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AI to Boost Global GDP by Trillions by 2030

AI to Boost Global GDP by Trillions by 2030

Artificial Intelligence is set to significantly reshape the global economy, with projections indicating a substantial boost to GDP. A recent report estimates that AI could add nearly $15.7 trillion to global GDP by 2030. This transformative technology is rapidly changing industries and creating new opportunities for economic growth across the world.

The report highlights a disparity in AI adoption rates. Developed economies are leading the charge, with over 66 per cent having national AI strategies. In contrast, only 30 per cent of developing economies and a mere 12 per cent of least-developed economies have similar strategies in place. This difference underscores the need for broader access to AI resources and expertise to ensure inclusive global economic growth.

The race to harness the power of AI hinges on four key elements: computing power, data availability, sophisticated models, and skilled talent. While nations like the US and China are currently at the forefront, many other countries have the potential to make significant advancements by focusing on specific AI interventions. The potential impact of AI on global GDP makes it a crucial area of focus for policymakers and businesses alike.
Sectors Experiencing Growth
Certain sectors are experiencing more rapid AI integration than others, primarily due to the availability of large datasets and clear applications. The financial services and retail industries are leading the way in adopting AI solutions, leveraging data-rich environments to enhance customer service, streamline operations, and improve decision-making. These sectors have readily embraced AI to gain a competitive edge and drive economic growth.

However, the report also indicates that socially critical sectors such as agriculture and public services are lagging behind in AI adoption. These sectors often face challenges related to fragmented infrastructure, limited funding, and difficulty in demonstrating a clear return on investment. Overcoming these hurdles is essential to unlock the potential of AI to address critical societal needs and contribute to broader economic growth. Increased investment and strategic planning are needed to accelerate AI adoption in these vital areas by 2030.

The uneven distribution of AI adoption across sectors highlights the need for targeted interventions and support. Addressing the specific challenges faced by sectors like agriculture and public services is crucial to ensure that the benefits of AI are shared more equitably across the global economy. By fostering innovation and providing resources to these sectors, we can unlock new opportunities for economic growth and improve the lives of citizens worldwide. The projected $15.7 trillion boost to global GDP by 2030 hinges on widespread AI adoption.
Challenges And Considerations
Despite the immense potential of AI to boost the global economy, several challenges and considerations must be addressed to ensure responsible and equitable deployment. One significant hurdle is the ethical implications of AI, particularly concerning bias in algorithms and the potential for job displacement. Careful consideration must be given to developing AI systems that are fair, transparent, and accountable.

Another key challenge is the need for robust data privacy and security measures. As AI systems rely on vast amounts of data, it is crucial to protect individuals’ privacy and prevent data breaches. Implementing strong data governance frameworks and investing in cybersecurity are essential to building trust in AI and fostering its widespread adoption. The report highlights the importance of addressing these concerns to unlock the full potential of AI to add $15.7 trillion to global GDP by 2030.

Furthermore, the skills gap poses a significant obstacle to realizing the benefits of AI. As AI technologies become more prevalent, there is a growing need for workers with the skills to develop, deploy, and maintain these systems. Investing in education and training programs is crucial to equip individuals with the skills they need to thrive in the AI-driven global economy. Bridging the skills gap will not only drive economic growth but also ensure that the benefits of AI are shared more broadly.

September 11, 2025
MSMEs: 30% GDP & 28 Crore Jobs in the Indian Economy

MSMEs: 30% GDP & 28 Crore Jobs in the Indian Economy

MSMEs are the true engines of growth, contributing over 30 per cent to GDP and 45 per cent to exports, according to an MSME Ministry official on Tuesday. They are also providing employment to more than 28 crore people, particularly with their presence across Tier-2 and Tier-3 cities. Addressing the CII MSME Growth Summit 2025, Additional Secretary and Development Commissioner, MSME Ministry, Dr Rajneesh, said that their resilience enabled India’s swift post-pandemic recovery, and they will be central to achieving the vision of Viksit Bharat.
In the last three years, the MSME Ministry has facilitated credit guarantees worth Rs 6.4 lakh crore, he said. He also noted that 100 technology centres are being established nationwide to strengthen MSME competitiveness. Stressing the need to shift from a price-centric approach to one anchored in quality, competitiveness, and technology adoption, Dr Rajneesh said that MSMEs must integrate into global value chains to drive India’s vision of becoming a Viksit Bharat by 2047.
CII National MSME Council Chairman and Rajratan Global Wire CMD Sunil Chordia said that focusing on formalisation and ease of doing business, capital access and investment, technology, innovation and productivity, skill development and workforce can enhance the competitiveness of MSMEs. CII National MSME Council Co-Chairman and Pon Pure Chemicals India Pvt Ltd CMD M. Ponnuswami stressed the importance of raising awareness among MSMEs in Tier-2 and Tier-3 cities about the opportunities offered by Industry 4.0, low-cost automation, and credit schemes.
Meanwhile, Somany Ceramics Chairman and Managing Director Shreekant Somany underscored that India’s growth story is inseparable from the success of MSMEs, which are evolving as global players with fast-rising exports. CII National Committee on Smart Manufacturing Chairman and Rockwell Automation Managing Director Dilip Sawhney noted that Industry 4.0 solutions are pivotal for MSMEs to overcome challenges of traceability and compliance that restrict their integration with global clients. CII’s Working Group on Technology, CII ASCON Council Chairman, and Siemens’ Director, Industry and Policy Vikram Gandotra emphasised that Indian industry can match global leaders like Germany and South Korea by embracing technology, innovation, and design excellence.
Job Creation Statistics
The sheer scale of employment generated by MSMEs is a testament to their vital role in the Indian economy. Providing livelihoods to over 28 crore individuals, these enterprises serve as a crucial source of income and economic empowerment, particularly in regions beyond major metropolitan areas. The decentralised nature of MSMEs allows them to reach into the heart of Tier-2 and Tier-3 cities, creating job opportunities where they are often most needed and contributing to a more balanced distribution of wealth and development across the country.
Furthermore, the employment landscape within MSMEs is diverse, encompassing a wide range of skills and expertise. From traditional crafts and manufacturing to emerging technology and service sectors, these enterprises offer opportunities for both skilled and unskilled workers, playing a significant role in absorbing a large portion of the Indian workforce. This capacity to provide varied employment options is particularly important in a country with a young and rapidly growing population, ensuring that individuals have access to meaningful work and can contribute to the nation’s economic progress.
The impact of MSME employment extends beyond individual livelihoods, contributing significantly to overall social and economic stability. By providing stable income sources and fostering entrepreneurship at the grassroots level, these enterprises help to reduce poverty, improve living standards, and create a more inclusive and equitable society. The multiplier effect of MSME employment is considerable, as increased income leads to higher consumption, investment, and further economic activity, creating a virtuous cycle of growth and development.
Moreover, the job creation potential of MSMEs is not limited to direct employment within the enterprises themselves. The growth and expansion of MSMEs also stimulate demand for supporting industries and services, leading to indirect job creation in sectors such as transportation, logistics, finance, and marketing. This interconnectedness highlights the broader economic impact of MSMEs and their role in fostering a vibrant and dynamic ecosystem that supports employment generation across various sectors.
Key Drivers Of Msme Growth
The sustained growth of MSMEs is propelled by several interconnected factors. Firstly, the ongoing formalisation of the sector is crucial. Streamlining regulations, simplifying compliance procedures, and providing incentives for registration encourages more enterprises to enter the formal economy. This, in turn, facilitates access to credit, government schemes, and other benefits, fostering growth and competitiveness.
Secondly, access to capital and investment is paramount. MSMEs often face challenges in securing adequate funding for expansion, modernisation, and working capital. Initiatives aimed at improving credit access, promoting venture capital investment, and establishing dedicated MSME funding mechanisms are essential for unlocking their growth potential.
Thirdly, technology adoption and innovation are key drivers. Embracing Industry 4.0 technologies, such as automation, artificial intelligence, and data analytics, can significantly enhance productivity, efficiency, and competitiveness. Promoting technology transfer, providing training and support for technology adoption, and fostering a culture of innovation are vital for enabling MSMEs to leverage these advancements.
Fourthly, skill development and workforce enhancement are critical. Equipping the workforce with the skills and knowledge required to operate in a rapidly evolving technological landscape is essential for ensuring the success of MSMEs. Investing in vocational training, promoting apprenticeships, and fostering collaboration between industry and educational institutions can help to bridge the skills gap and create a skilled workforce that meets the needs of MSMEs.
A supportive ecosystem is essential. This includes a conducive regulatory environment, access to infrastructure, and effective support services. Streamlining regulations, reducing bureaucratic hurdles, improving infrastructure connectivity, and providing access to market information and business advisory services can create a more enabling environment for MSMEs to thrive.
Impact On Indian Economy
The collective impact of MSMEs on the Indian economy is far-reaching and multifaceted. Beyond their direct contributions to GDP, exports, and employment, these enterprises play a crucial role in fostering innovation, promoting regional development, and enhancing social inclusion. Their widespread presence across diverse sectors and regions makes them a vital engine for driving sustainable and inclusive economic growth.
MSMEs are often at the forefront of innovation, developing new products, services, and business models that cater to local needs and contribute to overall economic dynamism. Their agility and adaptability allow them to respond quickly to changing market conditions and emerging opportunities, fostering a culture of entrepreneurship and experimentation that drives economic progress.
Moreover, MSMEs play a crucial role in promoting regional development by creating jobs and generating income in areas beyond major metropolitan centres. Their decentralised nature allows them to contribute to a more balanced distribution of wealth and development across the country, reducing regional disparities and fostering greater social cohesion.
MSMEs also contribute significantly to social inclusion by providing opportunities for marginalised communities and promoting entrepreneurship among women and other underrepresented groups. Their ability to create jobs and generate income in local communities empowers individuals and families, improving living standards and fostering greater social equity.
The integration of MSMEs into global value chains is essential for enhancing their competitiveness and driving India’s vision of becoming a Viksit Bharat by 2047. By participating in global trade and investment flows, MSMEs can access new markets, technologies, and expertise, enhancing their productivity and contributing to overall economic growth.
The impact of MSMEs on the Indian economy is undeniable. Their contributions to GDP, exports, employment, innovation, regional development, and social inclusion make them a vital engine for driving sustainable and inclusive economic growth. By fostering a supportive ecosystem and empowering MSMEs to thrive, India can unlock their full potential and achieve its vision of becoming a prosperous and equitable nation.

August 28, 2025
Google Reviews CCI AdTech Dominance Order in India

Google Reviews CCI AdTech Dominance Order in India

Google has stated that it is currently reviewing the Competition Commission of India (CCI) orders pertaining to its actions within the online display advertising market. This review comes after the trade regulator mandated a comprehensive investigation, prompted by a complaint lodged by the Alliance of Digital India Foundation (ADIF).
The CCI has decided to consolidate the ADIF complaint with existing investigations into similar cases. The Director General (DG) has been instructed to conduct a unified probe into Google’s behaviour within the AdTech ecosystem. This consolidated investigation aims to provide a holistic view of the market dynamics and Google’s role in it, particularly concerning issues of competition and potential antitrust violations in India.
The CCI’s order suggests concerns about Google’s dominance in the AdTech space and its potential impact on fair competition. The investigation will likely delve into various aspects of Google’s operations, including its advertising technology stack, its market share, and its business practices, to determine whether they stifle competition or unfairly disadvantage other players in the digital advertising market within India.
Google’s Legal Challenge
Google’s next steps following the CCI’s order are likely to involve a multi-pronged legal strategy. While the company has stated it is undertaking a review of the CCI’s directive, this often precedes a more formal legal challenge. Google may choose to appeal the order in higher courts within India, arguing that the CCI’s findings are flawed or that the investigation is unwarranted.
Central to Google’s defence will likely be arguments that its AdTech practices are pro-competitive and benefit both advertisers and publishers. They may contend that their technology enhances efficiency and reach, driving value for businesses of all sizes in India. Furthermore, Google could argue that the CCI’s assessment of its market dominance is inaccurate or that the relevant market has been defined too narrowly, failing to account for the presence of other significant players in the digital advertising landscape.
The legal challenge could also focus on procedural aspects of the CCI’s investigation, questioning the fairness or impartiality of the process. Google might raise concerns about the scope of the investigation or the evidence relied upon by the CCI in reaching its decision to order a further probe. The antitrust battle promises to be a protracted and complex affair, potentially setting significant precedents for the regulation of digital markets in India.
Impact On Digital Advertising
The ongoing CCI investigation and Google’s subsequent legal challenges have significant implications for the future of digital advertising in India. A key outcome could be altered market dynamics, potentially fostering a more level playing field for smaller AdTech companies and publishers who currently struggle to compete with Google’s extensive reach and resources. Increased regulatory scrutiny might encourage Google and other major players to adopt more transparent and equitable business practices.
Conversely, an unfavourable outcome for the CCI could solidify Google’s dominance, potentially stifling innovation and limiting choices for advertisers and publishers. This scenario could lead to higher advertising costs and reduced revenue for publishers, impacting the overall health of the digital ecosystem in India. The investigation also highlights the broader debate surrounding data privacy and the use of user information in targeted advertising, issues that are increasingly under the spotlight globally.
Ultimately, the resolution of this antitrust matter will shape the competitive landscape of the Indian digital advertising market for years to come. It could serve as a benchmark for how regulatory bodies address the challenges posed by the growing power of tech giants and their influence on various sectors. The case underscores the need for a robust regulatory framework that promotes competition, protects consumer interests, and fosters innovation in the rapidly evolving digital economy of India.

August 4, 2025
MSMEs: Quality Key for Defence & Aerospace Supply Chain

MSMEs: Quality Key for Defence & Aerospace Supply Chain

Micro, Small and Medium Enterprises (MSMEs) operating within the defence and aerospace sectors must rigorously adhere to stringent quality standards to effectively integrate into the global supply chain. This was the key message delivered by Bharat Electronics Limited (BEL) chairman and managing director, Manoj Jain, at the curtain-raiser of the 7th edition of the India Manufacturing Show (IMS), also known as the ‘Aerospace & Defence Engineering Expo’.

Jain emphasised that unwavering commitment to quality and achieving the appropriate certification are non-negotiable for MSMEs seeking to participate in the highly competitive global arena. He stated explicitly that “MSMEs must align with stringent quality and certification standards if they are to be part of the global supply chain.” This adherence to standards is crucial not only for accessing global markets but also for ensuring the reliability and performance of defence and aerospace products, ultimately boosting exports.

Furthermore, Jain highlighted the need for flexibility from both large industries and MSMEs, while stressing that this flexibility should never come at the expense of regulatory compliance. Maintaining high standards alongside adaptability is vital for fostering a robust and responsive manufacturing ecosystem within the defence and aerospace industries.
Msmes’ Challenges Outlined
Despite the clear imperative for MSMEs to meet exacting quality standards, significant challenges remain in their journey towards integration into the defence and aerospace global supply chain. One of the primary hurdles is the cost associated with achieving the necessary certification. For many smaller enterprises, the investment required for testing, documentation, and process upgrades can be prohibitively expensive. This financial strain often limits their ability to compete with larger, more established players in the market.

Another significant obstacle lies in accessing the latest technologies and expertise. MSMEs frequently lack the resources to invest in advanced manufacturing equipment or to hire skilled personnel with specialised knowledge of aerospace and defence requirements. This technology gap can hinder their ability to produce components that meet the stringent specifications demanded by prime contractors and international partners. The government and industry bodies need to facilitate technology transfer and skill development programs to bridge this gap.

Furthermore, navigating the complex regulatory landscape presents a considerable challenge. Defence and aerospace industries are heavily regulated, with intricate compliance requirements that can be difficult for MSMEs to understand and implement. The lack of awareness and understanding of these standards can lead to errors and delays, potentially jeopardising their chances of securing contracts. Simplifying regulatory processes and providing clear guidance and support to MSMEs are essential steps to unlock their potential in boosting defence exports and fortifying the global supply chain.
Global Opportunities Await
For MSMEs that successfully navigate the challenges and embrace stringent quality standards and certification, significant global opportunities await within the defence and aerospace sectors. The increasing emphasis on indigenisation and self-reliance in many countries, including India, creates a burgeoning demand for locally sourced components and services. This shift presents a unique chance for MSMEs to step up and become integral parts of the global supply chain.

Specifically, the growing global aerospace market, driven by increasing air travel and defence spending, offers substantial prospects for MSMEs specialising in areas such as precision engineering, electronics, and software development. By demonstrating their commitment to quality and adhering to international standards, these enterprises can secure contracts with major aerospace manufacturers and suppliers worldwide. This will not only enhance their revenue streams but also contribute to the overall growth of the domestic manufacturing base.

Furthermore, the defence sector’s continuous need for upgrades and modernisation presents another avenue for MSMEs to thrive. Opportunities exist in providing components for military aircraft, naval vessels, and land-based systems. By focusing on innovation and developing cutting-edge technologies, MSMEs can position themselves as valuable partners to large defence contractors, both domestically and internationally. The focus on quality and exports can help these MSMEs integrate into the global supply chain.

August 4, 2025
DC Stresses Agricultural Tech & Ethics

DC Stresses Agricultural Tech & Ethics

Agriculture’s pivotal role in the global economy necessitates that educators furnish students with a comprehensive understanding of evolving agricultural technology, stated DC Kumara. He made these remarks at the opening of a two-day faculty training initiative for newly appointed assistant professors, hosted at VC Farm on Wednesday.

Kumara congratulated the newly formed Mandya University of Agricultural Sciences, expressing his optimism that such capacity-building programmes for newly recruited faculty and staff would serve as invaluable platforms for enhancing knowledge and fostering professional development. The education provided will prepare them for the challenges ahead.

He underscored the increasing influence of agricultural scientists in elevating Indian agriculture on the global stage, achieved through the integration of modern, cutting-edge technologies. He further added that these faculty training programmes offer more than just learning; they serve as sources of inspiration for those involved.
Ethical Considerations Highlighted
DC Kumara also addressed the ethical dimensions of agricultural technology, emphasising the need for responsible innovation. He cautioned against the uncritical adoption of new technologies without considering their potential social and environmental impacts. The rush to embrace agricultural technology should not overshadow considerations of fairness, equity, and sustainability.

He stressed the importance of integrating ethics into the agricultural education curriculum. Future agricultural scientists must be equipped not only with technical skills but also with a strong moral compass to guide their decisions. This includes understanding the potential consequences of their work on smallholder farmers, consumers, and the environment. Faculty training programmes, such as the one being inaugurated, play a crucial role in fostering this ethical awareness.

Kumara highlighted the potential for agricultural technology to exacerbate existing inequalities if not implemented thoughtfully. For example, access to advanced technologies might be limited to larger farms, further marginalising small-scale producers. He urged the faculty to encourage students to consider these issues critically and to develop solutions that promote inclusive and sustainable agricultural development. A balanced approach is key to ensure the responsible use of agricultural technology.
Future of Farming Discussed
Looking ahead, DC envisioned a future where farming is increasingly driven by data and precision. He spoke of the potential for sensors, drones, and artificial intelligence to optimise resource use, improve crop yields, and reduce environmental impact. These advancements, however, require a skilled workforce capable of harnessing their power effectively.

He emphasised the critical role of education in preparing the next generation of farmers and agricultural professionals for this technological revolution. The curriculum needs to evolve to incorporate training in data analysis, remote sensing, and other emerging technologies. Furthermore, faculty training programmes are essential to equip educators with the knowledge and skills needed to deliver this cutting-edge education.

Kumara also highlighted the importance of fostering innovation and entrepreneurship in the agricultural sector. He encouraged the newly appointed faculty to inspire their students to develop new technologies and business models that address the challenges facing Indian agriculture. This includes promoting sustainable farming practices, improving market access for smallholder farmers, and reducing food waste. The future of farming hinges on embracing agricultural technology while upholding strong ethical principles to ensure inclusive development.

July 31, 2025
Bengaluru Crypto Firm Hacked: Rs 384 Crore Stolen

Bengaluru Crypto Firm Hacked: Rs 384 Crore Stolen

A Bengaluru-based cryptocurrency exchange platform, CoinDCX, has been targeted in a major cybercrime, resulting in the theft of Rs 384 crore. Neblio Technologies Private Limited, the parent company of CoinDCX, reported the significant loss due to hacking. This incident marks one of the largest cryptocurrency thefts reported in India.

Hardeep Singh, Vice-President of Public Policy and Government Affairs at Neblio Technologies, filed a police complaint on July 22nd. The complaint details that on July 19th, at approximately 2:37 am, an unauthorised individual gained access to the company’s cryptocurrency wallet. The hacker then transferred cryptocurrency valued at $44 million (Rs 384 crore) to six separate external accounts.
How The Hack Occurred
The initial breach, as revealed by Neblio Technologies’ internal investigation, appears to have originated from a compromised employee’s laptop. Rahul Agarwal, an employee of the company, became a focal point of the investigation when it was discovered that Rs 15 lakh had been transferred into his personal account. This raised immediate suspicion and prompted further scrutiny of his activities and digital footprint.

During questioning, Agarwal admitted to engaging in a part-time job, though the specifics of this employment remain unclear. Investigators are currently exploring the possibility that this side job might have inadvertently exposed his laptop to vulnerabilities, ultimately facilitating the hacking incident. The precise method used to infiltrate Agarwal’s system is still under investigation, but possibilities include malware, phishing attacks, or weak security protocols on his personal device.

The transfer of Rs 384 crore worth of cryptocurrency to multiple external accounts suggests a sophisticated and well-planned operation. The hackers likely employed techniques to mask their location and identities, making it difficult to trace the funds. The rapid movement of such a large sum of cryptocurrency further indicates a high level of technical expertise and coordination. The possibility of an inside job is also being considered, as the employee’s compromised account played a key role in the cryptocurrency theft.

The incident highlights the growing threat of cybercrime targeting cryptocurrency platforms. The value of digital assets and the relative anonymity they offer make them attractive targets for malicious actors. This hacking incident serves as a stark reminder of the need for robust security measures and constant vigilance within the cryptocurrency industry, especially in a tech hub like Bengaluru. Neblio Technologies is cooperating fully with law enforcement to uncover the full extent of the breach and bring the perpetrators to justice.
Investigation Underway
Following the filing of the police complaint by Neblio Technologies, law enforcement agencies in Bengaluru have launched a comprehensive investigation into the Rs 384 crore cryptocurrency theft. A specialised cybercrime unit is working closely with digital forensics experts to trace the flow of funds and identify the individuals responsible for the hacking incident. The investigation is multifaceted, encompassing technical analysis of the compromised systems, financial tracking of the stolen cryptocurrency, and interviews with key personnel at Neblio Technologies.

Authorities are meticulously examining Rahul Agarwal’s laptop and online activity to determine the exact point of entry and the nature of the malware or exploit used. His claims regarding the part-time job are also being thoroughly investigated to ascertain whether he was knowingly or unknowingly involved in the cybercrime. Investigators are exploring all possible leads, including the possibility of an inside job, and leaving no stone unturned to recover the stolen funds and bring the culprits to justice.

The investigation is also focused on assessing the security protocols and infrastructure of Neblio Technologies. Experts are evaluating the company’s vulnerability management practices, access controls, and incident response capabilities to identify any weaknesses that might have been exploited during the hacking incident. The findings of this assessment will be crucial in recommending necessary improvements to prevent similar incidents in the future. The Bengaluru police are collaborating with other law enforcement agencies and cryptocurrency experts to enhance their understanding of the evolving cybercrime landscape and develop effective strategies to combat such threats.

The scale of the cryptocurrency theft has prompted serious concerns among investors and regulators. The investigation aims to provide clarity on the extent of the damage and reassure the public that measures are being taken to address the growing threat of cybercrime in the cryptocurrency sector. The outcome of the investigation will likely have significant implications for the regulatory framework governing cryptocurrency exchanges in India, potentially leading to stricter security requirements and enhanced oversight to protect investors and prevent future hacking incidents. The case underscores the importance of robust cybersecurity measures in the rapidly evolving digital asset landscape.
Impact On Investors
The immediate impact of the Rs 384 crore cryptocurrency theft at Neblio Technologies is a likely dent in investor confidence, both in CoinDCX specifically and in the Indian cryptocurrency market more broadly. Such a large-scale hacking incident raises serious questions about the security and reliability of cryptocurrency exchanges, potentially deterring new investors and causing existing investors to reconsider their positions. The perceived risk associated with investing in digital assets may increase, especially in a market that is already subject to regulatory uncertainty.

For CoinDCX users, the incident creates anxiety and uncertainty about the safety of their funds. While Neblio Technologies has assured users that measures are being taken to secure the platform and recover the stolen assets, the process can take time and may not guarantee full restitution. Investors will be concerned about potential losses and the possibility of future attacks. The reputational damage to CoinDCX could be significant, impacting its ability to attract and retain customers. The company will need to demonstrate a strong commitment to security and transparency to rebuild trust with its user base.

Beyond individual investors, the cybercrime could have wider implications for the cryptocurrency ecosystem in Bengaluru and India. The incident highlights the need for enhanced cybersecurity measures and regulatory oversight in the rapidly growing digital asset sector. It may prompt calls for stricter regulations and greater scrutiny of cryptocurrency exchanges to protect investors from fraud and hacking. This could lead to increased compliance costs for exchanges and potentially slow down the growth of the industry in the short term. However, in the long run, stronger security and regulation could foster greater trust and stability, ultimately benefiting the market as a whole.

The investigation into the hacking incident will be closely watched by investors and regulators alike. The findings of the investigation will shed light on the vulnerabilities that were exploited and the extent to which Neblio Technologies had adequate security measures in place. If the investigation reveals negligence or a failure to adhere to industry best practices, it could result in legal action and further erode investor confidence. Conversely, a transparent and thorough investigation, coupled with proactive measures to enhance security, could help to mitigate the damage and restore faith in the cryptocurrency market. The possibility of an inside job also looms large, and if proven, could further damage investor trust and confidence.

July 31, 2025
Telecom Cyber Security Draft: Industry Concerns

Telecom Cyber Security Draft: Industry Concerns

Leading industry bodies, including the Broadband India Forum (BIF), the Internet and Mobile Association of India (IAMAI), NASSCOM, and CUTS International, have voiced serious concerns regarding the Department of Telecommunications (DoT)’s proposed Draft Telecommunication (Telecom Cyber Security) Amendment Rules, 2025. They caution that these draft rules could lead to excessive regulations, increased compliance burdens, and heightened privacy risks for India’s digital economy. The DoT aims to strengthen cyber security and reduce telecom-related fraud with these amendments.

However, industry stakeholders argue that the proposed amendments significantly overstep the legislative scope of the Telecom Act, 2023. A primary concern is the creation of a new category of regulated entities: “Telecommunication Identifier User Entities” (TIUEs). This move would extend telecom regulations to a broad spectrum of non-telecom digital service providers. IAMAI, in its submission, highlights that the proposed definition of TIUEs could bring nearly all digital platforms using mobile numbers – including e-commerce apps, delivery services, digital wallets, and even schools or hospitals – under the purview of telecom regulations.

Echoing similar concerns, BIF contends that the creation and regulation of TIUEs was “not envisaged” in the Telecom Act, 2023. They argue that imposing binding obligations through delegated legislation exceeds constitutional limits. BIF further notes that “TIUEs do not operate at the network layer” and neither assign nor manage telecom identifiers. Consequently, the proposed rules are deemed irrelevant to their operations. The industry bodies believe that the draft rules, in their current form, could stifle innovation and hinder the growth of India’s digital economy.
Key Provisions Challenged
A central point of contention lies in the broad definition of “telecommunication identifier.” Industry bodies express concerns that the draft rules could interpret this definition so widely that it encompasses virtually any online service that utilises a phone number for user authentication or communication. This expansive interpretation, they argue, would subject a vast array of businesses, far beyond traditional telecom operators, to stringent cyber security regulations and compliance requirements.

Another key provision under scrutiny involves the mandated security practices for TIUEs. The draft rules outline a series of obligations, including implementing robust data encryption, conducting regular security audits, and reporting cyber security incidents to the DoT. Industry representatives argue that these requirements are overly prescriptive and do not adequately consider the diverse nature and risk profiles of different TIUEs. They fear that a one-size-fits-all approach could place an undue burden on smaller businesses and startups, potentially hindering their ability to compete effectively.

Furthermore, the proposed data localisation requirements have raised concerns. The draft rules stipulate that certain categories of user data must be stored within India. While the intent behind this provision is to enhance data security and privacy, industry stakeholders worry about the potential costs and complexities associated with complying with such requirements. They argue that forced data localisation could increase operational expenses, limit access to global cloud services, and potentially fragment the digital ecosystem. These concerns highlight the need for a more nuanced and risk-based approach to data governance.
Potential Impacts Assessed
The potential impacts of these draft rules on India’s digital landscape are significant, according to industry bodies. The primary concern revolves around increased compliance costs. Many smaller companies and start-ups may lack the resources to implement the stringent cyber security measures and reporting mechanisms mandated by the proposed regulations. This could create a barrier to entry, stifling innovation and hindering the growth of the digital economy.

Furthermore, the broadened scope of telecom regulations raises concerns about potential overlaps and inconsistencies with existing legal frameworks, particularly the Information Technology Act, 2000 and the upcoming Digital Personal Data Protection Act, 2023. This regulatory uncertainty could create confusion among businesses and lead to increased litigation. Industry experts suggest that a more harmonised and coordinated approach to cyber security regulation is needed to avoid duplication and ensure clarity.

Another potential impact is on user privacy. The draft rules grant the DoT extensive powers to access and monitor user data for cyber security purposes. While the intention is to protect users from online threats, there are concerns that these powers could be misused or lead to excessive surveillance. Industry bodies emphasise the need for robust safeguards to protect user privacy and ensure transparency in data collection and usage practices. They advocate for a clear and well-defined legal framework that balances the need for cyber security with the fundamental right to privacy.

The industry also fears a chilling effect on foreign investment. The increased regulatory burden and data localisation requirements could make India less attractive as a destination for foreign companies seeking to expand their digital operations. This could have a detrimental impact on India’s competitiveness in the global digital economy. Stakeholders urge the government to carefully consider the potential economic consequences of the draft rules and to engage in meaningful consultations with industry before finalising the regulations. A balanced approach is crucial to fostering a thriving and secure digital ecosystem.

July 31, 2025
SIDBI MSME Outlook Survey: India’s Small Business Economy

SIDBI MSME Outlook Survey: India’s Small Business Economy

The latest findings from SIDBI’s MSME outlook survey reveal a strengthening business confidence among Indian Micro, Small, and Medium Enterprises (MSMEs). The Composite MSME Business Confidence Index (M-BCI) for the first quarter of FY2026 (April–June 2025) has climbed to 63.75, a notable increase from 60.82 in the previous quarter. This positive shift indicates a generally favourable business environment for small business across India.

Manufacturing and trading sectors have experienced particularly sharp improvements in confidence. The services sector, while already strong, continues to maintain a high confidence level above 60, demonstrating sustained optimism within this segment of the MSME economy.

Looking ahead, the outlook remains promising. The Composite MSME Business Expectations Index (M-BEI) currently stands at 62.19 for the next quarter. Projections show a further rise to 67.88 for the corresponding quarter next year, indicating a robust long-term outlook. Sentiments are especially strong in the trading and services sectors, with the M-BEI for Q1FY2027 recorded at 68.32 and 68.24 respectively.

While a moderate dip in expectation indices is observed for Q2FY2026, this likely reflects near-term global uncertainties impacting the MSME sector. However, the overall trend suggests that long-term optimism remains firmly intact, pointing towards continued growth and resilience within the MSME economy.
Msme Sector Challenges
Despite the overall positive sentiment reflected in the latest MSME outlook survey, the sector continues to grapple with a number of significant challenges. Access to adequate and timely finance remains a persistent hurdle for many small business in India. While the survey indicates improvements in working capital availability, many MSMEs, particularly those in rural or underserved areas, still struggle to secure loans and credit at competitive interest rates. This financial constraint often limits their ability to invest in technology upgrades, expand operations, and effectively manage their cash flow.

Another key challenge highlighted by the survey is the availability of skilled labour. The rapid pace of technological advancements and evolving industry demands require MSMEs to have access to a workforce equipped with the necessary skills and expertise. However, many MSMEs face difficulties in attracting and retaining skilled employees, leading to skill gaps and hindering their productivity and competitiveness. Addressing this skills gap through targeted training programmes and industry-academia collaborations is crucial for the sustained growth of the MSME economy.

The survey also sheds light on the challenges related to the ease of doing business. Complex regulatory procedures, bureaucratic hurdles, and compliance requirements often create significant obstacles for MSMEs, diverting their time and resources away from core business activities. Streamlining regulatory processes, reducing compliance burdens, and promoting a more business-friendly environment are essential for fostering the growth and development of the MSME sector. Additionally, global economic uncertainties and supply chain disruptions continue to pose challenges for MSMEs, impacting their sales, profitability, and overall business outlook. The April-June 2025 period may bring specific challenges, requiring proactive measures to mitigate potential risks.

In addition to these challenges, MSMEs are also facing increasing competition from larger enterprises and global players. To remain competitive, MSMEs need to embrace innovation, adopt new technologies, and enhance their product and service offerings. SIDBI plays a crucial role in supporting MSMEs in overcoming these challenges by providing access to finance, promoting skill development, and advocating for policy reforms that create a more conducive business environment for the MSME sector in India.
Sidbi’s Response
In response to the challenges and opportunities identified in the outlook survey, SIDBI is actively engaged in a multi-pronged approach to support the MSME sector. A key focus area is enhancing access to finance for small business. SIDBI offers a range of financial products and services tailored to the specific needs of MSMEs, including term loans, working capital finance, and equity investments. It is also actively promoting digital lending platforms and fintech solutions to improve the efficiency and reach of its financial assistance programmes. SIDBI has significantly scaled up its partnerships with banks and other financial institutions to enhance credit flow to MSMEs across India, particularly in underserved regions.

Recognising the critical importance of skill development, SIDBI is also investing in initiatives to address the skills gap in the MSME sector. It supports training programmes and vocational courses that equip MSME employees with the skills and knowledge required to thrive in a rapidly evolving business environment. SIDBI also facilitates industry-academia collaborations to ensure that training programmes are aligned with the needs of the MSME sector. These programmes aim to boost the productivity and competitiveness of the MSME economy.

Furthermore, SIDBI actively advocates for policy reforms that promote a more conducive business environment for MSMEs. It works closely with government agencies and other stakeholders to streamline regulatory processes, reduce compliance burdens, and promote ease of doing business. SIDBI also plays a crucial role in creating awareness about government schemes and initiatives designed to support the MSME sector. This includes providing guidance and support to MSMEs in accessing these schemes and complying with relevant regulations. The April-June 2025 period is likely to see further refinements in SIDBI’s approach, informed by the findings of the MSME outlook survey, ensuring its interventions remain relevant and impactful for small business in India. SIDBI’s commitment is to foster a vibrant and resilient MSME economy.

July 31, 2025
India’s gas hydrate ambitions

India’s Gas Hydrates: Energy Independence Hopes

India is pinning its hopes on developing gas hydrate extraction technology to significantly lessen its reliance on imported oil and natural gas, according to Dr Pawan Devangan, a Senior Principal Scientist at the CSIR-National Institute of Oceanography (NIO). The nation currently imports approximately 85 per cent of its oil and gas requirements.

However, substantial gas hydrates deposits, discovered in 2006 within the Krishna-Godavari basin, the Mahanadi basin, and the Andaman region, represent a potential turning point. These deposits are estimated to hold 1,894 trillion cubic metres of natural gas. If extraction becomes economically viable, they could contribute substantially to India’s energy independence.

The NIO scientist explained that gas hydrates are crystalline solids where gas molecules, predominantly methane, are enclosed within a lattice of water molecules. Upon dissociation at room temperature and pressure, a single cubic metre of gas hydrates can release an impressive 164 cubic metres of methane gas. The development of effective technology is crucial to unlock this potential.
Technology And Challenges
The primary hurdle in harnessing gas hydrates lies in the technological challenges associated with their extraction. Currently, commercially viable extraction technology remains elusive. Various methods are under investigation globally to effectively dissociate the gas hydrates and release the trapped methane, but none have yet demonstrated consistent and economical performance at scale. The NIO scientist and his team are actively involved in researching and developing suitable extraction techniques tailored to India’s specific geological conditions.

One of the major challenges is the stability of gas hydrates. They exist under specific pressure and temperature conditions, typically found in deep sea or permafrost regions. Disturbing these conditions can lead to uncontrolled dissociation, potentially causing geological instability and the release of methane, a potent greenhouse gas, into the atmosphere. Therefore, any extraction method must prioritise environmental safety and minimise the risk of unintended consequences.

Furthermore, the location of gas hydrates deposits, often in deep-sea environments, presents significant engineering and logistical difficulties. Developing infrastructure for deep sea mining, including pipelines and processing facilities, requires substantial investment and technological innovation. The economic feasibility of gas hydrates extraction is closely tied to overcoming these technological and logistical hurdles. India’s pursuit of energy independence hinges on successful innovation in this domain.

Research efforts are focusing on several extraction methods, including depressurisation, thermal stimulation, and inhibitor injection. Depressurisation involves reducing the pressure around the gas hydrates to induce dissociation. Thermal stimulation uses heat to raise the temperature and destabilise the hydrate structure. Inhibitor injection introduces chemicals that disrupt the hydrate lattice. Each method has its advantages and disadvantages, and the optimal approach may vary depending on the specific characteristics of the gas hydrates deposit. India is exploring all these options to secure future supply of natural gas.
Future Prospects
Looking ahead, the successful development and deployment of gas hydrates extraction technology holds significant promise for India’s energy future. The potential to tap into this vast resource could dramatically reduce the country’s reliance on imported natural gas, bolstering its energy security and shielding it from volatile global energy markets. Achieving energy independence through gas hydrates would have profound economic and strategic implications for India.

Further exploration and assessment of India’s gas hydrates reserves are crucial to refine resource estimates and identify the most promising sites for pilot projects. Collaborations between research institutions like NIO, government agencies, and private sector companies will be essential to accelerate technology development and de-risk investment in this nascent field. International partnerships can also facilitate knowledge sharing and access to cutting-edge expertise in deep sea mining and gas hydrates extraction.

Beyond energy security, the development of gas hydrates technology could create new opportunities for economic growth and job creation in India. A thriving gas hydrates industry would stimulate innovation in engineering, materials science, and offshore technology. It would also create demand for skilled workers in exploration, extraction, processing, and transportation. India’s commitment to sustainable development will necessitate stringent environmental safeguards and responsible resource management practices throughout the gas hydrates value chain.

July 18, 2025
Noida secures second Electronics Manufacturing Hub

Noida secures second Electronics Manufacturing Hub

Noida is set to receive a significant manufacturing boost with the government approval for a second electronics manufacturing cluster, EMC 2.0. This initiative, backed by a ₹417 Cr investment, aims to bolster local manufacturing and foster innovation within the electronics industry. The Union Government, operating through the Ministry of Electronics and IT, has given the green light for establishing the Electronics Manufacturing Cluster (EMC 2.0) in Noida, Gautam Buddha Nagar, Uttar Pradesh.

Senior officials, including IT Minister Ashwini Vaishnaw and Minister of State Jitin Prasada, reviewed the project, highlighting its importance. The Yamuna Expressway Industrial Development Authority (YEIDA) will spearhead the industrial development of the Electronics Manufacturing Cluster 2.0 in Noida. Spanning across 200 acres, this cluster is anticipated to attract investments of approximately ₹2,500 crore, further catalysing economic growth in the region.

Recognising the state government’s critical role, officials have been directed to collaborate closely with Uttar Pradesh authorities. This collaborative approach aims to ensure the swift and efficient execution of the project, maximising its positive impact on the local economy and the broader electronics industry.

Investment And Job Creation

The establishment of the electronics manufacturing cluster in Noida is projected to unlock substantial investment opportunities and create numerous jobs within the region. The anticipated ₹2,500 crore investment is expected to spur industrial development and attract both domestic and international companies involved in the electronics industry. This influx of capital will not only boost the local economy but also enhance Noida’s reputation as a prime destination for electronics manufacturing.

Beyond the direct financial investment, the EMC 2.0 initiative promises a significant manufacturing boost to the job market. The cluster is forecast to generate a multitude of employment opportunities across various skill levels, ranging from highly skilled engineers and technicians to assembly line workers and support staff. This job creation will positively impact the livelihoods of thousands of families in Uttar Pradesh and contribute to the overall socio-economic development of the region. The government approval reflects a commitment to strengthening the electronics manufacturing sector and fostering economic prosperity through targeted investment and industrial development.

The ₹417 Cr investment in infrastructure and facilities within the electronics manufacturing cluster is strategically designed to support the growth and competitiveness of businesses operating within the park. By providing access to world-class infrastructure and shared resources, the EMC 2.0 aims to lower operational costs and enhance productivity for companies. This will further incentivise investment and expansion, leading to even greater job creation and economic growth in the long term. Noida is set to become a hub for innovation and manufacturing excellence, attracting talent and driving economic prosperity for years to come.

Challenges And Future Outlook

Despite the promising outlook, the Noida electronics manufacturing cluster faces several challenges. Securing a consistent supply chain for raw materials and components is crucial. Fluctuations in global markets and geopolitical factors could disrupt the availability and pricing of essential inputs, potentially impacting production schedules and profitability. Furthermore, attracting and retaining skilled labour remains a key concern. The electronics industry requires a highly trained workforce, and Noida must invest in skill development programs to meet the growing demand. Competition from other manufacturing hubs, both within India and internationally, poses another challenge. Noida needs to differentiate itself by offering a competitive business environment, streamlined regulatory processes, and robust infrastructure.

Looking ahead, the future of the electronics manufacturing cluster hinges on continuous innovation and adaptation. Embracing new technologies, such as automation and artificial intelligence, is essential to enhance productivity and efficiency. Furthermore, fostering collaboration between industry, academia, and research institutions can drive innovation and create a vibrant ecosystem. The government approval and ₹417 Cr investment provide a strong foundation, but sustained effort is required to ensure the long-term success of the project. Addressing these challenges proactively and capitalising on emerging opportunities will pave the way for Noida to become a leading electronics manufacturing hub and contribute significantly to the growth of the electronics industry in Uttar Pradesh.

Moreover, environmental sustainability needs prioritising. As industrial development intensifies, it’s crucial to adopt eco-friendly manufacturing practices and minimise the environmental footprint of the electronics manufacturing cluster. Implementing waste management systems, promoting energy efficiency, and encouraging the use of renewable energy sources are vital steps. By embracing sustainability, Noida can attract environmentally conscious investors and ensure the long-term viability of the electronics manufacturing cluster.

June 26, 2025