Tuesday, May 12, 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

Cocaine worth Rs 220 cr seized from Denmark-bound ship at Paradip port

Cocaine worth Rs 220 cr seized from Denmark-bound ship at Paradip port
Customs officials have seized a large quantity of cocaine from a Denmark-bound ship berthed at the Paradip International Cargo Terminal at Paradip port during a raid, an official said Friday. The officials have recovered cocaine weighing 22 kg valued at around Rs 220 crore in the international market during the search of the ship that continued on Friday.

Cocaine worth Rs 220 cr seized from Denmark-bound ship at Paradip port

Congress taunts BJP after World Bank withdraws paper flagging decline over toilet usage

Congress taunts BJP after World Bank withdraws paper flagging decline over toilet usage
Congress on Friday taunted the government over the success of Swachh Bharat Mission saying that the World Bank has to withdraw its paper that flagged decline in the use of toilets in rural India between 2018 and 2021. The Congress asked the government that instead of suppressing data and declaring victory over open defecation, an open and transparent audit of toilet usage and sanitation in India, along with reversing budget cuts.  

Congress taunts BJP after World Bank withdraws paper flagging decline over toilet usage

Increase in BSF's jurisdiction does not take away powers of Punjab Police, says SC

Increase in BSF's jurisdiction does not take away powers of Punjab Police, says SC
A bench, headed by CJI D.Y. Chandrachud and comprising Justices J.B. Pardiwala and Manoj Misra, was hearing an original suit filed by the Punjab government under Article 131 of the Constitution against the Ministry of Home Affairs (MHA) notification issued in October 2021.  

Increase in BSF's jurisdiction does not take away powers of Punjab Police, says SC

‘Maximum global talk, minimum local walk’ is principle followed by PM Modi: Congress

‘Maximum global talk, minimum local walk’ is principle followed by PM Modi: Congress
The Congress on Friday hit out at Prime Minister Narendra Modi, who told the COP 28 meeting in Dubai that India has "struck a great balance between ecology and economy", saying this was "yet another of his trademark falsehoods". 

‘Maximum global talk, minimum local walk’ is principle followed by PM Modi: Congress

Forest scam: ED searches premises of former minister in Punjab

Forest scam: ED searches premises of former minister in Punjab
The Enforcement Directorate (ED) on Thursday carried out searches at multiple locations in Punjab, including the premises of former Congress Minister Sadhu Singh Dharamsot, in connection with the alleged forest scam. An ED source said that the agency teams are searching the premises of Dharamsot and a contractor.  

Forest scam: ED searches premises of former minister in Punjab

Matter of concern, contrary to govt's policy: India reacts to US in SFJ's Pannun case

Matter of concern, contrary to govt's policy: India reacts to US in SFJ's Pannun case
The remarks from the MEA came after the US prosecutors on Wednesday announced murder-for-hire charges against Indian national Nikhil Gupta for involvement in a foiled plot to assassinate a US citizen allegedly on behalf of an Indian government employee. Gupta was arrested by Czech authorities on June 30 in response to a request by the US under an extradition treaty, according to a statement issued by the office of the US Attorney for the Southern District of New York Damian Williams.  

Matter of concern, contrary to govt's policy: India reacts to US in SFJ's Pannun case