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Extra 15 Minutes of Daily walk, or Jogging Steady One Kilometer Each Day could Boost Economic Growth

The economic boost would come from lower mortality rates - in other words keeping more people alive, working and contributing to the economy

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Walk, Jogging, Economic
A man exercises early in the morning along the Arabian Sea in Mumbai, India. VOA

The world economy could be boosted by as much as $100 billion a year if employers successfully encouraged their staff to meet World Health Organization guidelines on exercise, according to an analysis of the economic impact of activity. Jogging.

Adding an extra 15 minutes of daily walking, or jogging a steady one kilometer each day, would improve productivity and extend life expectancy – leading to more economic growth, the study by the health insurance group Vitality and the think tank RAND Europe found.

The economic boost would come from lower mortality rates – in other words keeping more people alive, working and contributing to the economy for longer, the study’s authors said, and from employees taking fewer days off sick.

Hans Pung, RAND Europe’s president, said the study highlighted “a significant relationship between inactivity and productivity loss” and should give policymakers and employers “new perspectives on how to enhance the productivity of their populations.”

Walk, Jogging, Economic
Adding an extra 15 minutes of daily walking, or jogging a steady one kilometer each day, would improve productivity and extend life expectancy – leading to more economic growth. Pixabay

The WHO recommends that all adults should take at least 150 minutes of moderate exercise, or 75 minutes of vigorous exercise, a week. In a study last year it found that around 40 percent of adults in the United States, 36 percent in Britain and 14 percent in China did too little exercise to stay healthy.

The RAND/Vitality study was based in part on data from about 120,000 people across seven countries. It then modelled and projected the potential economic benefits of increased physical activity globally and for 23 individual countries.

It found that if all adults aged between 18 and 64 walked 15 more minutes a day, it could increase world economic output by some $100 billion (£77 billion) year on year.

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It also found that physically inactive 40-year-olds could increase their life expectancy, on average, by 3.2 years, by introducing 20 minutes of jogging a day. (VOA)

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Emerging Digital Technologies to Generate $1 Trillion in Economic Value for India

Digital technologies across sectors such as retail, financial services, healthcare, energy, manufacturing and infrastructure will be fuelling the growth

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Digital, Technologies, Economic
India is poised to be a game-changer in the world digital economy by empowering its citizens and revolutionizing businesses. Pixabay

Emerging digital technologies are expected to generate $1 trillion in economic value for India — spearheading the $5 trillion economy ambition by contributing 20 per cent to the countrys nominal GDP and sustaining 60-65 million jobs by 2025, an EY report said on Monday.

By 2025, India is expected to have 90 per cent Internet penetration with 850 million users, with rural base growing 2.5 times as compared to the urban base, the report added.

“India is at an inflection point — digital has changed the way people communicate, socialize, create, sell, shop and work. India is poised to be a game-changer in the world digital economy by empowering its citizens and revolutionizing businesses,” said Prashant Singhal, Emerging Markets TMT (technology, media and telecom) and Leader, EY.

Digital technologies across sectors such as retail, financial services, healthcare, energy, manufacturing and infrastructure will be fuelling the growth, resulting in employment generation, increased local and regional entrepreneurship and facilitate equitable socio-economic growth.

Digital, Technologies, Economic
By 2025, India is expected to have 90 per cent Internet penetration with 850 million users, with rural base growing 2.5 times as compared to the urban base, the report added. Pixabay

“Digital economy has the potential to sustain 60-65 million employment opportunities for women, differently-abled people, skilled and semi-skilled workers across digitally enabled businesses in urban, semi-urban and rural areas,” the EY report mentioned.

In the last four years, 268 mobile and mobile component manufacturing units have been set-up, generating 670,000 direct and indirect jobs under the electronic manufacturing initiative.

Domestic electronics manufacturing could generate economic value of $100 billion to $130 billion by 2025, the report said.

The Internet user base in India is expected to reach 627 million by the end of 2019 – second only to China, which is expected to reach about 850 million by 2025.

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However, the Internet penetration is at only 36 per cent – indicating significant growth opportunities.

Rural Internet users are expected to increase by 2.5 times, in comparison to the urban internet users – providing a huge impetus for the next big wave of growth.

The Indian e-commerce and consumer internet sectors are expected to reach $200 billion by 2027 and is a significant avenue to provide employment and build entrepreneurship in the country.

Digital, Technologies, Economic
India is at an inflection point — digital has changed the way people communicate, socialize, create, sell, shop and work. Pixabay

“In 2018, the sector raised over $7 billion in PE/VC capital (including venture debt) across approximately 200 deals, and seven companies reached the coveted unicorn status. 2019 has already seen five companies achieve the unicorn status,” the findings showed.

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By scaling 80 per cent of India’s e-commerce supply chain to digital value chain could generate an additional economic value of $5 billion to $10 billion in 2025, added the report. (IANS)