Indian Economy: News and Discussion

sorcerer

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Push for artificial intelligence: India is turning from man to machines to get its economic data right

The Ministry of Statistics is ramping up use of artificial intelligence for collecting, analyzing and reporting data to better monitor the economy. The measures include a $60 million program with World Bank help using an information portal that collates real-time data.


:clap2::clap2::clap2:
 

FalconSlayers

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Push for artificial intelligence: India is turning from man to machines to get its economic data right

The Ministry of Statistics is ramping up use of artificial intelligence for collecting, analyzing and reporting data to better monitor the economy. The measures include a $60 million program with World Bank help using an information portal that collates real-time data.


:clap2::clap2::clap2:
While super power porkistan is way too poor to incorporate new tech.
 

FalconSlayers

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Richie rich
Indian mindset is too awful, we earn lakhs but consider even 10 rs also as something Big and get a heart attack seeing things in thousands of rs. Our mindset is saving and saving and never use it. Many in India would be earning 30 lakh annually but will oppose buying new smartphone coz it costs 1 lakh even on emi. I should say its awkward.
 

sorcerer

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GeM becomes India's first e-commerce portal to hit this mega milestone; transaction value crosses Rs 80k crore
For financial year 2020-21, the government procurement from micro and small enterprises was worth Rs 23,424 crore.

Within four and a half years of its launch, the marketplace has crossed the 10-lakh-seller milestone.

As of January 27, 2020, the Government eMarketplace (GeM), listed 10,13,448 sellers and service providers across over 13,000 product and 178 service categories, as per the data sourced from the marketplace.

The GeM was launched on August 9, 2016 and has processed 55.74 lakh orders with the transaction value crossing the Rs 80,000-crore mark, becoming the largest e-commerce marketplace in the country.

The portal witnessed increase in micro and small sellers from 66,000 in January 2020 to over 4.71 lakh in January 2021. This has led to a jump in their share from 22% to 46. 5% of the total seller count during the said period. The value of orders processed by these micro and small sellers was 57.90% at the time of filing this report.

The government in partnership with SBI has been working on launching a B2C e-commerce marketplace Bharat Craft for MSMEs to market and sell their products in India and internationally like platforms such as Amazon and Alibaba.

The government procurement from micro and small enterprises, as per public procurement policy monitoring portal MSME Sambandh, as of January 27, 2020, was worth Rs 23,424 crore. The goods were procured from over 1.11 lakh MSEs while procurement from SC/ST and women-owned enterprises was worth Rs 446 crore and Rs 469 crore, respectively. The overall procurement from government enterprises and departments in the financial year 2020-21 so far stood at Rs 73,933 crore.
 

sauntheninja

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mokoman

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Passed, but as expected, riddled with loopholes to exploit.
But enough to pacify the mobs and their ring leaders.

Those wanting Rejervashun are most easily jewed.
what exactly are these loop holes ?

Another useless trick to win votes.Who in right mind would invest money there now ?

Hopefully supreme court strikes it down.
 

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