Monday, February 16, 2026
ADVT 
India

India one of the world's fastest-growing economies, global hub for startups: WEF report

Darpan News Desk IANS, 20 Jan, 2025 02:19 PM
  • India one of the world's fastest-growing economies, global hub for startups: WEF report

New Delhi, Jan 20 (IANS) India stands at the forefront as one of the world's fastest-growing economies and a global hub for startups and digital innovation, a World Economic Forum (WEF) report said on Monday.

According to the report, launched by the Centre for the Fourth Industrial Revolution (C4IR) India, the liaison office of the World Economic Forum (WEF) in India, the country’s "advocacy for and pursuit of developmental templates where technology serves as a bridge rather than a barrier are highly relevant and the Forum is proud to act as its partner in shaping a more human-centric, planet-friendly and resilient future”.

The C4IR India was launched in October 2018 by Prime Minister Narendra Modi, with the aim of driving the adoption and responsible deployment of emerging technologies in India.

A collaboration between the World Economic Forum, coordinated by the NITI Ayog, the launch of the centre is part of the World Economic Forum's global network of centres for the Fourth Industrial Revolution

"Over the past six years, C4IR India has emerged as a key hub for multistakeholder collaboration and has improved the lives of 1.25 million citizens through enhanced livelihoods and better access to healthcare,” said Jeremy Jurgens, Managing Director, World Economic Forum.

The centre has driven fourth industrial revolution technologies across agriculture, health and aviation, setting a benchmark for transformative progress.

“As C4IR India continues to expand, it is now focusing on cutting-edge areas such as AI, climate tech, and space tech, with exciting potential for creating lasting value for society," Jurgens added.

C4IR India aims to reach 10 million citizens by scaling its flagship initiatives and upcoming projects. These include the ‘AI for India 2030’ initiative, which seeks to unlock AI's potential for societal benefit; the ‘Space Economy’ initiative, aimed at positioning India as a leader in space technologies; and the ‘Climate Technology’ programme, which will focus on developing climate-smart urban centres.

According to S Krishnan, Secretary, MeitY, “Our partnership with the Centre for the Fourth Industrial Revolution India focuses on developing a multistakeholder community to leverage Fourth Industrial Revolution technologies for critical challenges on health, education, smart cities and agriculture.

“AI for India 2030 is an important initiative in partnership with MeitY, enabling stakeholders across industry and startups to partner with government to realise the potential of AI,” he added.

Photo courtesy of World Economic Forum.com

MORE India ARTICLES

Budget neglects women, poor & farmers: Punjab Finance Minister

Budget neglects women, poor & farmers: Punjab Finance Minister
Punjab Finance Minister Harpal Singh Cheema on Tuesday criticised the Union Budget for 2024-25, presented by Finance Minister Nirmala Sitharaman, for neglecting the concerns of the women, poor, and farmers. He said that Punjab's interests have been completely disregarded in the Budget.

Budget neglects women, poor & farmers: Punjab Finance Minister

Union Budget will provide no relief from inflation and unemployment: Pilot

Union Budget will provide no relief from inflation and unemployment: Pilot
Congress General Secretary and former Rajasthan Deputy Chief Minister Sachin Pilot said that the Union Budget 2024-25, presented by Finance Minister Nirmala Sitharaman in the Parliament on Tuesday, mentioned the schemes of many states but did not make any announcement for Rajasthan's ERCP and Yamuna Link schemes, "which is a deception with the people of the state".

Union Budget will provide no relief from inflation and unemployment: Pilot

Telangana Cyber Security Bureau busts international fraud network

Telangana Cyber Security Bureau busts international fraud network
The arrests were made during the investigation into a digital fraud case registered on June 29 at Cyber Crime Police Station on a complaint by an elderly victim who lost Rs 5.40 crore. The fraud involved the partial withdrawal of funds from bank accounts and their subsequent conversion into USDT.

Telangana Cyber Security Bureau busts international fraud network

Travel influencer dies after falling into gorge while making Insta Reel

Travel influencer dies after falling into gorge while making Insta Reel
A well-known travel influencer with nearly 2,69,000 followers on Instagram, Aanvi was on an outing with seven friends at the Kumbhe waterfall in Mangao in Maharashtra's Raigad district. According to reports, she was making a reel of the scenic surroundings when she slipped headlong into the gorge.

Travel influencer dies after falling into gorge while making Insta Reel

Major players see India becoming superpower soon as nation on way to be 3rd largest economy: PM Modi

Major players see India becoming superpower soon as nation on way to be 3rd largest economy: PM Modi
Highlighting the 'Great Indian Job Story' with numbers, PM Modi’s post points out that 69 per cent of Indians believe the country’s overall economy is moving in the right direction compared to the global average of 38 per cent. This sentiment is bolstered by India’s rise to the world’s fifth largest economy driven by domestic consumption and the growing influence in forums like BRICS and the G7 summit.

Major players see India becoming superpower soon as nation on way to be 3rd largest economy: PM Modi

Two coal mines in India now ranked among world’s 5 largest mines

Two coal mines in India now ranked among world’s 5 largest mines
Located in Korba district of Chhattisgarh, these two mines produce more than 100 million tonnes of coal annually, accounting for about 10 per cent of India’s total coal production, the Ministry of Coal said on Thursday.

Two coal mines in India now ranked among world’s 5 largest mines