Diversifying from Commodities to Digital Economy
Developing countries see the need to diversify and move away from an economy dependent on commodities to a digital economy. Also using digital tech in rural India to improve the local economies there, shows the need to get areas to diversify their economies.
Times of India reports that hammered by plunging commodity prices, Africa's political and business leaders meet for three days from Wednesday to discuss diversification and entering the digital economy to kickstart growth. The World Economic Forum on Africa opens in the Rwandan capital Kigali on the heels of its bigger avatar in the chic Swiss resort of Davos which stressed the need to shift to the digital era.
Also in the news that Saudi Arabia is trying to shift its economy away from its dependency on oil.
Times of India also reports that the small tea growers in Assam, who contributes over 30% of state's total tea production, are soon to have access to expert advisories on good agricultural practices (GAP) on their cell phone. Tea Board of India (TBI) vice chairman Bidyananda Barkakoty said that the mobile app will help in efficient field management of tea plantation. The app is being developed by the Tata Consultancy Services.