Stopopedia

Technology is an area which undergoes monumental changes to create more amenities for us. A recent brainchild of software engineers is Artificial Intelligence or AI. AI, as the name suggests, is artificially simulated intelligence that helps in altering some algorithms to match the demands of the user. Like everything ever created, AI has its pros and cons. We are surrounded by AI and we have used it indirectly, if not directly. In fact, popular assistants on our phones like Siri, Alexa and Google Assistant are, in fact, the gifts of AI. Nowadays industries have manufacturing robots that speed up the manufacturing process and make it efficient. Similarly, robotic surgery is a new invention in the medical world. By doing complex surgeries through robots, people can benefit from the deft movements of the robotic ‘hand’.   Hospitals have reaped a lot of benefits from AI. Banking and finance are other sectors that have profited from AI. There are virtual financial advisors and other ...

In 1991, the New Industrial Policy was created to make the industrial sector more profitable by giving it additional ease and introducing it to new arenas. Liberalization, Privatization and Globalization were the three major aspects of this policy. Basically, Globalization means connecting the economy of a country with the economy of the world. Like there are two sides of every coin, Globalization also has its pros and cons. By implementing the Globalization rule, the Indian market has expanded all over the world. The Indian products which were normally sold only in India are now sold worldwide. Through this, foreign money enters our economy which helps in increasing the nation’s income. The citizens also gain access to goods from all over the world. Formerly, the kiwis from New Zealand were not available in India, but are now easily available. Indian farmers get to sell their produce in the global market. Globalization policy also made import-export easier by relaxing some stringent...