The unprecedented global economic crisis brought upon by the COVID-19 pandemic made the world realize that globalization is essential but being self-reliant is also important. Championing the call for “Made in India, Made for the world”, the government is taking steps in the right direction to create a self-sufficient nation. Addressing the insufficiencies and challenges
The increasing adoption of digitization coupled with enhanced connectivity is rapidly accelerating the demand for modern electronics. The global consumer electronics market size was valued at over USD1 trillion and is anticipated to grow at a CAGR of 8% from 2021 to 2027 with increasing internet penetration. All modern electronics require semiconductors that sit in the heart of integrated
With an increased focus on sustainability and the environment, electric vehicles are becoming hugely popular. Despite supply chain disruptions caused by the COVID-19 pandemic, EV vehicles sales in the US have been record-breaking in 2021, with 310,000 EVs sold in the first half of the year, which is close to the 2020 total of about 322,000 for the entire
Rich rewards often entail great risks, and the same stands true for the highly volatile cryptocurrency market. The economic uncertainties in 2020 led to a heightened interest of masses and large institutional investors in a new-age asset class like cryptocurrency. Ever since the country’s Supreme Court overturned a previous ban on cryptocurrencies in March 2020,
For years, credit cards and debit cards have remained the most popular way of conducting transactions. In 2020, cash, debit card, and credit card payments accounted for approximately 19%, 28%, and 27% of the total number of transactions made by the US consumers, according to the 2021 findings from the Diary of Consumer Payment Choice. However, with the advancements in technology
Fluctuating oil prices and growing environmental concerns are pushing consumers toward alternatives to internal combustion engine (ICE) vehicles, accelerating the adoption of electric vehicles. According to the International Energy Agency’s Global EV Data Explorer, nearly 1.8 million EVs were registered in the US in 2020, representing 11.5% of the global EV sales. The annual electric vehicle sales in the US
There has been a crazy new trend of ginormous global companies dismantling into multiple entities as diversification isn’t a rage in the corporate world. Companies like Johnson & Johnson, GE, Pfizer, Merck, GlaxoSmithKline have recently announced their corporate divorces, but the splits are not confined to the healthcare sector. Many tech giants, global retail brands,
The long-hyped promise of 5G is gradually becoming a reality as communication service provides worldwide are battling one another to deploy 5G networks. While 4G networks are quick enough for most users for their internet needs, the next evolution of wireless networks is increasing at a rapid pace. Countries that want to stay competitive in
According to the World Health Organization statistics, currently approx. 463 million people are living with diabetes throughout the world. The number is set to rise to some 700 million by 2045. Diabetes is one of the leading causes of death globally, accounting for more than 79,000 deaths annually. The growing prevalence of diabetes worldwide due to poor lifestyle, inadequate physical activity,
The COVID-19 pandemic induced travel and transportation restrictions across the world led to a drastic drop in sales & procurement and disrupted global trade substantially. Worldwide merchandize trade fell 5.3% in 2020 as countries imposed lockdown restrictions to limit coronavirus spread. Although the world merchandize trade volume is expected to increase by 8% in 2021, the trade growth will
