79 pc Indians believe AI will enable finance professionals to add more value: Report
About 79 per cent of Indians believe Artificial Intelligence (AI) will enable finance professionals to add more value, while 61 per cent said they are not developing the skills needed for the future workplace, a new report revealed on Wednesday.
According to the Association of Chartered Certified Accountants (ACCA), 82 per cent of Indians believe an organisation that has a strong diversity and inclusivity culture would be a key factor in deciding to work there. “India has made quick progress in this area, but the opportunity now is to expand the focus to include other diversity dimensions such as neurodiversity and disability,” said Md. Sajid Khan, Director – ACCA India.
“This will require coordinated efforts between corporates, communities and government to properly address the issue. Leaders have a critical role to play in driving the equity, diversity and inclusivity agenda,” he added.
The report surveyed almost 10,000 accountancy professionals worldwide, including India.
According to the report, not having the right skills for the future is a big concern for Indian professionals.
Around 64 per cent want to move roles in the next 12 months, while 76 per cent want to move internationally in their career at some point.
Moreover, the report mentioned that 78 per cent of Indian professionals will ask their employer for a pay rise in the next 12 months, while 57 per cent believe the best way to improve their salary is to leave their current organisation.
Driven by conducive government policies and incentives towards a green future, India now has more than 150 two-wheeler electric vehicle (EV) startups, a new report said on Wednesday. According to an analysis by global investment advisory firm Bernstein, the Indian EV segment is expected to grow 15-20 times to reach annual sales of 15-20 million units over the next decade.
“Around 85 per cent of the 65 models launched last year were such products — high-speed as against speed and range-constrained products, which used to be a feature of the startups,” according to the Bernstein report.
“The average battery capacity for new launches increased from 2.3 kWh (kilowatt-hour) in 2022 to 3 kWh,” the analysis noted.TechCrunch was first to report on the Bernstein analysis. The new EV manufacturing policy, announced by the Central government last week, aims to not only attract global players to India but also stress on domestic value addition.
The new policy sets the stage for a vibrant future-mobility global manufacturing hub in the country.
The policy fixes a minimum investment of Rs 4,150 crore for foreign companies who want to set up EV manufacturing facilities in the country.
The Indian EV market is experiencing notable expansion, with a particular focus on meeting the surging demand for cleaner transportation, which is also necessitating a parallel expansion of charging infrastructure to cater to escalating demand.
The country may see 1 crore EV sales annually by 2030, generating nearly 5 crore jobs, according to Nitin Gadkari, Union Minister of Road Transport and Highways.