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Indian Economy - Understanding the basics of Indian economic system
Context: Recently, the Fifth Global Standards Symposium (GSS-24) concluded in New Delhi, marking a significant event in the Asia-Pacific region.
It was organized for the first time in the Asia-Pacific region by the International Telecommunication Union (ITU) and hosted by the Department of Telecommunications, Government of India.
Theme for GSS-24 was “Charting the Next Digital Wave: Emerging Technologies, Innovation, and International Standards”.
ITU, established in 1865, is the oldest UN specialized agency for Information and Communication Technologies.
Consensus based international standards system: Calls for continued efforts towards bridging standardization gap between developed and developing countries, through initiatives like ITU Bridging the Standardization Gap programme.
International standards for sustainable development of emerging digital technologies: Encourages strengthened collaboration among Standards Development Organizations, to enable developing countries to embrace digital innovation.
High-level segment catalyzing changes: Recognizes Global Digital Compact's emphasis on international cooperation, highlighting importance of emerging digital technologies, including AI in driving digital transformation.
Standards and SDGs: Highlighted the significance of international standards in enabling sustainable development of emerging digital technologies. E.g. #Standards4SDGs campaign
Celebrating Smart Cities: Acknowledged sustainable initiatives in cities, reinforcing the commitment to the United for Smart Sustainable Cities (U4SSC) initiative.
U4SSC, led by the ITU, UN Economic Commission for Europe (UNECE), and UN-Habitat encourages fostering partnerships to empower cities and communities in achieving the UN SDGs.
Quality: International standards help ensure that products and services are safe, reliable, and high quality.
Efficiency: International standards can help businesses operate more efficiently, which can lead to cost savings and increased productivity.
Customer satisfaction: International standards can help improve quality, which can lead to increased customer satisfaction and sales.
Market access: International standards can help businesses access new markets by preventing trade barriers.
Sustainability: International standards can help businesses adopt sustainable practices, which can help reduce negative impacts on the environment.
Innovation: International standards can help facilitate choice by making it easier to compare products and services, which can encourage competition and innovation.
Risk management: International standards can help define principles, frameworks, and processes for risk management, which can help ensure that risk management is effective, efficient, and consistent.
The ITU World Telecommunication Standardization Assembly (WTSA) 2024 will be hosted in New Delhi, coinciding with GSS-24.
This pivotal event will bring together over 3,000 industry leaders and policymakers to shape the future of global telecommunications standards.
It will focus on next-generation technologies such as 6G, AI, and cybersecurity.
ITU is a specialised agency of the United Nations responsible for issues related to information and communication technologies (ICT).
Established in 1865, ITU is one of the oldest international organisations.
Setting global standards for telecommunications and ICT to ensure seamless communication across countries.
Allocating radio frequencies and managing the global satellite orbits.
Fostering international cooperation in the development and expansion of telecommunications infrastructure.
Promoting access to ICTs in developing countries to bridge the digital divide.
Headquarter: Geneva, Switzerland.
ITU’s Members: Governments, private sector entities, and academic institutions from across the world. There are currently 194 member states of the ITU.
By: Shubham Tiwari ProfileResourcesReport error
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