The number of humanoid robots in use could reach three billion by 2060. With the global population projected at 10.07 billion that year (source: Worldometer), that’s one robot for every three of us. What might this shift mean for human employment, identity and purpose? What do the stars foretell about robots? Humanoid robot ownership could…
New Delhi: Starting April, the government will bring out the monthly industrial production data in 28 days, instead of the current practice of releasing it in 42 days, the Union statistics ministry said on Thursday. The reduced time for bringing out the widely-watched barometer for industrial activity is likely to benefit economists, policy makers and…
Private equity (PE) investments in real estate have steadily declined in the last five years, mainly on account of lower fund inflow in office buildings. Compensating for the fall in office investments, funding in warehousing assets rose sharply. Mint explains: How has funding in real estate fared? PE investments in real estate have declined over…
After all, the US was pretty close to full employment and its labour market has been fairly tight for years. Inflation had begun to float down. So it is inexplicable why he would break something that wasn’t broken. As Fareed Zakaria set out in a recent video, in 1990 the US economy was the same…
Early in 2024, Jayalakshmi got to know of a shoe factory coming up at Eraiyur, 10km away. The factory was looking for women workers. She applied, unsure if she could be recruited—Jayalakshmi had studied till the 9th standard and had no work experience. But the shoe factory welcomed her, giving her a vocational pathway she…
The Central Drugs Standard Control Organisation (CDSCO), headed by the Drugs Controller General of India (DCGI), will do the checks to review the compliance status of MSME drug firms’ good manufacturing practices (GMP), the people added. “Right now, DCGI is still getting applications as the deadline is open,” the first official said. “Only after the…
The American side has asked for tariff concessions on petrochemical exports to India, even as their Indian counterparts are pushing more value addition to be done in India—less imports from the US of finished goods and more of raw materials to be processed in India. Currently, India imports both raw materials—mostly crude oil—and finished goods…
The HSBC India manufacturing PMI dropped to 56.3 in February from 57.7 in January. Last month’s reading is the lowest in 14 months. Local demand seems to have cooled, which led order books filling up with less vigour. Also Read: Wrong target: Why should an AI workflow tracker evoke outrage? On the brighter side, overseas…
Further, there is the possibility of even more drastic measures like “reciprocal tariffs” (with the possible inclusion of foreign value added taxes) and duties on US imports of critical minerals, apart from universal tariffs on all imports. Also Read: Think win-win: India should try some mineral diplomacy in its relations with the US We are…
Hard data is supposed to be cold and impersonal but also has the capacity to evoke myriad feelings. Consider the series of national-accounts data released on 28 February: India’s gross domestic product (GDP) for the quarter from October to December 2024, second advance GDP estimates for 2024-25, first revised estimate for the previous year and…
