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Showing posts with the label Economy & Business

Assessing Progress on Sustainable, Inclusive Urban Mobility: The Urban Mobility Scorecard Tool

  Urban mobility is at a critical juncture as cities worldwide grapple with challenges related to sustainability, inclusivity, and efficiency. To address these challenges, the Urban Mobility Scorecard (UMS) Tool has been developed as a digital assessment and benchmarking tool for cities. It is designed to help city administrations understand their current strengths and weaknesses, acknowledge key achievements, and identify areas for improvement in urban mobility. Aims and Scope of the Urban Mobility Scorecard Tool The UMS Tool aims to assist cities in their journey towards sustainable and inclusive urban mobility. By providing a qualitative, questionnaire-based assessment, the tool enables cities to evaluate the underlying policies, strategies, and systems that support urban mobility. Unlike traditional ranking systems, the UMS Tool is designed to benchmark progress, explore solutions, and aid decision-making. Key Objectives Benchmark Progress: Cities can compare their results anonymo

India's IT Sector: A Decade of Remarkable Growth

  Over the past decade, the Indian Information Technology (IT) sector has emerged as a powerhouse, propelling the nation's economy forward and garnering global recognition. With significant contributions to GDP, substantial revenue generation, and the creation of millions of jobs, the Indian IT industry stands as a backbone to the country's prowess in the digital age.   1. Contribution to GDP The IT-BPM (Information Technology and Business Process Management) industry has become an integral part of India's economic landscape, accounting for a substantial portion of the Gross Domestic Product (GDP). In the financial year 2023, it contributed approximately 7.5% to the GDP, marking its significance in driving economic growth and modernization.   2. Revenue and Exports The Indian IT sector has been a consistent revenue generator, showcasing impressive growth year after year. In 2022 alone, it generated a staggering $227 billion in revenue. Projections indicate a fur

$10.1 Trillion in Annual Opportunities: 15 Transitions in Socio-Economic Systems by 2030

  The world is on the cusp of transformative change, and as we approach 2030, a remarkable opportunity awaits us. A recent study has unveiled that 15 key transitions in three pivotal socio-economic systems could potentially unlock a staggering $10.1 trillion in annual business opportunities. This seismic shift not only promises substantial economic gains but also positions us on a trajectory toward a more sustainable and equitable future. In this blog post, we delve into the details of these transitions and their potential impact on various sectors. The $10.1 trillion annual opportunities are distributed across three critical socio-economic systems Food, Land, and Ocean Use: The transitions in this system present a promising $3.565 trillion in annual opportunities. These changes are not only financially lucrative but also have far-reaching implications for global food security, land conservation, and sustainable ocean management. Infrastructure and the Built Environment: With an estima

Decoding Market Trends: Insights from India's Top 10 Companies in 2023

  Analyzing the market trends based on the data of the top 10 Indian companies by market value in 2023 . 1. Diverse Industry Dominance The top companies represent a broad spectrum of industries, including conglomerates, IT services, banking, FMCG, telecommunications, and more. This diversity suggests that market leaders are not confined to a single sector, emphasizing the importance of a varied business portfolio in the competitive landscape. Rank Company Market Cap (in cr) 1 Reliance Industries ₹1,560,952 2 Tata Consultancy Services (TCS) ₹1,422,000 3 HDFC Bank ₹1,166,000 4 ICICI Bank ₹468,000 5 Hindustan Unilever (HUL) ₹466,000 6 Infosys ₹460,000 7 ITC ₹350,000 8 State Bank of India (SBI) ₹340,000 9 Bharti Airtel ₹320,000 10 Kotak Mahindra Bank ₹300,000 Note: The table summarizes the top 10 Indian companies by market value as of 2023. Market capitalization values are in crores of Indian Rupees. Please refer to the provided sources for more detailed information on these rankings, and