
PC penetration doubles since Covid-19 to 15% households in 2024
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Household PC penetration in India has nearly doubled since the Covid-19 pandemic, rising to 13-15% in 2024 from 6-8% in 2019. Annual consumer PC shipments surged to seven million units from four million over the same period, IDC data sourced by ET showed.Analysts said the market is undergoing a structural transformation beyond the temporary pandemic-induced surge, driven by refresh cycles, greater financial accessibility, and excitement around AI PCs in mid-tier prices. However, there is a lot of ground to cover, they added.'India's PC penetration continues to be way lower compared to developed economies and even our neighbour China,' said Bharath Shenoy, principal analyst at IDC.Limited purchasing power in lower-tier cities is a challenge, but brands are trying to bridge the gap with offers, cashbacks, and no-cost EMIs, he said. With low penetration, there is enough scope to attract first-time buyers, and sentiment is positive, Shenoy said.PC sales had slowed down after the pandemic-induced surge. They have started to pick up.Canalys forecasts consumer PC shipments to grow 4.2% in 2026, up from 2.5% in 2025.'The market didn't collapse post-pandemic, it recalibrated,' said Ashweej Aithal, senior analyst at Canalys. 'We're now seeing steadier growth, with smaller cities sustaining demand and education cycles driving seasonal spikes.'Firms Like HP and Lenovo also see opportunity for greater penetration in smaller cities.'Digital adoption is accelerating in tier-II and III cities,' said Vineet Gehani, senior director, personal systems, at HP India . 'AI PCs could account for nearly 50% of the global market by 2027,' he added.Adoption of AI PCs is still nascent, but vendors are ramping up efforts to build awareness and reduce price friction through financing schemes, vernacular outreach, and influencer-led campaigns.'We're working with partners to offer AI PCs across price bands, supported by vernacular content and financing,' said Dinesh Nair, director, consumer business, Lenovo India . 'Some of our best-performing stores are in cities like Indore, Bhopal, Nashik, and Visakhapatnam.'According to Canalys, consumer PC shipments grew 16% year on year in the first quarter of 2025 (January-March), driven by aggressive promotions and strong March-end shipments across channels.In the second quarter, however, early indicators suggest a flat trend with growth largely concentrated in the commercial segment, Aithal said.Experts and executives said gaming notebooks are in demand, with AI PCs also being key growth drivers going forward and upcoming festive sales set to give these a boost. They expect AI PCs to become a critical catalyst for first-time upgraders in smaller cities.While pandemic lockdowns made students and people in tier-II and tier-III cities more familiar with PCs, they don't use them on a daily basis, experts said.

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Time of India
an hour ago
- Time of India
Govt may commission market studies before bringing in ex-ante regulations for Big Tech: MoS for corporate affairs
The government could undertake market studies to build "an evidence-based foundation" for introducing an ex-ante framework under the proposed Digital Competition Bill to regulate the Big Tech, minister of state for corporate affairs Harsh Malhotra indicated in the Lok Sabha on Monday. In a written reply, Malhotra said: "Based on the suggestions/comments/inputs received, it is felt that an evidence-based foundation through market studies is required to consider all relevant aspects for ex-ante regulation considering it is in nascent implementational stages globally." Explore courses from Top Institutes in Select a Course Category Artificial Intelligence others Technology Others Project Management Management PGDM MBA Data Science Public Policy CXO Product Management Design Thinking MCA healthcare Finance Operations Management Healthcare Cybersecurity Leadership Data Analytics Data Science Degree Digital Marketing Skills you'll gain: Duration: 7 Months S P Jain Institute of Management and Research CERT-SPJIMR Exec Cert Prog in AI for Biz India Starts on undefined Get Details In March 2024, a high-level official panel led by then corporate affairs secretary Manoj Govil had suggested a new antitrust law with an ex-ante framework to regulate only 'systemically significant digital enterprises' that have a 'significant presence' in India. It had submitted with the Ministry of Corporate Affairs (MCA) a draft digital competition bill, along with its report, for consideration. Malhotra said over 100 stakeholders from various fields had submitted their responses with the MCA on the draft Bill between March and May last year. Additionally, the ministry of electronics and information technology had organised stakeholder discussions on the draft bill in June last year and those comments are awaited, he added. Live Events The corporate affairs ministry is unlikely to bring in the proposed digital competition legislation this fiscal, as it aims to first introduce amendments to the Insolvency and Bankruptcy Code (IBC) and the Companies Act, ET has reported. On top of that, the ministry is also tied up with plans to expand the PM Internship Scheme for youth soon. Since digital competition is a rapidly-evolving and complex area, the government reckons undue haste in regulations could be counter-productive, people aware of the development had told ET earlier. Malhotra, too, had said in March that the government was in no hurry and that it would follow all the due processes before bringing in the new law. Ex-ante framework Ex-ante regulations usually stipulate a set of dos and don'ts with an aim to disallow certain practices from being pursued. The Govil panel had suggested that the penalty for violations of rules and regulations be as high as 10% of the digital entity's global turnover. Under the existing ex-post framework, violations of the competition law are investigated after they take place. While some experts said the ex-ante framework is modelled around EU law, government officials have said the legislation would factor in domestic sensitivities. A number of big technology firms, including Apple, Meta, Google, Amazon and Flipkart, had opposed ex-ante regulations before the Govil panel. The obligations for large players would be spelt out through subordinate legislation after deliberations with stakeholders, the panel had suggested.
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Business Standard
2 hours ago
- Business Standard
Beyond clicks and scrolls: Digital financial education for Viksit Bharat
In this age of digital transformation, the proliferation of apps, online courses, and gamified learning tools has brought financial education to our fingertips. But the question remains: are we truly learning, or merely consuming content in a digital haze? Traditionally, financial education in India was sporadic and limited—confined to formal schooling or isolated workshops. However, the economic shocks of the global financial crisis and, more recently, the Covid-19 pandemic revealed a glaring need: widespread, scalable financial literacy for every Indian, regardless of age or income. This urgency accelerated the move toward digital financial education. Digital tools now play a crucial role in disseminating financial knowledge. Online courses, mobile applications, and gamified learning experiences provide users with flexible, self-paced education. Platforms such as Coursera and edX offer courses from top universities, while mobile apps like Mint and YNAB (You Need a Budget) help individuals manage their personal finances interactively. These resources have broadened access to financial education, reaching audiences that traditional methods often failed to engage. Indian institutions followed suit—Sebi launched its investor education app Saa₹thi, while the RBI's Financial Literacy Week focused on themes like digital banking and cyber safety. Digital tools undeniably have improved outreach. They break socio-economic and geographical barriers, enabling underserved communities to access financial knowledge. The variety of formats—videos, podcasts, quizzes, simulations—caters to different learning styles. Many mobile apps now integrate behavioural nudges and progress tracking to keep users engaged. This represents a significant shift from the one-size-fits-all model of traditional financial education to a more focused, target-oriented learning style. Yet this democratization of financial information comes with caveats. The sheer volume of online information risks overwhelming users. People often skim through content without internalizing or applying it. The spread of misinformation—especially through social media influencers, biased advisers, or non-verified blogs—compounds the problem. Add to this the digital divide: rural populations, elderly citizens, and economically disadvantaged groups either lack reliable internet access or digital confidence. The financial education materials available online require re-orientation with an emphasis on the targeted groups' needs. Generic modules often fail to consider individual financial circumstances—something only personalized guidance or human intervention can address. As behavioural economists point out, cognitive biases like procrastination, overconfidence, and loss aversion can limit the impact of even the best online tools if not designed with user behaviour in mind. Importantly, digital literacy without adequate awareness of fraud prevention and grievance redress mechanisms can lead to devastating outcomes. While India has witnessed an exponential rise in UPI and digital payment adoption—with around 172 billion transactions in 2024, marking a 46% increase from 117.64 billion in 2023—this surge has also been accompanied by an alarming rise in scams, phishing attacks, and payment frauds. Victims often lack knowledge about where and how to report such incidents or even recognize that they've been defrauded. Without a robust understanding of safe digital practices and redress pathways—like the RBI's Digital Ombudsman or the Cyber Crime Portal—users remain largely vulnerable and under-confident, especially in semi-urban and rural areas where digital trust is still forming. Despite several initiatives already in place, India still struggles with translating the availability of digital financial literacy into active public engagement. Regulators and academic institutions like SEBI, NCFE, and NISM have developed accessible e-learning platforms and certification programs—such as the Saa₹thi app, NCFE's targeted modules, and NISM's Investor Awareness Web Modules. These offer structured, credible, and even gamified financial education, covering topics like mutual funds, stock markets, savings, and fraud prevention. Yet, awareness of these resources remains alarmingly low. Even among digitally literate individuals, the uptake is limited—either due to lack of trust, interest, or simply the overwhelming nature of financial jargon. For large sections of the population, especially in semi-urban and rural areas, these platforms remain out of reach due to digital exclusion, language barriers, or lack of localized relevance. The gap between resource availability and user participation reveals that creating content is not enough; we must also create demand, trust, and usability, apart from access. Several countries offer strong examples of how digital financial literacy can be structured, integrated, and sustained. In the United Kingdom, the government-backed Money and Pensions Service (MaPS), along with its MoneyHelper platform, provides a centralized digital hub offering free and impartial financial guidance. It brings together budgeting tools, scam awareness content, and debt advice in one place, while also collaborating with schools to incorporate financial capability into curriculum-based learning. The result is a comprehensive, life-stage approach to financial literacy, supported by both digital access and offline reinforcement. Similarly, Australia has developed an inclusive model through the Moneysmart platform, operated by the Australian Securities and Investments Commission (ASIC). This portal offers financial education tailored to specific age groups and life stages—from schoolchildren to retirees. Its resources include interactive calculators, goal-based planners, and fraud alert systems—all designed in simple, accessible language. The emphasis is on clarity, safety, and user engagement, with financial decision-making contextualized through real-life scenarios. India can draw valuable lessons from these global models. A unified, government-backed platform—consolidating digital learning resources, grievance redressal portals, helplines, and verified financial tools—can serve as a trusted source amid the current flood of unregulated content. Embedding financial education within formal schooling and higher education, especially using regional languages and culturally relevant examples, can build early awareness and long-term habits. It is equally important that the content reflects real-time risks—updating users on evolving scams, digital payment innovations, and policy shifts. Finally, encouraging deeper collaboration between fintech firms, educators, and regulators can ensure that digital platforms are not just technologically advanced, but also behaviourally intelligent—equipped with built-in nudges, fraud warnings, and default safety mechanisms. To make digital financial education truly effective, we need to move from passive consumption to active engagement. Hybrid models—blending digital tools with in-person mentorship, community coaching, or AI-driven personalization—can bridge this gap. Schools, colleges, fintech firms, and regulators must co-create programs that combine real-world simulations with culturally relevant case studies and feedback mechanisms. Financial literacy should not be an occasional campaign or an app feature—it must be an ongoing, evolving journey. Digital tools are powerful, but only when paired with critical thinking, trust in verified knowledge, and the ability to act on it. If we want citizens to make informed economic decisions, we must ensure that our approach to promoting financial education is not just limited to making it accessible, but also authentic, actionable, and inclusive—with grievance redress and fraud awareness forming its core. For broad-based financial sector participation, we need to move beyond clicks and scrolls, develop true understanding and nuances of financial markets, and help in building a sound and meaningful digital economy. As India envisions a Viksit Bharat—a developed and self-reliant nation by 2047—financial empowerment through digitalized financial education is central to that goal.


Time of India
2 hours ago
- Time of India
Aadhaar card application & updates: How UIDAI aims to curb frauds through Aadhaar, fake UID numbers
UIDAI chief highlighted instances where individuals attempted fraud by combining hand and foot biometrics. To prevent Aadhaar card related frauds the Unique Identity Authority of India or UIDAI is looking to implement stringent checks especially with regard to updation of Aadhaar details. The UIDAI is implementing robust security measures to address increasing cases of Aadhaar-related fraud and counterfeit UID numbers, according to CEO Bhuvnesh Kumar. The UIDAI chief has outlined several initiatives, including restrictions on frequent modifications to birth dates and biometric data to deal with frauds. Kumar, who took office in January, told ET: "If you want to play in a cricket team, they try to reduce their age by two years. If they want to get a job, they want to increase their age by two years. It's a lot of fraud." He further explained, "People try to game it through multiple birth certificates. We are strongly tightening all those things. Because the integrity of Aadhaar has to be maintained." Aadhaar Application, Update Changes To Prevent Fraud UIDAI plans to enhance verification processes by cross-referencing information with other official databases, according to an ET report. Additionally, they will utilise advanced technologies such as artificial intelligence and machine learning to identify incorrect photographs and inaccurate biometric information. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Luxury 2–4 BHKs in Pune's Iconic Green Township Shapoorji Golfland Vanaha Enquire Now Undo Furthermore, UIDAI is digitalising the Aadhaar application process and requiring all states to transition to online-verifiable documentation systems. According to Bhuvnesh Kumar, birth date modifications require changes in the original birth certificate first, as secondary certificates won't be accepted by the authority. "We'll match it from the source," Kumar said, noting that UIDAI has established direct connections with original databases from 35 states over the past six months. They have integrated various documents at source level, including PAN, CBSE marksheets and MGNREGA records, whilst working towards additional integrations. "The idea is that when a resident submits any of the documents for Aadhaar enrolment or updating, the UIDAI will verify the veracity of the document directly from the source to ensure it's not fake," Kumar explained. He indicated that they are implementing advanced technology to strengthen the system's reliability and enhance services, whilst continuously upgrading the identity platform's technical infrastructure. UIDAI has implemented an AI/ML algorithm to verify authentic fingerprints, preventing biometric fraud by ensuring 'live finger' detection. The organisation utilises AI-powered cameras for age assessment, preventing older individuals from applying for children's Aadhaar cards that don't require biometrics. Additionally, AI assists in cross-referencing photographs with the Bureau of Immigration database to detect fraudulent activities. UIDAI is considering limiting the frequency of fingerprint updates, noting that whilst elderly people may need updates due to changing fingerprints, frequent updates for younger individuals are unnecessary, according to Kumar. Kumar highlighted instances where individuals attempted fraud by combining hand and foot biometrics, or by mixing their biometrics with others to create unique combinations. He stressed that AI/ML technology would detect such irregularities. The organisation intends to transition the Aadhaar application process to an online platform. Regarding non-citizens in India seeking Aadhaar cards, UIDAI maintains strict protocols, requiring applicants to complete the mandatory 180-day residence period and apply under the appropriate category. Kumar stated, "We have rejected 1,456 applications in the last six months on this basis - that you are a foreigner (but) you have applied in the Indian category." Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now