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Going digital can boost our labour productivity

Mint Hyderabad

|

March 05, 2025

India is faring rather well on its adoption of digital technology in global comparison. This could spell productivity gains and also better-balanced development if we fix regional skews

One of the most famous quips about India that has long held good is British economist Joan Robinson's "Whatever you can rightly say about India, the opposite is also true." A telling example is the contrast between our high position in the world's GDP league table, where we rank third in terms of purchasing power parity, and our abysmal 119th spot when it comes to per capita income. But one measure on which we have unanimity, even among argumentative Indians, relates to the rapid adoption of digital technology. From a country that had one of the world's lowest tele-densities not so long ago, we are more connected today than people in most other countries. According to the latest State of India's Digital Economy report of Delhi-based Indian Council for Research on International Economic Relations (Icrier), based on aggregate levels of digitalization, as measured by its new CHIPS framework, India is now the third largest digitalized economy. We trail China and the US, but are ahead of South Korea, the UK and Singapore. Unlike many countr

Mint Hyderabad からのその他のストーリー

Mint Hyderabad

RBI governor stays guarded on crypto

India will maintain a guarded stance on cryptocurrencies and stablecoins even as it accelerates support for homegrown digital payment systems such as UPI, NEFT and the digital rupee, Reserve Bank of India governor Sanjay Malhotra said on Thursday.

time to read

1 min

November 21, 2025

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US needs skilled migrants to teach tech, says Trump

US will ‘welcome’ skilled immigrants who will ‘teach’ American workers about complex tech

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1 mins

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Bajaj's arm hires CIO from Kotak

The alternative investment management arm of the Bajaj Group, one of India’s oldest conglomerates, hired a chief investment officer (CIO) from Kotak Alternate Asset Managers Ltd, according to people familiar with the matter, underscoring an intensifying talent battle in the $169 billion asset management industry.

time to read

1 min

November 21, 2025

Mint Hyderabad

Inside the hot new Dubai restaurant run by an AI chef

The mastermind behind Woohoo's food and drinks menu is a $1 million-plus large language model that also does podcasts

time to read

3 mins

November 21, 2025

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Curbs on risky drugs’ online ads

sultative Committee chaired by DCGlon 17 November.

time to read

1 mins

November 21, 2025

Mint Hyderabad

Standardize expenditure heads by FY28: CAG tells states

CAG's move is aimed at overhauling India's public finance system.

time to read

1 min

November 21, 2025

Mint Hyderabad

Rupee falls 23 paise at 88.71 against USD

The rupee depreciated 23 paise to close at 88.71 (provisional) against the US dollar on Thursday, on broad strength of the American currency and fading odds of a rate cut by the US Federal Reserve.

time to read

1 min

November 21, 2025

Mint Hyderabad

How a delay in possession of homes affects loans, taxes

Delays are likely to reduce tax savings and wipe out the leverage advantage of home loans

time to read

4 mins

November 21, 2025

Mint Hyderabad

Govt moves to curb online ads, self-medication of risky drugs

The government is planning a sweeping overhaul of drug-advertising rules to curb self-medication, unsafe sales and rising antimicrobial resistance, according to two officials and a document reviewed by Mint.

time to read

1 mins

November 21, 2025

Mint Hyderabad

Bluechips lift Street to a 13-month high

Eyes on Q3 earnings as Nifty crosses 26,200, FPIs turn positive

time to read

1 mins

November 21, 2025

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