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Improved governance can fuel India to be top growth nation: IBM

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New Delhi: India, with improved governance and strong social and physical infrastructure, can become the world’s highest growth nation in the 21st century, revealed an IBM study.

IBM India managing director Vanitha Narayanan released the report “Indian Century: Defining India’s Place in a Rapidly Changing Global Economy” here on Thursday

India is witnessing a transformation that promises to minimise constraints and support economic advancement. The build out of social and digital infrastructure, powered by local innovations, will help India become an integral part of the global ecosystem,

The IBM Institute for Business Value predicted how India could become the world’s highest growth nation in the 21st century.

The study is based on interviews with 1,088 Indian executives across large enterprises (73 percent), start-ups (11 percent), academia (5 percent) and government (11 percent) to get their perspective on opportunities and roadblocks for the Indian economy.

Nearly 51 percent of the Indian executives highlighted improved governance as a key driver for sustainable growth, while social (46 percent) and physical (45 percent) infrastructure were ranked important growth drivers on second and third spots respectively.

Nearly 43 percent executives placed access to capital on the fourth spot and said this key factor has been a hindrance in sustainable growth.

About 40 percent executives backed availability of skilled resources as the fifth key driver to bring sustainable growth in India,

According to the study, India benefits from entrepreneurialism and diversity and is currently ranking as the fourth-largest source of technology start-ups globally.

“A young population equipped with the right skills and growing middle class will reinforce economic activity through increased consumption and investment,” it highlighted, noting that by 2020, India will constitute 30 percent of the world’s workforce and by 2030, the nation is projected to have the largest middle-class population in the world.

Narayanan, in her speech, also emphasised over India’s potential and growth perspective.

The study rightly points out that India has immense potential to leapfrog traditional growth paradigms. If we are able to capitalise on the opportunities present in front of us, the next decade can definitely mark the beginning of the Indian Century,

Based on unique advantages that India has and the recognition that economic transformation is essential for India’s long-term well-being, the country is already on the path of economic advancement, said the study. (IANS)

(Picture Courtesy: www.socialnews.xyz)

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Facebook Cancels its “Global Marketing Summit”, IBM Pulls Out of RSA Due To Coronavirus Concerns

According to a report in The San Francisco Chronicle, Facebook has cancelled the event scheduled from March 9-12 here. Over 5,000 participants were expected to attend the event

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"Facebook is committed to holding the event in San Francisco in the future," the company added. Pixabay

After the flagship Mobile World Congress (MWC) Barcelona 2020 conference, Coronavirus has derailed Facebook’s Global Marketing Summit in San Francisco.

According to a report in The San Francisco Chronicle, Facebook has cancelled the event scheduled from March 9-12 here. Over 5,000 participants were expected to attend the event.

“Out of an abundance of caution, we cancelled our Global Marketing Summit due to evolving public health risks related to coronavirus,” a spokesperson was quoted as saying in the report on Friday. “Facebook is committed to holding the event in San Francisco in the future,” the company added.

IBM said it has cancelled its participation in the RSA cybersecurity conference here from February 24-28 due to concerns over China virus outbreak. “The health of IBMers is our primary concern as we continue to monitor upcoming events and travel relative to Novel Coronavirus (COVID-19)”, the company tweeted. The RSA, however, said it will continue with the event despite IBM pulling out.

On Thursday, the organiser of the world’s biggest phone show ‘Mobile World Congress’ 2020 cancelled the annual event in Barcelona in the wake of the Novel Coronavirus fears which saw several top exhibitors and tech companies pulling out of the event.

Other events postponed or cancelled include Chinese Grand Prix, the Black Hat information security conference’s Asia summit; London Metal Exchange’s annual Asian gathering in Hong Kong and Art Basel’s annual art fair in Hong Kong, among others.

IBM
IBM said it has cancelled its participation in the RSA cybersecurity conference here from February 24-28 due to concerns over China virus outbreak. Wikimedia Commons

The novel coronavirus that originated in the Wuhan area of China in December 2019 has spread to over 25 countries, raising safety concerns and impacting businesses in many parts of the world.

ALSO READ: Walking 10,000 Steps a Day May Not help You Shred Weight, Reveals Study

The virus has so far killed over 1,300 people and left several thousands infected. (IANS)