AT THE WORLD Economic Forum summit held in Davos earlier this year, we witnessed the euphoria around 'this is India's century'. Undoubtedly, this is a consequence of India's favourable policy regime, economic and demographic fundamentals and the resilience demonstrated by the nation during Covid-19. As the fine print of Budget 2023-24 becomes clear, I feel confident about how we can address the challenges of contemporary India by unleashing the full potential of its people by leveraging technology.
The vision of a "tech-driven and knowledge-based economy with strong public finances", and a commitment to sustainability, was amply evident in the Budget announcements. The steps unveiled to make India future-ready through skilling, green initiatives and the use of tech are welcome. While these building blocks will undoubtedly propel India towards its Amrit Kaal goals, the country will reap the outcomes of these measures not just at 100 years of independence, but for many decades to come. It is, in fact, an opportunity to accelerate India’s development using tech that is most exciting.
Why is this important? Right from education and skilling and creating jobs to research for interdisciplinary business applications, ease of doing business and addressing social challenges, the building blocks of the newage ecosystem are rooted in digital tech. India’s ability to mass-ify tech and use it at scale is one of the key pillars driving economic growth.
TRANSFORMATION THROUGH TECH
This story is from the March 05, 2023 edition of Business Today India.
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This story is from the March 05, 2023 edition of Business Today India.
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