EO data, which involves collecting, analyzing, and presenting information about Earth's systems through remote sensing technologies, has applications across sectors like agriculture, energy, and finance. This data provides valuable insights to enhance operations and mitigate environmental impact.

As countries worldwide endeavor to meet net-zero commitments, the success in achieving sustainability goals through these technologies holds immense significance. Allgood highlighted that as more nations consider imposing carbon taxes, the adoption of Fourth Industrial Revolution technologies can aid in mitigating emissions and enhancing environmental stewardship.

According to a statement on Saturday, World Cooperation Economic Forum (WCopEF), along with the National Cooperative Union of India (NCUI) and Confederation of NGOs of Rural India (CNRI), will work to establish and promote 'Campus Cooperative' across various universities in the country.

Brende said it is necessary to underline that the economic growth is not so bad, especially in the case of India where “we are seeing 7 per cent economic growth and the world’s largest economy, the US, which is also doing very well.” On India targeting to become the third largest economy in the next 2-3 years, Brende said India is on track to become a $10 trillion economy in the coming years.