New Delhi, July 8 (IANS) India’s medical‑device sector is emerging as a regional innovation hub, with exports reaching $4 billion in FY2025 and the country is identified as Asia‑Pacific’s ‘access‑led innovator’, a report said on Wednesday.The report from Bain & Company said India exports medical devices to over 125 countries and imports of high-end medical devices in the country stood at $5.5 billion, highlighting the next opportunity for innovation.The report was developed in part…
Latest Asia-Pacific News & Updates
New Delhi, July 3 (IANS) Japan has emerged as the largest contributor to India’s Global Capability Centre (GCC) ecosystem in the Asia Pacific (APAC) region, with over 100 centres already established, a report showed on Friday.These centres are rapidly evolving into strategic hubs for engineering, digital transformation and product innovation, spanning areas such as AI, embedded systems, cloud, advanced analytics and digital manufacturing, according to the Deloitte India report.Japanese enterpr…
New Delhi, July 1 (IANS) India’s private full-stack space transportation company Agnikul Cosmos has signed a memorandum of understanding (MoU) with Europe-based ICEYE to explore building, launching and operating Synthetic Aperture Radar (SAR) earth observation systems from India.The partnership aims to explore ICEYE’s SAR satellite expertise and its establishment of satellite manufacturing capabilities in India and Agnikul’s full-stack responsive launch capabilities, a company release said.“Pr…
New Delhi, June 26 (IANS) Uber India and South Asia President Prabhjeet Singh, who stepped down on Friday from his role at the ride-hailing company after 11 years, is joining Sam Altman-run OpenAI as its Managing Director for India.According to the leading AI company, Singh will strengthen its leadership team as it expands its presence in one of its top priority markets.Singh will join OpenAI in September and report to Kiran Mani, Managing Director for Asia Pacific, the US-based company said on …
New Delhi, June 25 (IANS) India’s asset and wealth management industry is projected to reach $1.7 trillion in assets under management by 2030, up from $0.9 trillion in 2024, implying a compound annual growth rate of 11.6 per cent, a report said on Thursday.The growth in asset and wealth management industry is driven by parallel growth in institutional capital pools and retail financialisation, the report from PwC said.It further highlighted that India’s rapid growth outlook sits within a broad…
New Delhi, June 24 (IANS) India’s real gross domestic product growth will touch 6.6 per cent in FY27 amid energy stress, a sub‑par monsoon outlook and slowing global growth, a report said on Wednesday.The report from S&P Global Ratings said consumer inflation in India is expected to rise to 5.1 per cent this fiscal year as manufacturers pass higher energy costs to consumers. alongside recent increases in administered prices for petrol, diesel and cooking gas.The firm forecasted a policy …
New Delhi, June 23 (IANS) Nearly 30 per cent of Indian workers said their jobs are secure, placing India third globally and highest in the Asia Pacific region, a report said on Tuesday.Across APAC, only 18 per cent of respondents felt that their jobs are safe, the report from ADP Research said, adding that no country reported a majority of workers confident about long‑term job safety.Only 22 per cent of workers globally strongly agreed their jobs are safe from elimination. The report highlight…
New Delhi, June 23 (IANS) India is emerging as a distinctive sovereign AI market, where regulation, innovation and national digital public infrastructure are closely linked, and 96 per cent of policymakers are advancing a strategy in this field, a report said on Tuesday.The report from Dell Technologies said 97.7 per cent of government leaders expressed confidence in agentic AI as an adoption accelerator, with 44.4 per cent believing it will play a major role well above the Asia Pacific average …
New Delhi, June 22 (IANS) Spending by Indians on experiences — recreational and cultural activities, restaurants, hotels and travel — is expected to outpace spending on physical goods between 2025 and 2030, a report said on Monday.During this period household expenditure on physical goods is likely to grow at a 9.1 per cent compound annual growth rate, while broader experiential spending will likely grow at 10.3 per cent CAGR, the report from real estate services and investment firm CBRE Resea…
New Delhi, June 17 (IANS) India stands out as one of the Asia‑Pacific region’s most AI‑ready healthcare markets, with 78 per cent of consumers using generative AI (GenAI) to better understand diagnoses and treatment options, a report said on Wednesday.The report from Bain & Company said 73 per cent of Indian consumers use it to prepare for appointments, and 72 per cent use it to navigate the healthcare system.Gen Z’s are driving digital health adoption, with 66 per cent of Gen Z resp…