The country, once a supplier of British tea and cotton, now has a diversified economy with the majority of activity and growth coming from the service industry. Since the economic liberalization policies of the s, many Indians have seen their quality of life improve substantially. InIndia gained independence from Britain and created a centrally-planned, mixed economy. First, the industry is hoe efficient: millions of small farmers rely on monsoons koney the water necessary for their crop production. Agricultural infrastructure is not well developed, so irrigation is sparse and agricultural product is at risk of spoilage because of a lack of adequate storage facilities and distribution channels. Despite this, production is increasing.
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Theatrics abounded, with toy-gun totting warrior anchors in army fatigues drumming up an atmosphere of hate and violent jingoism. Yet, Pulwama, in some sense, only capped what have been five profoundly disquieting years for the Indian media under the Narendra Modi regime—a period in which its capacity to chase stories of consequence has greatly diminished. Unless things change in the next few weeks, it would be the first time in the history of independent India that a prime minister will have spent an entire tenure without addressing a single press conference. Modi effectively cut off all communication with the media after coming to power in , choosing instead to direct his messaging through tweets, radio programmes like Mann Ki Baat and fluffy staged interviews with pliant journalists. It was also a shrewd strategy that allowed him to build an image of being an effective communicator, while only delivering a one-way series of monologues. It is estimated that between and alone, the number of Indians using social networks grew from million to million, making it a handy tool for the ruling party to spread half-truths and fake news through a cobweb of unofficial accounts and unleash trolls to attack journalists who tried to counter them. As a result, reporters in India have over the past five years regularly had their mobile numbers circulated on WhatsApp groups, and been subjected to a deluge of sexually explicit messages, death and rape threats, and other forms of online intimidation. There is.
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Media and entertainment services are part of the consumer discretionary sector. These are cyclical services, which directionally follow the economic trend and expectations. During economic downturns, they usually underperform the market. However, in economic upswings, they often perform better than the overall market. Investors who want exposure to media sector stocks throughout the business cycle should watch for key domestic and global economic and consumer spending indicators. Consumer confidence is a crucial driver for sectors such as media. It gets bolstered by declining unemployment rates and rising disposable income levels. Advertising constitutes a significant portion of media sector revenues throughout its value chain, from media networks to distributors. Investors should keep an eye on traditional media companies with robust business models. But you should also keenly watch for service innovators in the segment. This is particularly important for investors who want to remain invested throughout the business cycle.
This will be the year when the regulation of platform companies starts to bite following growing concern about misinformation, privacy, and market power. Meanwhile the spread of false, misleading and extreme content will continue to undermine democracies around the world with polarising elections in India, Indonesia and Europe likely flashpoints. Journalism will continue to be hollowed out by structural shifts that have already led to significant falls in advertising revenue. Publishers are looking to subscriptions to make up the difference but the limits of this are likely to become apparent in Taken together these trends are likely to lead to the biggest wave of journalistic lay-offs in years — weakening further the ability of publishers to hold populist politicians and powerful business leaders to account. It is a meda year [in which] social media platforms have to prove they care about the truth and about paying for serious journalism, or be properly forced to do both by regulation. In our survey of editors, CEOs, and digital leaders:. Users will consume news by speaking and listening, less often by reading — and we have to prepare early on for […] shifts in user expectations. Stefan Makf, Der Spiegel. And in technology … Watch out for foldable phones and 5G capable handsets. These giant companies are increasingly portrayed as omnipotent, anti-competitive, and not facing up to their wider responsibilities to society — even if individual platforms carry very different level of public trust. Instead of protecting our privacy, they are accused of playing fast and loose with it. Ideals about time well spent have been replaced by concerns about addiction and the impact maek our mental health. In the spotlight: Mark Zuckerberg faces Congress and the media. In this respect, the banning of Info-Wars, first by Apple and then by other platforms marked a major shift in approach 3. But the scale and complexity of the task ahead is immense. By July the crisis spread to WhatsApp with false rumours about child abduction in India leading to a series of lynchings 4.
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