![Digital transformation is about to transform our society](https://cdn.magzter.com/Business%20Today/1653551505/articles/jPlydrWz51653635236561/Digital-transformation-is-about-to-transform-our-society.jpg)
India is leading the Digital Transformation Wave
FY23 provides a lot of promise for the global society as it rebounds from the impact of the pandemic. On one hand, businesses are leveraging digital networks to improve customer experience and gain competitive advantages. On the other hand, governments are using the power of technology to bridge the economic and digital divide and build connected cities and villages. Data, technology, and governance are coming together to accelerate socio-economic change like never before. It's remarkable to see how the Indian government is actively encouraging local manufacturing and R&D. This will help businesses leapfrog to Industry 4.0. These are indeed exciting times, as this change is being led by our billion-strong populace. Another primary driver is the volume of data consumed, which is remarkable for a low per capita income country like India. India's per capita Internet usage has increased from 1.2 GB per month in 2018 to 14 GB per month in June 2021 according to the Economic Survey of India. This 12X growth in usage along with a multi-fold increase in internet penetration has set the foundation for the next phase of digital transformation.
Some examples:
• The digital payment market will reach $1 trillion by 2026
• The digital health and telemedicine market will be worth over $800 million by FY24
• The Indian ecommerce market is expected to grow to US$ 188 billion by 2025
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DE-RISKING THE BOOKS
INDIAN BANKS ARE BEGINNING TO TAKE BABY STEPS TOWARDS ADDRESSING CLIMATE-RELATED FINANCIAL RISKS IN THEIR BOOKS. BUT THEY MUST PUT THEIR FOOT ON THE PEDAL AND ENHANCE PREPAREDNESS
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PAYING FOR CHANGE
WITH EXTREME WEATHER INCREASINGLY PUTTING THE COUNTRY AND ITS ECONOMY AT RISK, INDIA SHOULD EXPLORE CLIMATE FINANCE PATHWAYS TO FUND ITS NET-ZERO JOURNEY TOWARDS A GREENER FUTURE
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BEYOND THE BLIP
ESG HAS BEEN UNDER SCRUTINY GLOBALLY AMID ALLEGATIONS OF GREENWASHING AND RECORD REDEMPTIONS FROM ESG FUNDS. BUT THAT MAY JUST BE ONE SIDE OF THE STORY, SINCE SUSTAINABLE PRACTICES HAVE BECOME CORE COMPONENTS OF COMPANIES' STRATEGIES
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BANDHAN AT A CROSSROADS
THE BELEAGUERED LENDER, LED BY CHANDRA SHEKHAR GHOSH, HAS FACED A HOST OF CHALLENGES IN RECENT TIMES. IT HAS READIED A BLUEPRINT TO DEAL WITH THEM. BUT WILL IT SUCCEED WITHOUT GHOSH AT THE HELM?
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RESULT AND REPERCUSSIONS
After the verdict, the Street has turned cautious with analysts expecting the new government to reassess some of its policy priorities
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D-STREET ANGELS
FACED WITH A DEARTH OF PURE-PLAY THEMES IN THE SECONDARY MARKETS, SEASONED INVESTORS LIKE VIJAY KEDIA, MUKUL MAHAVIR AGRAWAL, AND THE JHUNJHUNWALAS HAVE TRAINED THEIR SIGHTS ON THE START-UP
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A Man of Multitudes
IN A NEW BOOK, CAPTAINS OF INDIA INC. AND OTHERS PAY TRIBUTE TO RAHUL BAJAJ, THE TITAN OF INDIAN INDUSTRY
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HOUSE OF THE RISING SUN
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FROM GREY TO GREEN
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ECO CHAMBER
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