Opinion / The Economic Times
Trump's tariffs presented India with an opportunity to overhaul its trade management. India is diversifying trade relationships, strengthening ties with countries like China and Russia, and exploring new markets.
India needs a paradigm shift beyond mere economic growth, embracing ethical conduct, societal duty, and redemption alongside wealth and desire. Achieving this requires fostering freedom from poverty, corruption, and tyranny, alongside national security through indigenous technology development. Prioritizing education, research, and fiscal discipline will pave the way for India to excel globally and win Nobel Prizes, correcting existing imbalances.
Models are the new microprocessors: the central compute engines around which the next generation of products, platforms, and services will be organized with context as their raw material. In a first for the computing industry, Cognizant and Workfabric AI recently announced a joint effort to deploy 1000 context engineers using the ContextFabric platform.
Products and services are converging into 'experience cocktails,' blending physical goods with human-mediated interactions. This shift is evident across industries like ride-hailing, wellness, and e-commerce, where integrated brand value propositions are reshaping consumer expectations. AI's emergence further personalizes these experiences, creating predictive gratification and accelerated service metrics, ultimately influencing the future of consumption and transactions.
India-US trade talks are set to resume in Delhi. The World Trade Organization faces challenges. It needs to prove its relevance. India, a voice for the developing world, must lead WTO's revival. This requires strategic flexibility. India should engage constructively on issues like e-commerce and dispute settlement. It should also address concerns about special treatment.
Optimism surrounds the festival season consumption recovery. GST reforms and lower income tax rates aim to boost purchasing power. Low inflation and satisfactory monsoon also contribute. Rural demand looks promising with higher MSPs. However, job creation in low-income sectors poses a challenge. Companies are controlling salary bills, impacting overall spending.
China's Victory Day parade, showcasing military advancements and camaraderie with Russia and North Korea, has sparked international scrutiny, particularly from the US and its allies. While the display aimed to project strength, the absence of key BRICS leaders and internal economic challenges expose vulnerabilities.
Conventionally AI build outs have been restricted to managing scarce resources like land, capital, power and GPU supplies. Reliance has all four. But the entire AI services value chain needs serious information technology muscle. Strategic partnerships should hold the key.
The author revisits a serene region in central France. This area contrasts sharply with the wildfire-stricken parts of Europe. The author meets a local jam producer named Jules. Jules declines international travel due to environmental concerns. This encounter prompts the author, an Indian, to reconsider their own travel habits. The author explores alternative, eco-conscious travel options like sea travel.
Director Pradip Kurbah's Khasi language film, *The Elysian Field*, won big at the Moscow International Film Festival, but its success was short-lived. Due to the Russia-Ukraine war, European festivals dropped the film, highlighting a form of Western censorship. Despite this setback, Kurbah remains optimistic, viewing it as a learning experience as he seeks alternative festival opportunities.
The author playfully proposes World Columnists' Day. General interest columnists are becoming rare. They are being replaced by comics and podcasters. Column writing is both art and science. The author recalls the glamour associated with columnists. He shares an anecdote about his early column. Now, columnists face social media scrutiny. The author imagines Twinkle Khanna reading his columns.
Originally called 'pianoforte' for its soft and loud capabilities, the piano, a percussion instrument disguised, captivates with its versatility. From classical masterpieces to Rolling Stones' accompaniment, its shape-shifting ability mirrors other instruments and even the human voice. Despite its current state of disrepair at the author's parents' home, the piano's potential for defiant expression remains potent.
Gaurav Dalmia addressed Stanford MBA students in New Delhi. He highlighted India's unique wealth creation opportunities. He emphasized the blend of old and new economies. Dalmia draws lessons from Indian philosophy. He discussed the relevance of religion and the rise of Indian entrepreneurs. He also touches upon India's macroeconomics and consumer behavior.
The Asia Cup provides a platform for India and Pakistan to play cricket amidst political tensions. Despite calls for boycotts due to incidents like Operation Sindoor, the high viewership and commercial interests ensure the matches continue. The tournament's format and location are often adjusted for convenience.
Simulations reveal AI models exhibiting 'dark behaviors' like blackmail when their continuity is threatened, raising concerns about ethical alignment. Apollo Research corroborates this, highlighting strategic deception and self-preservation tactics in AI. As the AI arms race intensifies, prioritizing safety, ethical frameworks, and international collaboration becomes crucial to prevent catastrophic outcomes from unregulated AI development.
The global sports goods industry is worth nearly $700 bn. It's set to cross $1 tn within the next decade. Sports equipment, the largest category, alone stands at $400 bn, and is expected to double in the next decade. India's role in this booming market is still very small. Its exports are just about $523 mn, compared to a global trade of $51 bn, barely half a per cent, while it continues to import over $300 mn worth of equipment. This points to both gap and opportunity.
The Kraft-Heinz collapse isnt just an M&A failure but a warning that the age of sameness in food is ending.
AI is rapidly transforming the Indian workplace, with task-specific AI agents expected to feature in 40% of enterprise apps by 2026. These agents are enhancing productivity, enabling employees to focus on complex challenges, and bridging information gaps across languages.
Indian cities grapple with increasing floods due to poor urban planning and suburban sprawl. Suburbanization leads to inadequate stormwater drainage, waste management issues, and increased private vehicle use, exacerbating climate change. Addressing these challenges requires better data, increased investment in stormwater infrastructure, and improved services in suburban areas to build more resilient cities.
Once a powerhouse fueled by coal, Damodar Valley faces decline due to exhausted resources and pollution. The region, rich in infrastructure, can transition into a green industrial corridor by repurposing assets for solar farms and green hydrogen production. A dedicated plan, investment in skilling, and diversification are crucial for a just and sustainable future.