BW Businessworld - April 20, 2024

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GLOBAL LEADERS who see India as a land of opportunities, take into
account greener pastures and the emerging sectors that are creating
unprecedented growth avenues. In this special issue, we delve into an
extraordinary and burgeoning segment of the Indian economy that merges
ancient traditions with avant-garde technology – the Spiritual Tech sector.
Encompassing a wide array of services – from astrology and faith tech to
numerology and temple tourism – this sector has witnessed a significant
boom, with the market for spiritual services in India catapulting to $58.6
billion in 2023. Powered by revolutionary technological innovations like
online darshans, this market not only sustains India’s cultural essence but
also offers immense potential for startups. Spiritual tech services could
grow to a market size that goes beyond $127 billion by 2032.

UNEQUAL NOTES.HARMONISING FISCAL SYMPHONY

THE INDIAN ECONOMY pulsates with diverse regional rhythms, creating a complex symphony of growth.

4 mins

ChatGPT On Viksit Bharat

HERE’S WHAT I ASKED ChatGPT the other day: “Please give me the best estimate for the GDP of the US, China and India in 2050 at their average annual economic growth rates of, respectively, two per cent, three per cent and eight per cent.”

5 mins

The Ethical Quandary of CSR

CORPORATE SOCIAL responsibility (CSR) is a noble endeavour, where Indian businesses allocate a portion of their profits to philanthropic activities, ostensibly for the greater good.

4 mins

Advancing Urban Water Security in India

IN THE HEART of Bengaluru, once celebrated as the City of Lakes, an unfolding drama of scarcity paints a stark contrast against its historic abundance.

7 mins

Nothing is Better than Something

I RECENTLY CAME ACROSs an interesting titbit about the Apple iPad. Something that illustrates a dilemma we face all the time.

2 mins

Why Are Our Tertiary Care Hospitals Always Crowded?

SHORT ANSWER TO the title question is that our ‘Public Health Care System’ is grossly inadequate and whatever is in place is also not working to its optimum capacity.

6 mins

Symphony Of Innovation & Consumer-centricity

With a focus on 5G proliferation, premiumisation and AI, Samsung India ensures affordability with rich user experience

3 mins

A HEAVENLY OPPORTUNITY WORTH $100 BILLION

The medley of services from astrology to temple tourism - that have been influenced by technology, have created a market for spiritual services estimated at $58.6 billion in 2023. With revolutionary technological innovations like online darshans, this market offers immense potential for startups and could attract enough capital to grow beyond a market size of $127 billion by 2032

10+ mins

"We Are Dominating India's Astrology Market With 80-85 per cent Share"

Recording a consistent uptick on the growth graph and riding high on the spiritual tech wave in India, the founders of Astrotalk, PUNEET GUPTA and ANMOL JAIN are excited to capitalise on rising consumer demand with sights set on an IPO launch. Edited excerpts from a conversation with BW Businessworld’s Resham Suhail

3 mins

Radiating Wellbeing

Renowned remedial astrologer R K SHARMA stresses the preservation of the profession’s dignity in the age of rampant commercialisation and expresses concern over the rise in fake gemstones

2 mins

The Power Of Numerology

Renowned numerologist C CHAUDHRY strives to take numerology at par with other occult sciences

2 mins

"AI Will Catalyse Hockey Stick Growth Of Astro Sector In India"

The current faithtech landscape in India leans heavily towards entertainment, says Punit Pandey, Founder, AstroSage and believes the key lies in shifting the revenue model from entertainment to trust

1 min

A Conduit Between Spiritual and Tech Realms

In November 2023, Vama secured a Seed Plus round led by Wavemaker Partners, bringing its total funding to USS 2.8 million

2 mins

"My Mission Is To Make Temples Across India Better"

Sharad Kamath, Founder and CEO, 3ioNetra identified the need fora comprehensive software solution to address the complex billing and accounting needs of temples based on his experiences as avolunteer and organiser at religious functions

2 mins

Taking Astrology To The Masses

Driven by profound fascination and belief in the cosmic intricacies, Rajeev Bhandari, Founder, AstroSagga is on a mission to offer affordable courses to fuel employment in astrology sector

2 mins

The Astrology Cryptocurrency Of In New Financial Year

Whether you're a seasoned investment enthusiast or just starting out on your financial journey, Vedic astrology can be beneficial, especially in markets as volatile as the crypto sphere

3 mins

HOW HINDUJA GROUP'S BID TO ACQUIRE RELIANCE CAPITAL VIOLATES INDIA'S FDI, INSURANCE NORMS

The bid structure has come into question with the insurance regulator pointing out that it not just allows Hinduja Group-backed foreign entities to own 100 per cent in Reliance Capital’s insurance business but also lets them bid on borrowed money in total disregard of Indian laws and norms

8 mins

ELEVATED ROAD TO SUCCESS

Honda Cars India is exporting 'Made in India' cars back to Japan showcasing India as a strong manufacturing hub for Honda sedans and SUVs. What is its game plan?

4 mins

Sustainable Models of Support for Women Entrepreneurs in India

Personal one-on-one mentorship is a key intervention that is most required amongst MSMEs and young startup founders today

1 min

KRISHNA CONSCIOUSNESS

The reader can almost feel that the mortal journey of Krishna has ended, yet Krishna Consciousness has manifested again as Keshav. Krishna-the Seventh Sense reveals the continuity of existence, notwithstanding the limitation of the one who exists. This book is a treasure

1 min

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BW Businessworld is a fortnightly magazine that has been published since 1975. It is one of the most popular business magazines in India, and it is known for its in-depth reporting and analysis of the Indian business world. It also features interviews with leading business leaders and entrepreneurs. It's a guide to the ever-changing business landscape.

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