India 2047 - Centre of Excellence

Research

  • Corporate Digital Responsibility
    • Responsible Digital Lending Framework
    • Responsible Gaming Framework
    • Responsible OTT Framework
    • Responsible Social Media Intermediaries Framework
    • More segments to be added...
  • Harmonising ESG, CSR, CDR and SDGs
  • Assessing Performance, Opportunities and Challenges for SIDBI

Proof of Concept

  • Monetisation of Digital Assets
    • Developing Use Cases for Digital Assets
    • Monetisation of Videos using Videotech and AI
    • More segments to be added...
  • Identifying and Creating Use Cases for New and Emerging Strategic Technologies
  • Benchmarking
  • Comprehensive Economic Impact
    • CEI of Cloud
    • CEI of Endpoint Deployment

Best Practices

  • India Involved Index
  • Corporate Digital Responsibility Index
  • Responsible Gaming Index
  • Responsible OTT Index
  • Responsible Digital Lending Index
  • Responsible Social Media Intermediaries Index
  • Case Studies
  • Knowledge Repository
  • Nationalism dominates global trade and politics post-WTO, shifting focus to non-tariff barriers. However, this narrative overlooks the realities of the Global South, diminishing its moral and spiritual aspects.
  • Businesses face uniform expectations for ESG, CSR and CDR compliance across trade, alongside perceived moral grandstanding in Human Rights and Democracy indices by the Global North.
  • The Global South’s issues, context and necessary solutions are often disregarded, mainly due to a lack of institutional capacity in understanding the complexities of compliance and associated indices.
  • New and Emerging Strategic Technologies (NEST) will lead to new and emerging strategic challenges in the global context.
  • There is a pronounced need to research and propose frameworks either within such Global North standards or as a counter standard that takes cognisance of what the South needs.
  • India 2047—Centre of Excellence is set up by SKOCH Group to fill this critical gap.
  • It will Research, set up Proof-of-Concept and document Best Practices to create Global Benckmarks and Indices that counterbalance, redefine and build capacity for India’s leadership from the Global South viewpoint.
  • The Centre of Excellence will develop frameworks, measurement criteria and local and global indices that can be noted, learned from and used for subjects including sovereign ratings.

Corporate Digital Responsibility - A Backgrounder

Corporate Digital Responsibility (CDR) stands at the forefront of modern business ethos, encompassing a broad spectrum of considerations ranging from data protection and cybersecurity to ethical technology deployment and societal impact. As the digital landscape continues to evolve, so too do the demands placed upon corporations to navigate these complex terrains responsibly.

RESPONSIBLE BEHAVIOUR

The evolution of responsible behaviour extends beyond digital, encompassing industries like gaming, OTT, social media intermediaries, digital lending, gambling, alcohol, tobacco and pharmaceuticals. Regulatory interventions, corporate responsibility initiatives and public health campaigns underscore the collective effort to mitigate societal harms.

While OTT platforms play a crucial role in upholding ethical standards, safeguarding user data and promoting digital inclusivity; social media intermediaries are tasked with moderating user-generated content to ensure that it complies with community standards and legal requirements.

As financial institutions and fintech companies leverage digital platforms to provide access to credit and financial products, it’s imperative that they uphold ethical standards, protect consumer rights and promote financial well-being.

New, Emerging and Strategic Technologies

The significance of new, emerging and strategic technologies (NEST) in advancing a nation’s development, economic prosperity, national security, and diplomatic relations has never been more pronounced. This entails continuous monitoring, analysing the legal ramifications of technology-driven resources and evaluating opportunities for collaboration. Three decades ago, this might have primarily referred to the Internet, but today, it encompasses AI, biotechnology, nanotechnology, 3D printing, and beyond. The intertwining of emerging technologies and CDR underscores the imperative for companies to embrace and utilise these technologies conscientiously and ethically, considering their societal, environmental and ethical implications.

The establishment of the NEST division in the Ministry of External Affairs is a significant step that underscores the importance of emerging technologies to India’s expanding digital landscape and domestic industries.

Global Framework

The foundation of CDR was laid in the early 2000s, primarily focusing on data protection and security. Initiatives like the US Children’s Online Privacy Protection Act (COPPA) and Europe’s General Data Protection Regulation (GDPR) set the stage for stringent regulations governing the handling of user data. In the United States, sector-specific laws such as the Health Insurance Portability and Accountability Act (HIPAA) and the Sarbanes-Oxley Act (SOX) reinforce cybersecurity measures, while the California Consumer Privacy Act (CCPA) empowers consumers with greater control over their personal information.

Meanwhile, the EU’s GDPR revolutionised data protection standards, emphasising transparency, accountability, and user consent. The Network and Information Systems (NIS) Directive and upcoming Digital Services Act (DSA) and Digital Markets Act (DMA) further bolster Europe’s commitment to safeguarding digital rights and fostering fair competition.

Beyond the US and EU, countries worldwide are enacting their own data protection laws, such as Singapore’s Personal Data Protection Act (PDPA) and Brazil’s Lei Geral de Proteção de Dados (LGPD), underscoring the global relevance of CDR.

Technology and Ethics

The proliferation of cutting-edge technologies like AI has expanded the scope of CDR to include ethical considerations. Governance structures, bias mitigation protocols and impact assessments are crucial in ensuring the responsible development and deployment of AI systems.

Data ethics and privacy remain paramount, with principles like Privacy by Design and robust consent management practices guiding companies towards responsible data handling. Cybersecurity measures, including risk assessments and proactive incident response plans are indispensable in safeguarding digital assets and customer trust.

Sustainability and Digital Inclusion

In recent years, CDR has extended its purview to encompass environmental sustainability and digital inclusion. Initiatives like the Energy Star programme and the EU’s Eco-Management and Audit Scheme (EMAS) promote eco-friendly practices in digital operations. Companies also strive to make technology accessible to all, aligning with UN SDGs.

Self-Regulation Frameworks

Many companies are proactively upholding CDR principles through internal digital ethics boards and voluntary commitments. Collaborative initiatives like the GNI exemplify the industry’s collective effort to uphold freedom of expression and privacy rights. Transparency and accountability are central to CDR, with companies expected to publish regular reports on their digital responsibility practices.

Prevention of Mental Health Issues

As digital consumption continues to rise, concerns regarding its impact on mental health have come to the forefront. Human-centric design principles, robust content moderation, and user controls are pivotal in mitigating potential harms associated with addictive digital behaviours. Embracing the principles of CDR is not just a moral imperative but a strategic imperative for corporate India.

India 2047 High Income with Equity
India 2047 High Income with Equity
In Praise of India 2047: High Income with Equity

In Praise of
India 2047: High Income with Equity

“Over the next 25 years, India needs to strengthen its parliament and make systems more resilient. This coupled with a robust regulatory environment will take us through the next wave of reforms and the corollary to this would be cooperative federalism. Sameer’s book is an apt commentary that suitably covers all aspects of cooperative federalism and presents a lucid prescription of what needs to be done by learning from our past lessons.”

Vijay Kelkar
Vijay Kelkar

Chairman, 13th Finance Commissioner

“In that transition to 2047, it will pass through the upper-middle-income category and approach the high-income status - presently defined as more than US$12,695. Poverty levels will decline sharply. By 2047, India will move from the present medium human development category to the high human development category.”

Bibek Debroy
Bibek Debroy

Economic Advisory Council to the Prime Minister

“This volume contains an in-depth analysis of significant policy issues in addressing contemporary challenges, high growth coupled with fiscal consolidation, and reconciling the dichotomy between inclusiveness and inflation management with macroeconomic stability. It brings together domain experts over experience, skill, and understanding.”

N.K. Singh
N.K. Singh

Chairman, 15th Finance Commissioner

“India 2047 deals with macroeconomic essentials and emphasises the need for structural transformation, organising the labour markets, increasing competitiveness, enhancing financial and social inclusion with equitable growth, the role of federalism in inclusive growth, imperatives for job-generation, and the importance of infrastructure development and financing.”

Sameer Kochhar
Sameer Kochhar

Chairman, SKOCH Group

“The reform agenda must continue as it has been under various regimes. Policymakers should identify the sectors that need reforms in terms of creating a competitive environment and improving performance efficiency. The Centre and states must be joint partners in this effort.”

C Rangarajan
C Rangarajan

Chairman, 12th Finance Commission and
Former Chairman, Economic Advisory Council to the PM