Productivity

India's digitalisation reforms improved productivity in MSMEs: IMF paper

India's digitalisation reforms in public administration have improved productivity in micro, small and medium enterprises (MSMEs) in states that have embraced such changes, the International Monetary Fund (IMF) said in a working paper. The authors compared the productivity of unincorporated manufacturing firms in states that have undertaken more digitalisation reforms with those having fewer such changes in public administration. "We find that states that undertake more public administration digitalisation experience higher productivity growth and lower productivity dispersion among firms," economists Somnath Sharma and Kenichi Ueda. MSMEs contribute around 35 per cent of manufacturing output in India, employ around 110 million workers and contribute about 45 per cent of the overall exports from India. Most MSMEs are not formally registered as companies under India's Companies Act of 1956 and only a few studies have been done on the impact of the business environment reforms on the

With AI, GitHub aims to have a billion software developers: Kyle Daigle

GitHub says AI agents are redefining software development, enabling developers to build, test and deploy faster as India emerges as its second-largest hub

StatsGuru: Productivity gap continues to hinder India's MSME growth

MSMEs accounted for 48.58 per cent of India's merchandise exports in FY25

India Inc believes AI enhances productivity, quality of work: EY report

In India, where 800 employees and 50 employers were surveyed, a strong environment supports employee engagement and resilience in the changing AI landscape

Can AI improve productivity? So far, the evidence is far from clear

AI productivity increases can also sometimes be masked by additional human labour needed to train or operate AI systems

Hindustan Copper collaborates with Chile's Codelco to ramp up production

Hindustan Copper Ltd (HCL) is focusing on copper exploration and production through global collaborations as it seeks to ramp up its mining capacity from 3.47 million tonnes to 12 million tonnes per annum by FY 2030-31, a top company official said on Sunday. The Kolkata-based PSU has forged a partnership with Chile's Codelco to enhance technical strength to boost production, he said. "We've forged a strategic partnership with Codelco to build technical strength and explore deeper mineralisation. The visit of Codelco representatives to our key mining sites is part of efforts to upgrade our capabilities, HCL Chairman and Managing Director Sanjiv Kumar Singh told PTI. A three-week-long visit by experts from the Chilean copper major is currently underway, during which the team has been visiting all HCL units and offices across the country to assess various mining and operational aspects. The development comes in the backdrop of sharp criticism from the Comptroller and Auditor General .

India's high-income goal by 2047 needs faster growth, policy push

Enhancing productivity through innovation and technology infusion is critical. India must facilitate technology transfer, improve ease of doing business, and incentivise research and development

AI-led firms report higher growth, outpace peers in revenue, productivity

Companies embracing AI-led processes globally are experiencing remarkable growth, surpassing their peers with higher revenue growth and greater productivity, according to a report by Accenture. In India, the percentage of organisations fully modernised with AI has surged from 8 per cent in 2023 to an impressive 25 per cent in 2024, marking a significant leap in operational efficiency and revenue generation, the report said. The findings are based on a survey of 2,000 executives across 12 countries and 15 industries, including insights from 200 senior executives based in India. The report, titled "Reinventing Enterprise Operations with Gen AI," highlighted that globally, organisations that have adopted intelligent operations are achieving 2.5 times higher revenue growth and 2.4 times greater productivity than their peers. This trend underscores the transformative power of Generative AI, which has become a catalyst for innovation across various sectors. Notably, 79 per cent of Indian

Productivity boost: India's increasing R&D spending may not be enough

While it is essential to have large corporations leverage economies of scale, the government must ensure that firms do not use their dominant positions to stifle competition

Hershey attacks lawsuits targeting packaging, seeks to end Reese's case

But Hershey said the four plaintiffs ignored disclaimers that such details were only a DECORATING SUGGESTION, and other images that lacked such details

USDA forecasts smaller drop in 2024 farm income as production expenses ease

USDA now estimates this year's net farm income, a broad measure of profitability in the agricultural economy, will hit $140 billion in 2024, down 4.4% or $6.5 billion from a year earlier

Women working in cos leading in gender equality more productive: Survey

Around 41 per cent women have asked for a reduction in their hours, 31 per cent said it has negatively impacted their mental well-being

The art of managing busyness

Slow Productivity is Newport's eighth book; he is also a professor of computer science at Georgetown and a contributing writer at The New Yorker

Use of Adobe GenAI tools in marketing boosted productivity, says IBM

IBM said it was using Adobe's tools, which can generate images from text-based prompts, to help with marketing campaigns

Most employers prioritise quality work over time-punching: Survey

A significant percentage of recruiters believe cultivating a positive work environment and rewards and recognition are essential to boost employees' productivity as against traditional time-based metrics, according to a survey. In contrast to the traditional approaches of evaluating employees based on time and attendance tracking, 7 out of 10 employers prioritise quality work and key performance indicators like targets and project completion rate as the primary indicator of productivity. The survey by jobs and professional networking platform apna.co said that the move towards quality work and target completion as against traditional time-based metrics marks a major shift in productivity assessment approaches. As per the survey, 77 per cent of recruiters believe cultivating a positive work environment and rewards and recognition are essential to boost employees' productivity. Moreover, 5 out of 10 recruiters preferred training and development and regular feedback to minimise ...

The 'revdi' debate needs re-framing

Our goalpost and gaze need shifting from external chest-thumping on world rankings to prioritising human capital and productivity in our polity and election promises

India's junk food bill comes in as obesity, productivity loss increase

Poor dietary patterns have a significant economic cost, warn health experts

Pushing productivity

India must address basic structural flaws

Gen AI more of assistant, hard to say if can operate standalone: Salesforce

Artificial Intelligence and generative technology is more of an assistant rather than a self-functioning unit, and it is difficult to say if it will work on its own in the future, Salesforce India CEO Arundhati Bhattacharya said on Friday. Speaking at a media roundtable, the American technology company's India Chairperson said at present, there is always a human involved in AI operations. "It's more of an assistant right now. We have not reached the point where we can allow it (to operate independently)... will it be totally on its own at some point, is very difficult to say now," she said. She added that Gen AI brings in affordability, and unlike blockchain and crypto, it has specific use cases to solve problems. Addressing data concerns for cloud in regulated industries like Banking, Financial Services and Insurance (BFSI), Bhattacharya said data localisation and compliance changed the ambit of operations for Salesforce. "Before 2020, we did not get into the regulated industries

Poor productivity

Cotton farmers need genetically modified seeds