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Business Today India

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June 25, 2023

Cricket Is Seeing ₹1 Lakh Crore Being Invested In The Space In The Next Few Years. There Is No Indication Of Interest Waning. But Will The Investments Pay Off?

- KRISHNA GOPALAN

Money Games

THE TIPPING POINT. Yes, we know it is a book by Malcolm Gladwell. But we don’t know if Mahendra Singh Dhoni has read it. What we do know is that this legendary wicketkeeper-batsman marshalled a relatively young and inexperienced team that ultimately led to the tipping point for Indian cricket’s burst into the modern era and dominance since. On a warm afternoon on September 24, 2007, Pakistan were within touching distance of victory in the final of the inaugural Twenty-20 (T20) World Cup in the historic South African city of Johannesburg. Star Pakistani batsman Misbah-ul-Haq had hit the second ball of the final over for a six. With just six more runs needed for victory, the batter wanted to finish off proceedings with a flourish. Misbah went for the scoop shot over short fine-leg, but only skied the ball—and was caught. Pakistan were all out and India—led by first-time captain Dhoni—were champions! The victory saw India erupt into unbridled celebration, with a frenzy not seen since the country’s first ICC tournament victory, the legendary ODI (one-day international) World Cup win at the hallowed Lord’s ground in England in 1983. Then, too, a bunch of no-hopers had gone on to lift the then greatest trophy in the sport.

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INDIA EXPORTS PHARMACEUTICALS WORTH $30.5 BILLION ANNUALLY BUT REMAINS HEAVILY DEPENDENT ON CHINA FOR RAW MATERIALS. THIS IS EMERGING AS ONE OF THE BIGGEST CHALLENGES TO THE COUNTRY'S HEALTHCARE AND MANUFACTURING AMBITIONS

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“FOSSIL FUELS SHOULD BE PHASED-DOWN RATHER THAN PHASED-OUT”

Bhupender Yadav on India’s clean-energy transition, climate finance, pollution control and balancing energy security with national sustainability goals

time to read

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FOREIGN WINGS

THE WORLD'S THIRD-LARGEST AVIATION MARKET DOES NOT MANUFACTURE A SINGLE COMMERCIAL AIRCRAFT, AN ENGINE, A SIMULATOR, OR THE SOFTWARE THAT BOOKS ITS TICKETS. RECENT DEVELOPMENTS SUGGEST THAT EFFORTS ARE BEING MADE TO OVERTURN THAT PERCEPTION

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WITH APPROPRIATE POLICY RESPONSES, IMPORT DEPENDENCE IN EDIBLE OILS, PULSES AND FERTILISERS CAN BE REVERSED

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AI'S DOLLAR DRAIN

INDIA’S OVERDEPENDENCE ON FOREIGN ARTIFICIAL INTELLIGENCE MODELS RISKS A LARGE FOREX OUTFLOW, ESPECIALLY AS MANY OF THEM ARE CURRENTLY FREE FOR END USERS. CAN LOCAL ALTERNATIVES CATCH UP TO ARREST DOLLAR FLIGHT IN THIS FOUNDATIONAL TECH?

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BORROWED STACK

BENEATH INDIA'S TECHNOLOGY SUCCESS STORY LIES AN UNCOMFORTABLE REALITY. THE COUNTRY STILL RUNS MUCH OF ITS DIGITAL FUTURE ON A BORROWED STACK. CAN IT CONTROL TECHNOLOGIES THAT UNDERPIN THE DIGITAL ECONOMY?

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