge but also harnesses India's demographic dividend to its fullest potential. Both experts converge on the idea that unlocking India's demographic dividend requires aligning education with industry and nurturing job-ready graduates equipped with the skills demanded by the 21st-century job market. Gig working: Pioneering a new era of employment The rise of the gig economy emerges as a pivotal solution in enhancing employability and harnessing the demographic dividend. Jaideep Kewalramani looks at the gig economy as a transformative force that challenges conventional notions of employment. He stresses that gig work and freelancing should be considered legitimate avenues for work, offering flexibility, autonomy, and valuable skill development. This paradigm shift, Kewalramani asserts, is indicative of the evolving nature of employment in the digital age. Gurpreet Singh emphasizes that the gig economy presents a unique avenue to expand employment opportunities for India's youth. As job seekers and enterprises increasingly embrace the gig economy, the entry barriers are lowered, providing unemployed graduates the chance to contribute their skills to the workforce. Singh predicts that the gig economy could potentially generate up to 90 million jobs in the next decade, presenting a significant opportunity for economic growth and individual empowerment. Both experts see the gig economy as a powerful tool to bridge the employability gap by providing diverse work opportunities that align with the skills of India's youth. Quality of new hires and emerging trends The question of the quality of new hires and the evolving employment landscape takes center stage in the discussion of India's employability. Gurpreet Singh's insights bring reassurance, dispelling concerns about declining new hire quality. He cites a diverse and rigorous talent pool, indicative of the evolving workforce dynamics. Singh also highlights a trend toward project-based talent acquisition through the gig economy, especially in the tech sector. This shift reflects the changing demands of industries and the increasing need for specialized skills. Jaideep Kewalramani provides a more holistic perspective, acknowledging the generational shift occurring in the workforce. He notes that as the Gen Z population grows, traditional notions of workplace engagement, communication, and motivation need to evolve. Kewalramani emphasises that businesses are now focusing on building a future-ready talent supply chain rather than just addressing immediate workforce needs. This aligns with the changing employment landscape, where adaptability, continuous learning, and technology proficiency are increasingly valued. Tier-wise college hiring: Dismantling traditional notions The Mercer/Mettl report's revelation that employability does not substantially differ between graduates from tier 1 and tier 2 or 3 colleges challenges conventional hiring paradigms. Jaideep Kewalramani's insights suggest that this trend is well underway. He hints at the already expanding practice of corporations hiring from tier 2, 3, and even 4 locations with successful outcomes. Kewalramani suggests that this trend is set to escalate further as businesses realize the potential of untapped talent across the nation. He implies that Talent mobility will be crucial in reshaping the employability landscape, bringing individuals from diverse backgrounds to the forefront of India's economic growth. He also mentioned Platforms like Digivarsity, which offer work-integrated degree programs and solve issues of talent acquisition, deployment, and retention. Gurpreet Singh contends that this shift indicates a broader trend in the employment landscape. Employers focus more on candidates' skills and capabilities than their educational pedigree. Singh highlights a growing recognition of the value that diverse perspectives and talents from different geographical regions can bring to businesses. This signals a departure from the historical reliance on top-tier institutions. Conclusion: Navigating the path forward In the face of challenges, a blueprint emerges for success – aligning education with industry, embracing the gig economy, adapting to generational shifts, and recognizing talent irrespective of college tiers. The road to capitalising on India's demographic dividend demands collaboration, innovation, and a willingness to reimagine conventional norms. As India looks to the future, it stands at a pivotal juncture where harnessing the potential of its youthful workforce is not only a necessity but a transformative opportunity for sustainable growth and global competitiveness. Through collective effort and strategic action, India's demographic dividend can truly become the cornerstone of a thriving economy. WATCH WION LIVE HERE

Decoding India's Employability: Unlocking the potential of India's demographic dividend

In the grand tapestry of our rapidly evolving world, technology has taken on the role of a master, orchestrating transformative change across every sector. Amid this ongoing symphony of innovation, one crescendo stands out—the rise of Artificial Intelligence (AI). This ingenious creation, with its multifaceted capabilities, has become a driving force in reshaping industries, heralding a new era of possibilities. From healthcare to finance, entertainment to logistics, AI's presence is deeply ingrained, redefining how we work and perceive the world around us. In this symphony of technological advancement, the realm of news production emerges as a captivating overture, as AI's influence intertwines with the nuanced art of journalism.

The Newsroom's Metamorphosis: AI's role in the journalistic odyssey

As we traverse this dynamic landscape, one cannot help but marvel at how AI has permeated industries, fundamentally altering conventional norms and processes. Within this context, journalism has also experienced a paradigm shift—an evolution that simultaneously raises questions and beckons opportunities. The integration of AI within the intricate fabric of news production is a topic of both fascination and debate. It's within this complex interplay of innovation and tradition that we engage in a thought-provoking conversation with Jaspreet Bindra, founder of Tech Whisperer Ltd. UK and a visionary at the intersection of digital transformation and emerging technologies.

'Hybrid is the future'

As we peer into the crystal ball of AI's future in news media, Jaspreet's reassuring words echo, 'I don't see a future where AI anchors could completely replace human anchors.' AI is not the evil set to take over but a powerful ally that magnifies the capabilities of human journalists. Bindra believes that by handling repetitive tasks and data analysis, AI clears the path for journalists to soar to new heights of creativity and empathy.

The human touch, the delicate nuances of emotion, the sheer artistry of storytelling—it is this very essence that AI lacks. Thus, we could be transitioning into a future where AI can solve complex problems while humans add emotion to the story that resonates deeply with the audience.&nbsp;

AI's empowering role in news production

Step backstage into the newsroom, and you'll find AI donning the role of a diligent assistant, empowering journalists to deliver their finest work. 'AI can do better analysis and help journalists deliver news faster,' Bindra emphasises. Armed with AI's prowess, journalists gain access to an ocean of data, enabling them to unravel intricate global trends and unearth hidden insights.

It's akin to equipping reporters with a superpower—a technology that sees beyond the surface, enabling the interpretation of complex trends accurately and quickly. This collaboration between AI and journalists unlocks the potential for comprehensive reporting, offering audiences a kaleidoscope of perspectives on the most intricate issues.

The evolving role of AI anchors

AI anchors have stepped into the limelight in the relentless march of technology, but Jaspreet Bindra explains how AI anchors could offer specific roles in news delivery, providing real-time data visualisation and personalised content presentation. 'AI anchors excel at data-driven news delivery, ensuring accuracy and efficiency,' says Bindra. This synergy of AI precision and human charm is the future.

Navigating&nbsp;ethical waters: Personalisation and Bias

In the era of hyper-personalisation, AI's ability to cater news content to individual preferences may seem like a utopian dream come true. However, amid the allure, ethical considerations loom large. Bindra acknowledges this tightrope walk but also asserts that AI's personalised news delivery can be less biased as more 'synthetic' data flows in. According to Bindra, Human journalists are hardly free from biases, while an AI journalist can be more objective as it evolves. Responsible use of AI can ensure that audiences receive personalised news without being trapped in a one-sided narrative. This symbiotic relationship between AI and ethics could eventually create a virtuous circle, enriching the news consumption experience.

 
We can thus expect a scenario of synergy as AI amplifies the brilliance of human journalists rather than replacing them. This partnership stands on human creativity and empathy while leveraging AI's analytical prowess and personalisation. The complexities of AI in news media, with Jaspreet Bindra as our guide, highlight the importance of innovation and trust—the two most important values to grow and nourish.

WATCH WION LIVE HERE

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In the grand tapestry of our rapidly evolving world, technology has taken on the role of a master, orchestrating transformative change across every sector. Amid this ongoing symphony of innovation, one crescendo stands out—the rise of Artificial Intelligence (AI).

In the grand tapestry of our rapidly evolving world, technology has taken on the role of a master, orchestrating transformative change across every sector. Amid this ongoing symphony of innovation, one crescendo stands out—the rise of Artificial Intelligence (AI). This ingenious creation, with its multifaceted capabilities, has become a driving force in reshaping industries, heralding a new era of possibilities. From healthcare to finance, entertainment to logistics, AI's presence is deeply ingrained, redefining how we work and perceive the world around us. In this symphony of technological advancement, the realm of news production emerges as a captivating overture, as AI's influence intertwines with the nuanced art of journalism. The Newsroom's Metamorphosis: AI's role in the journalistic odyssey As we traverse this dynamic landscape, one cannot help but marvel at how AI has permeated industries, fundamentally altering conventional norms and processes. Within this context, journalism has also experienced a paradigm shift—an evolution that simultaneously raises questions and beckons opportunities. The integration of AI within the intricate fabric of news production is a topic of both fascination and debate. It's within this complex interplay of innovation and tradition that we engage in a thought-provoking conversation with Jaspreet Bindra, founder of Tech Whisperer Ltd. UK and a visionary at the intersection of digital transformation and emerging technologies. 'Hybrid is the future' As we peer into the crystal ball of AI's future in news media, Jaspreet's reassuring words echo, 'I don't see a future where AI anchors could completely replace human anchors.' AI is not the evil set to take over but a powerful ally that magnifies the capabilities of human journalists. Bindra believes that by handling repetitive tasks and data analysis, AI clears the path for journalists to soar to new heights of creativity and empathy. The human touch, the delicate nuances of emotion, the sheer artistry of storytelling—it is this very essence that AI lacks. Thus, we could be transitioning into a future where AI can solve complex problems while humans add emotion to the story that resonates deeply with the audience. AI's empowering role in news production Step backstage into the newsroom, and you'll find AI donning the role of a diligent assistant, empowering journalists to deliver their finest work. 'AI can do better analysis and help journalists deliver news faster,' Bindra emphasises. Armed with AI's prowess, journalists gain access to an ocean of data, enabling them to unravel intricate global trends and unearth hidden insights. It's akin to equipping reporters with a superpower—a technology that sees beyond the surface, enabling the interpretation of complex trends accurately and quickly. This collaboration between AI and journalists unlocks the potential for comprehensive reporting, offering audiences a kaleidoscope of perspectives on the most intricate issues. The evolving role of AI anchors AI anchors have stepped into the limelight in the relentless march of technology, but Jaspreet Bindra explains how AI anchors could offer specific roles in news delivery, providing real-time data visualisation and personalised content presentation. 'AI anchors excel at data-driven news delivery, ensuring accuracy and efficiency,' says Bindra. This synergy of AI precision and human charm is the future. Navigating ethical waters: Personalisation and Bias In the era of hyper-personalisation, AI's ability to cater news content to individual preferences may seem like a utopian dream come true. However, amid the allure, ethical considerations loom large. Bindra acknowledges this tightrope walk but also asserts that AI's personalised news delivery can be less biased as more 'synthetic' data flows in. According to Bindra, Human journalists are hardly free from biases, while an AI journalist can be more objective as it evolves. Responsible use of AI can ensure that audiences receive personalised news without being trapped in a one-sided narrative. This symbiotic relationship between AI and ethics could eventually create a virtuous circle, enriching the news consumption experience. We can thus expect a scenario of synergy as AI amplifies the brilliance of human journalists rather than replacing them. This partnership stands on human creativity and empathy while leveraging AI's analytical prowess and personalisation. The complexities of AI in news media, with Jaspreet Bindra as our guide, highlight the importance of innovation and trust—the two most important values to grow and nourish. WATCH WION LIVE HERE

Unveiling the harmonious blend: Human journalists and AI in shaping news media's future

India has made remarkable progress in its fight against multidimensional poverty, according to the latest report released by the National Institution for Transforming India (NITI Aayog). The report, titled 'National Multidimensional Poverty Index: A Progress Review 2023', reveals that an unprecedented 13.5 crore people moved out of multidimensional poverty between 2015-16 and 2019-21. This achievement places India well ahead of its 2030 target for reducing poverty under the Sustainable Development Goals (SDGs).

The NITI Aayog's second edition of the National Multidimensional Poverty Index (MPI) is based on data from the latest National Family Health Survey [NFHS-5 (2019-21)], comparing progress between the surveys NFHS-4 (2015-16) and NFHS-5 (2019-21). The MPI measures deprivations across three equally weighted dimensions: health, education, and standard of living, represented by 12 indicators aligned with the SDGs.

Notably, India has witnessed a significant decline of 9.89 percentage points in the number of multidimensionally poor individuals, reducing from 24.85 per cent in 2015-16 to 14.96 per cent in 2019-21. The rural areas have shown the fastest decline, with poverty decreasing from 32.59 per cent to 19.28 per cent, while urban areas experienced a reduction from 8.65 per cent to 5.27 per cent. Uttar Pradesh, in particular, stands out, with 3.43 crore people successfully escaping multidimensional poverty during this period. States like Bihar, Madhya Pradesh, Odisha, and Rajasthan also demonstrated substantial progress in reducing poverty rates.

Scaling India's SDG 'Summit'

The report highlights that the MPI value has nearly halved from 0.117 to 0.066 between 2015-16 and 2019-21, and the intensity of poverty has declined from 47 per cent to 44 per cent, signaling India's significant progress towards achieving SDG Target 1.2 well before the 2030 deadline.

The success in combating multidimensional poverty can be attributed to the government's strategic focus on ensuring sustainable and equitable development while eradicating poverty. Various flagship programs have played a crucial role in this achievement. Initiatives such as the Poshan Abhiyan and Anaemia Mukt Bharat have contributed to improved health indicators. At the same time, the Swachh Bharat Mission (SBM) and Jal Jeevan Mission (JJM) have resulted in enhanced sanitation and access to clean drinking water.

Furthermore, the Pradhan Mantri Ujjwala Yojana (PMUY), which provides subsidized cooking fuel, has transformed lives with a 14.6 percentage point improvement in cooking fuel deprivations. The Saubhagya, Pradhan Mantri Awas Yojana (PMAY), Pradhan Mantri Jan Dhan Yojana (PMJDY), and Samagra Shiksha programs have also played instrumental roles in reducing multidimensional poverty across the country.

The NITI Aayog report offers multidimensional poverty estimates for the 36 States and Union Territories and 707 Administrative Districts, providing valuable insights for targeted interventions in regions with higher poverty rates.

The progress achieved in extremely low deprivation rates, especially in access to electricity, bank accounts, and drinking water, reflects the government's unwavering commitment to improving citizens' lives and fostering a brighter future for all.

India has made remarkable progress in its fight against multidimensional poverty, according to the latest report released by the National Institution for Transforming India (NITI Aayog).

India has made remarkable progress in its fight against multidimensional poverty, according to the latest report released by the National Institution for Transforming India (NITI Aayog). The report, titled 'National Multidimensional Poverty Index: A Progress Review 2023', reveals that an unprecedented 13.5 crore people moved out of multidimensional poverty between 2015-16 and 2019-21. This achievement places India well ahead of its 2030 target for reducing poverty under the Sustainable Development Goals (SDGs). The NITI Aayog's second edition of the National Multidimensional Poverty Index (MPI) is based on data from the latest National Family Health Survey [NFHS-5 (2019-21)], comparing progress between the surveys NFHS-4 (2015-16) and NFHS-5 (2019-21). The MPI measures deprivations across three equally weighted dimensions: health, education, and standard of living, represented by 12 indicators aligned with the SDGs. Notably, India has witnessed a significant decline of 9.89 percentage points in the number of multidimensionally poor individuals, reducing from 24.85 per cent in 2015-16 to 14.96 per cent in 2019-21. The rural areas have shown the fastest decline, with poverty decreasing from 32.59 per cent to 19.28 per cent, while urban areas experienced a reduction from 8.65 per cent to 5.27 per cent. Uttar Pradesh, in particular, stands out, with 3.43 crore people successfully escaping multidimensional poverty during this period. States like Bihar, Madhya Pradesh, Odisha, and Rajasthan also demonstrated substantial progress in reducing poverty rates. Scaling India's SDG 'Summit' The report highlights that the MPI value has nearly halved from 0.117 to 0.066 between 2015-16 and 2019-21, and the intensity of poverty has declined from 47 per cent to 44 per cent, signaling India's significant progress towards achieving SDG Target 1.2 well before the 2030 deadline. The success in combating multidimensional poverty can be attributed to the government's strategic focus on ensuring sustainable and equitable development while eradicating poverty. Various flagship programs have played a crucial role in this achievement. Initiatives such as the Poshan Abhiyan and Anaemia Mukt Bharat have contributed to improved health indicators. At the same time, the Swachh Bharat Mission (SBM) and Jal Jeevan Mission (JJM) have resulted in enhanced sanitation and access to clean drinking water. Furthermore, the Pradhan Mantri Ujjwala Yojana (PMUY), which provides subsidized cooking fuel, has transformed lives with a 14.6 percentage point improvement in cooking fuel deprivations. The Saubhagya, Pradhan Mantri Awas Yojana (PMAY), Pradhan Mantri Jan Dhan Yojana (PMJDY), and Samagra Shiksha programs have also played instrumental roles in reducing multidimensional poverty across the country. The NITI Aayog report offers multidimensional poverty estimates for the 36 States and Union Territories and 707 Administrative Districts, providing valuable insights for targeted interventions in regions with higher poverty rates. The progress achieved in extremely low deprivation rates, especially in access to electricity, bank accounts, and drinking water, reflects the government's unwavering commitment to improving citizens' lives and fostering a brighter future for all.

Mission Possible: India's multidimensional poverty plummets ahead of schedule

Finance executives at top British companies are displaying increasing caution due to concerns over high inflation and rising interest rates. According to a quarterly survey conducted by Deloitte, optimism levels among chief financial officers (CFOs) have sharply declined, resulting in a significant shift in sentiment. CFOs now anticipate a slowdown in hiring and pay growth as they grapple with inflationary pressures and tightening monetary policies.

Key Findings

The Deloitte survey revealed that CFOs' optimism levels decreased by 35 percentage points, from a positive 25 to a negative 10, over the course of three months. Reuters cited Deloitte's chief economist, Ian Stewart, who noted that the initial burst of business optimism seen in the spring has diminished due to inflation and rising interest rates.

Finance leaders of major UK firms expressed concerns regarding tight monetary policies, considering them the greatest threat to their businesses. The cost of credit is perceived to be the highest since the credit crunch in 2009. Geopolitical uncertainties and energy prices, which had dominated concerns in recent years, took a backseat to the perceived impact of monetary policy.

CFOs displayed a preference for employees to spend more time in the office, with a net 50 per cent predicting increased office presence in the next two years. This change in sentiment reflects a shift towards cost reduction and cash control among corporations.

Labour Market and Wage Growth

The survey also highlighted early signs of cooling in the labour market, with CFOs signaling reduced recruitment difficulties and decreased wage growth. The Bank of England, concerned about the pace of wage growth contributing to inflationary pressures, is closely monitoring the labour market ahead of its decision on whether to raise borrowing costs for the 14th consecutive time on August 3.

Focus on Tight Monetary Policy

The Deloitte survey, based on responses from 69 CFOs (including 13 from FTSE 100 firms and 21 from FTSE 250 companies), highlighted the growing significance of tight monetary policy as the primary threat to businesses. This surpasses concerns related to geopolitics and energy prices, which have dominated for the past two years.

Call for Green Growth Opportunities

In a separate report cited by Reuters, the Confederation of British Industry (CBI) emphasised the potential for green growth to benefit the UK economy. The CBI estimated that capitalizing on green growth opportunities could boost up to £57 billion ($75 billion), equivalent to 2.4 per cent of GDP, by 2030. The organization urged the government to create a clear and stable policy environment and offer investment incentives to support the realisation of this potential.

CBI Director-General Rain Newton-Smith emphasised the importance of all political parties prioritising green growth in their manifestos as a pivotal general election approach.

Finance executives at top British companies are displaying increasing caution due to concerns over high inflation and rising interest rates. According to a quarterly survey conducted by Deloitte, optimism levels among chief financial officers (CFOs) have sharply declined, resulting in a significant shift in sentiment.

Finance executives at top British companies are displaying increasing caution due to concerns over high inflation and rising interest rates. According to a quarterly survey conducted by Deloitte, optimism levels among chief financial officers (CFOs) have sharply declined, resulting in a significant shift in sentiment. CFOs now anticipate a slowdown in hiring and pay growth as they grapple with inflationary pressures and tightening monetary policies. Key Findings The Deloitte survey revealed that CFOs' optimism levels decreased by 35 percentage points, from a positive 25 to a negative 10, over the course of three months. Reuters cited Deloitte's chief economist, Ian Stewart, who noted that the initial burst of business optimism seen in the spring has diminished due to inflation and rising interest rates. Finance leaders of major UK firms expressed concerns regarding tight monetary policies, considering them the greatest threat to their businesses. The cost of credit is perceived to be the highest since the credit crunch in 2009. Geopolitical uncertainties and energy prices, which had dominated concerns in recent years, took a backseat to the perceived impact of monetary policy. CFOs displayed a preference for employees to spend more time in the office, with a net 50 per cent predicting increased office presence in the next two years. This change in sentiment reflects a shift towards cost reduction and cash control among corporations. Labour Market and Wage Growth The survey also highlighted early signs of cooling in the labour market, with CFOs signaling reduced recruitment difficulties and decreased wage growth. The Bank of England, concerned about the pace of wage growth contributing to inflationary pressures, is closely monitoring the labour market ahead of its decision on whether to raise borrowing costs for the 14th consecutive time on August 3. Focus on Tight Monetary Policy The Deloitte survey, based on responses from 69 CFOs (including 13 from FTSE 100 firms and 21 from FTSE 250 companies), highlighted the growing significance of tight monetary policy as the primary threat to businesses. This surpasses concerns related to geopolitics and energy prices, which have dominated for the past two years. Call for Green Growth Opportunities In a separate report cited by Reuters, the Confederation of British Industry (CBI) emphasised the potential for green growth to benefit the UK economy. The CBI estimated that capitalizing on green growth opportunities could boost up to £57 billion ($75 billion), equivalent to 2.4 per cent of GDP, by 2030. The organization urged the government to create a clear and stable policy environment and offer investment incentives to support the realisation of this potential. CBI Director-General Rain Newton-Smith emphasised the importance of all political parties prioritising green growth in their manifestos as a pivotal general election approach.

CFOs lose their optimistic mojo: Inflation woes and interest rates dampen spirits

India's agricultural sector is grappling with the repercussions of erratic weather patterns, leading to uneven rainfall distribution across the country.&nbsp;This unpredictability has sent shockwaves through the agricultural landscape, raising concerns about crop production and its inevitable impact on food prices. The concentration of excessive rainfall in some regions and deficiencies in others creates a complex and challenging scenario for farmers and consumers alike.

The consequences of such erratic weather are far-reaching.&nbsp;

Excess rains in key agricultural areas like Punjab, Haryana, and western Uttar Pradesh are expected to benefit high-yielding crops, such as rice.&nbsp; However, the story takes a different turn in regions like Andhra Pradesh, Telangana, Karnataka, and West Bengal, where deficient rainfall threatens the production of rice, a staple in many Indian households. This disparity in rainfall distribution has far-reaching implications for crop yields and ultimately impacts the stability of food prices.&nbsp;

Beyond rice, other essential crops like sugarcane also bear the brunt of unpredictable weather. Vegetables and pulses, in particular, experience price volatility due to climate issues, floods, and droughts. Additionally, the production of pulses like tur faces challenges, potentially resulting in price spikes. Tomatoes, a kitchen staple, have witnessed soaring prices, driven by a combination of adverse weather conditions and supply chain disruptions.&nbsp;

In response to the rising prices of essential commodities, the government has taken measures to stabilize the markets. Efforts are underway to procure tomatoes from different states and redistribute them in areas where prices have surged the most.&nbsp;

Looking ahead, the arrival of new crop supplies from Maharashtra and Madhya Pradesh is anticipated to provide relief in the coming weeks. These fresh inflows of agricultural produce should help stabilize prices and ease the pressure on consumers.&nbsp;However, the path to sustained stability remains uncertain, as the unpredictability of weather patterns continues to pose challenges for the agricultural sector.&nbsp;

India's agricultural sector is grappling with the repercussions of erratic weather patterns, leading to uneven rainfall distribution across the country. This unpredictability has sent shockwaves through the agricultural landscape, raising concerns about crop production and its inevitable impact on food prices.

India's agricultural sector is grappling with the repercussions of erratic weather patterns, leading to uneven rainfall distribution across the country. This unpredictability has sent shockwaves through the agricultural landscape, raising concerns about crop production and its inevitable impact on food prices. The concentration of excessive rainfall in some regions and deficiencies in others creates a complex and challenging scenario for farmers and consumers alike. The consequences of such erratic weather are far-reaching. Excess rains in key agricultural areas like Punjab, Haryana, and western Uttar Pradesh are expected to benefit high-yielding crops, such as rice. However, the story takes a different turn in regions like Andhra Pradesh, Telangana, Karnataka, and West Bengal, where deficient rainfall threatens the production of rice, a staple in many Indian households. This disparity in rainfall distribution has far-reaching implications for crop yields and ultimately impacts the stability of food prices. Beyond rice, other essential crops like sugarcane also bear the brunt of unpredictable weather. Vegetables and pulses, in particular, experience price volatility due to climate issues, floods, and droughts. Additionally, the production of pulses like tur faces challenges, potentially resulting in price spikes. Tomatoes, a kitchen staple, have witnessed soaring prices, driven by a combination of adverse weather conditions and supply chain disruptions. In response to the rising prices of essential commodities, the government has taken measures to stabilize the markets. Efforts are underway to procure tomatoes from different states and redistribute them in areas where prices have surged the most. Looking ahead, the arrival of new crop supplies from Maharashtra and Madhya Pradesh is anticipated to provide relief in the coming weeks. These fresh inflows of agricultural produce should help stabilize prices and ease the pressure on consumers. However, the path to sustained stability remains uncertain, as the unpredictability of weather patterns continues to pose challenges for the agricultural sector.

Decoded: Erratic weather patterns across India is bad news for food prices

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Zee News Rajasthan

Editor

Hardik Bhardwaj

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