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    CCI imposes penalty on HP India and its certain resellers for indulging in anti-competitive practices in supply of Supplies products

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    National Conference on “NextGen Administrative & e-Gov Reforms” to be held in Shillong on 13–14 July 2026 .

    A delegation led by Karnataka State Cricket Association (KSCA) President Venkatesh Prasad met Chief Minister D.K. Shivakumar at his official residence.

    Chief Minister D.K. Shivakumar visited Minister K.J. George’s residence in Domlur, Bengaluru.

    Chief Minister D.K. Shivakumar inaugurated the Sri Shanmukha Subramanya Temple at Lingadheeranahalli, Banashankari 6th Stage, Bengaluru

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    HCLTech delivers robust Q1 led by record deal bookings of $2.4 billion.

    Payoneer Expands India Presence with New Gurugram Innovation Hub.

    CCI imposes penalty on HP India and its certain resellers for indulging in anti-competitive practices in supply of Supplies products

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    NYB.AI Featured in NVIDIA GTC Taiwan 2026 Opening Showcase, Marking Milestone in AI-Driven Drug Discovery Collaboration.

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    WellSpan Health and Philips Announce Landmark Strategic Alliance, Accelerating Innovation and Research Across Central Pennsylvania and Northern Maryland

    Ramaiah Group and University at Albany Launch RISM, India’s First Greenfield Deemed-to-be University Focused on STEM and Management.

    Samsung Announces World-First Breakthrough in Fainting Prediction With Galaxy Watch.

    Disney and Philips bring together beloved storytelling and innovative technology to support kids undergoing MRI exams

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    HCLTech delivers robust Q1 led by record deal bookings of $2.4 billion.

    L&T Technology Services Global EI Hackathon Sparks the Next Wave of AI-Native Engineering Solutions .

    KATALYST CONNECT: Chief Minister D.K. Shivakumar Chairs Strategic Meeting with GCC Leaders to Shape Karnataka’s Next Phase of Innovation-Led Growth.

    OPPO India Elevates Creative Photography with Reno16 Series featuring AI Portrait Camera and AI Remix Collage.

    Global demand for LNG expected to grow by 65% by 2050

    Movate and MelodyArc Announce Applied AI Partnership to Transform CX Operations with AI-Powered Workflow Orchestration

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    Unprecedented Performance: BMW Group India clocks highest-ever H1 sales with +17% growth.

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    MG accelerates into next era of intelligent mobility with advanced electrification and ADAS technologies.

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    A delegation led by Karnataka State Cricket Association (KSCA) President Venkatesh Prasad met Chief Minister D.K. Shivakumar at his official residence.

    Prince Yadav and Ravi Bishnoi replace injured Harshit Rana and Varun Chakaravarthy.

    Shivamogga Yodhas crowned DACCS Maharaja Trophy KSCA T20 champions with four-wicket win over Bengaluru Blasters.

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    Yamaha Music India Launches EAD50 With Acclaimed Drummer Ranjit Barot As Yamaha Artist.

    Actor Dr. Rajkumar’s 97th birthday celebration on April 24th, at 10.30 am in Dr. Rajkumar Punyabhoomi premises of the Sri Kanteerava Studio .

    Doordarshan Chandana has launched an innovative farmers’ reality show named “Raitaratna” (ರೈತರತ್ನ).

    Phoenix Marketcity brings you a legendary live concert by PADMA BHUSHAN KS CHITRA.

    UNDP Goodwill Ambassador and ‘Game of Thrones’ star Nikolaj Coster-Waldau highlights Odisha’s mangrove restoration story in global documentary series

    House of McDowell’s Soda Yaari Jam, India’s Biggest Branded Live IP, Touches down in Kolkata

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    BlueRose Technologies Launch Worlds First Ever Digital Heirloom – LifeTree.

    Katrina Kaif Is Back as Bonn’s Face – How the Brand Is Turning Her Star Power Into Lasting Brand Equity

    Yamaha Music India Launches EAD50 With Acclaimed Drummer Ranjit Barot As Yamaha Artist.

    ABD’s ICONiQ White Whisky Achieves Highest-Ever Monthly Sales, Over 1 Million Cases in a Month.

    Air India introduces ‘basic’ fare option, expanding customer choice in economy class on domestic travel.

    Samsung Announces World-First Breakthrough in Fainting Prediction With Galaxy Watch.

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  • Home
  • World

    HCLTech delivers robust Q1 led by record deal bookings of $2.4 billion.

    Payoneer Expands India Presence with New Gurugram Innovation Hub.

    Cluster Industrial Locations and Benefits of Private Aviation.

    Switrus Expands Beyond Europe with Launch of Switrus Asia.

    L&T Technology Services Global EI Hackathon Sparks the Next Wave of AI-Native Engineering Solutions .

    Nita Ambani Announces India-America Health Alliance Partnership at AAPI’s 44th Annual Convention, Received AAPI Humanitarian Award 2026.

  • National
    • All
    • Economy & Politics
    • Election

    CCI imposes penalty on HP India and its certain resellers for indulging in anti-competitive practices in supply of Supplies products

    H.D. Kumaraswamy Inaugurates 84,000 m³ RCC Water Reservoir to Strengthen IISCO’s Expansion and Water Security

    National Conference on “NextGen Administrative & e-Gov Reforms” to be held in Shillong on 13–14 July 2026 .

    A delegation led by Karnataka State Cricket Association (KSCA) President Venkatesh Prasad met Chief Minister D.K. Shivakumar at his official residence.

    Chief Minister D.K. Shivakumar visited Minister K.J. George’s residence in Domlur, Bengaluru.

    Chief Minister D.K. Shivakumar inaugurated the Sri Shanmukha Subramanya Temple at Lingadheeranahalli, Banashankari 6th Stage, Bengaluru

  • Business

    HCLTech delivers robust Q1 led by record deal bookings of $2.4 billion.

    Payoneer Expands India Presence with New Gurugram Innovation Hub.

    CCI imposes penalty on HP India and its certain resellers for indulging in anti-competitive practices in supply of Supplies products

  • Health

    NYB.AI Featured in NVIDIA GTC Taiwan 2026 Opening Showcase, Marking Milestone in AI-Driven Drug Discovery Collaboration.

    Narayana Health City Performs India’s First Pulsed Field Ablation for Advanced Treatment of Atrial Fibrillation.

    WellSpan Health and Philips Announce Landmark Strategic Alliance, Accelerating Innovation and Research Across Central Pennsylvania and Northern Maryland

    Ramaiah Group and University at Albany Launch RISM, India’s First Greenfield Deemed-to-be University Focused on STEM and Management.

    Samsung Announces World-First Breakthrough in Fainting Prediction With Galaxy Watch.

    Disney and Philips bring together beloved storytelling and innovative technology to support kids undergoing MRI exams

  • Technology
    • All
    • Environment
    • Science

    HCLTech delivers robust Q1 led by record deal bookings of $2.4 billion.

    L&T Technology Services Global EI Hackathon Sparks the Next Wave of AI-Native Engineering Solutions .

    KATALYST CONNECT: Chief Minister D.K. Shivakumar Chairs Strategic Meeting with GCC Leaders to Shape Karnataka’s Next Phase of Innovation-Led Growth.

    OPPO India Elevates Creative Photography with Reno16 Series featuring AI Portrait Camera and AI Remix Collage.

    Global demand for LNG expected to grow by 65% by 2050

    Movate and MelodyArc Announce Applied AI Partnership to Transform CX Operations with AI-Powered Workflow Orchestration

  • Auto

    Unprecedented Performance: BMW Group India clocks highest-ever H1 sales with +17% growth.

    Relax. We Care. BMW Group India rolls out annual Monsoon Service Campaign.

    Honda Establishes New Subsidiary in Argentina Dedicated to Capital Management Services.

    MG accelerates into next era of intelligent mobility with advanced electrification and ADAS technologies.

  • Sports

    A delegation led by Karnataka State Cricket Association (KSCA) President Venkatesh Prasad met Chief Minister D.K. Shivakumar at his official residence.

    Prince Yadav and Ravi Bishnoi replace injured Harshit Rana and Varun Chakaravarthy.

    Shivamogga Yodhas crowned DACCS Maharaja Trophy KSCA T20 champions with four-wicket win over Bengaluru Blasters.

    Prathyusha Challuru headlines the Maharani Trophy KSCA T20 Player Auction.

  • Entertainment

    Yamaha Music India Launches EAD50 With Acclaimed Drummer Ranjit Barot As Yamaha Artist.

    Actor Dr. Rajkumar’s 97th birthday celebration on April 24th, at 10.30 am in Dr. Rajkumar Punyabhoomi premises of the Sri Kanteerava Studio .

    Doordarshan Chandana has launched an innovative farmers’ reality show named “Raitaratna” (ರೈತರತ್ನ).

    Phoenix Marketcity brings you a legendary live concert by PADMA BHUSHAN KS CHITRA.

    UNDP Goodwill Ambassador and ‘Game of Thrones’ star Nikolaj Coster-Waldau highlights Odisha’s mangrove restoration story in global documentary series

    House of McDowell’s Soda Yaari Jam, India’s Biggest Branded Live IP, Touches down in Kolkata

  • Lifestyle
    • All
    • Food
    • Travel

    BlueRose Technologies Launch Worlds First Ever Digital Heirloom – LifeTree.

    Katrina Kaif Is Back as Bonn’s Face – How the Brand Is Turning Her Star Power Into Lasting Brand Equity

    Yamaha Music India Launches EAD50 With Acclaimed Drummer Ranjit Barot As Yamaha Artist.

    ABD’s ICONiQ White Whisky Achieves Highest-Ever Monthly Sales, Over 1 Million Cases in a Month.

    Air India introduces ‘basic’ fare option, expanding customer choice in economy class on domestic travel.

    Samsung Announces World-First Breakthrough in Fainting Prediction With Galaxy Watch.

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Home Business

Drones to Create $100bn GDP boost and Millions of Jobs in India, Says New World Economic Forum Report

New report outlines potential for drone-based transformation of Indian agriculture The report, written in collaboration with Adani Group, outlines use cases for drones, fusing military/civilian technologies enabled by digital adoption, analytics, digital financing and a well-coordinated local stakeholder effort The report provides a framework for development of scalable pilots that can be implemented by various governments

by FWM
October 18, 2022
in Business
0

Gandhinagar, Gujarat, India, 18 October 2022 –

Putting drones at the centre of a technology-led transformation of Indian agriculture, with support from emerging business models such as digital financing, precision agriculture and rapid awareness building, can boost GDP by 1%-1.5% and create at least 5,00,000 jobs in the coming years in India, according to a new World Economic Forum report, Using Technology to Improve a Billion Livelihoods.

The report, which was written by the World Economic Forum’s Centre for Fourth Industrial Revolution, India in collaboration with Adani Group, was launched in Gandhinagar, Gujarat, today.

Arguably, aviation is one of the most regulated sectors globally. India’s bold and measured approach to spur unmanned aviation has been celebrated across a wide spectrum of stakeholders. To make the most of this regulatory landscape, drones must be part of the core agri-equipment repertoire alongside tractors, cultivators, ploughs, diggers and combine harvesters to fortify our farms,” said Vignesh Santhanam, Project Lead, Aerospace and Drones, India, World Economic Forum.

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“The cross-industry application of drones is nearly limitless and continues to make great strides. It offers countries like ours the opportunity to leapfrog generations of infrastructure, healthcare, logistics, agriculture and defence advancements and break several process barriers. When combined with next-generation imaging technologies, edge-based artificial intelligence and machine learning capabilities, the possibilities are endless. We have always believed that the most meaningful revolutions happen at the intersection of various domains – between military and civil, between drones and AI and between physical and digital. India has taken a lead to establish several forward-looking policies under the guidance of the Prime Minister to make India the drone hub of the world by 2030,” said Ashish Rajvanshi, CEO, Adani Defence & Aerospace; President, Strategy & Chairman Office, Adani Group.

Powerful use cases for drones, merging aerospace, AI and digital finance

Different studies have highlighted the immense potential in improving agricultural outcomes for farms through precision agriculture expertise and advisory that can enable a 15% increase in productivity in India’s $600 billion agriculture sector. Drones can play a critical role in unlocking this value as they provide an effective medium to collect data and apply inputs, directly impacting yields and farmers’ income. Scaling drones in agriculture sector will also boost farm mechanization and nudge India closer to global peers.

Coordinated research between civilian and defence technologies

The report also examines how civil-military convergence can accelerate research to benefit civil society applications. The report highlights different use cases for drones in agriculture such as crop monitoring, collecting data for advisory and application of farm inputs.

“Drones are poised to be the enabler of different use cases that leverage Fourth Industrial Revolution technologies. The need is to create a business model that drives rapid adoption and active usage of drones at farm level. It is possible only if the strengths of different ecosystem stakeholders are leveraged and unit-level value proposition is created for farmers,” said Abhay Pareek, Project Lead, Fourth Industrial Revolution for Agriculture, World Economic Forum, India.

Robust local supply chain and support system

In addition, given the nascent state of the drone sector and significant import dependence on various key components, there is a need to build a robust local support system including a “Made in India” supply chain, targeted skill development programmes, next-generation digital financing mechanisms and strong awareness-building programmes in Farmer Producer Organizations, Krishi Vigyan Kendras (KVKs), farmers and policymakers. The report points out that a well-orchestrated set of interventions can add nearly $100 billion to GDP and help India leapfrog multiple challenges in the agriculture sector with the use of technology.

The need for a “drone microcosm” while mainstreaming

The mainstreaming of drones in the agricultural sector needs to be aided with the creation of a “green microcosm” where an integrated “drone-centric rural hub” is set up and stabilized across crop cycles. The microcosm would be a controlled environment that would test varied use cases pertinent to agriculture as well as other rural applications.

Further, considering the complexity of India’s agriculture system including different agro climatic zones, range of crop varieties, despaired use of irrigation technologies etc. drones’ integration in Indian agriculture can be achieved with form factor of drones and mission-based approach in partnership and ownership of stakeholders

“Drone costs fall significantly with local scale. There are multiple use cases on the same drone that can be achieved with a quick switch of payloads – from spraying to broadcasting to logistics. Creating local hubs where these applications can be deployed at scale can establish the business case and help players grow rapidly,” said Rangarajan Vijayaraghavan, Vice-President Strategy & Chairman Office, Adani Group.

FWM

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