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World in $1.5 Trillion 'Plastics Crisis' Hitting Health From Infancy To Old Age, Report Warns

3 months ago
Plastics are a "grave, growing and under-recognised danger" to human and planetary health, a new expert review has warned. From a report: The world is in a "plastics crisis," it concluded, which is causing disease and death from infancy to old age and is responsible for at least $1.5 trillion a year in health-related damages. The driver of the crisis is a huge acceleration of plastic production, which has increased by more than 200 times since 1950 and is set to almost triple again to more than a billion tonnes a year by 2060. [...] Plastic pollution has also soared, with 8 billion tonnes now polluting the entire planet, the review said, from the top of Mount Everest to the deepest ocean trench. Less than 10% of plastic is recycled.

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The Great Indian IT Squeeze

3 months ago
An anonymous reader shares a report: The Indian IT sector has operated for decades under the dominance of major firms TCS, Infosys, Wipro, and HCLT. The historical growth of these companies was tightly coupled with the U.S. economy through a strong "multiplier effect," where Indian IT export growth significantly outpaced US GDP growth. This reliable growth model is now under pressure. The multiplier has weakened considerably, falling from a peak of 4.1x to a projected 1.6x. This is contributing to a prolonged slowdown period for India IT exports. A primary factor in this slowdown is a clear shift in client spending priorities. While overall enterprise technology spending remains strong, clients are now allocating a larger portion of their budgets to core digital infrastructure, such as cloud platforms and SaaS platforms, over traditional IT services. The firms are facing challenges on multiple fronts. Global corporations are increasingly establishing their own global capability centers in India, with projections indicating an accelerated pace of 120 new centers being added annually in fiscal years 2024 and 2025, up from some 40 six years ago. This insourcing trend diverts revenue from traditional IT vendors and creates direct competition for skilled technology talent.

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