Economic growth in India has been gaining traction for the better part of three decades since the 1991 economic reforms, and despite the corona epidemic slowing its speed, economic growth continues with an economy rebuilding itself. Technology is a crucial component that has aided other industries in boosting their share of the market via the usage of technology.
India is on the path to economic progress, but it need technological breakthroughs rather than capital inputs to get there faster. To stimulate indigenous originality, it must enhance investment in technical advancements. With a projected population of 136 crores and a large demographic dividend, India has an advantage over other countries suffering from a labour shortage. But, in order to capitalise on this position and acquire an advantage over the rest of the globe, India must focus on its technology demands, particularly on producing them in-house.
With technical breakthroughs and partnership with the car industry on the E-vehicle front, the energy sector is fast developing. Every day, new green energy sources are being investigated. The use and extraction of solar, hydrogen is increasing, and India is putting in efforts with missions such as the National Hydrogen Mission and the National Renewable Energy Policy, but India needs to step up and further its efforts in this field in order to compete with the world and achieve complete electrification of vehicles and maximise utilisation of green energy, which will aid the nation in meeting its climate goals and achieving sustainable development.
The automation business is thriving and will shape the future. India is making strides in automation and integrating it with other areas. On the other hand, industrialised nations have already done so and are ahead of the rest of the globe. To compete with them, India needs a significant push in automation, because automation is required for India’s ambitions of inclusive development and all-sectoral growth to be realised.
The increasing Indian economy is fueling growth in local demand, causing the IT industry to develop dramatically, and severe efforts are being made to accelerate the application of new technology. In the future, India will need to strategize, develop, and execute next-generation technology such as artificial intelligence, smart cities, blockchain, and the Internet of Things as the times require.
Agriculture is the primary source of income for millions of people in India. The burden on arable land will increase as the population grows, and increasing climate changes will influence cropping patterns and crop failure, causing farmer hardship. To address these issues, technology will play a significant role, and India will see the changing face of agriculture as a result of the application of current digital technologies like as sensors, position data obtained from GPS and satellites, robots, and analytics.
A well-functioning healthcare system and a healthy population are vital to a country’s economic and social well-being. The Indian government has made healthcare a primary priority. Technology is being used to collect evidence and data in order to expedite innovation and modify risk mitigation techniques. In the future, technology will be critical in organising procedures and making healthcare more accessible, and India will require solid digital connectivity throughout villages and cities to make this a success.
Climate change is intensifying as global warming continues, making disasters more likely and damaging. India is also seeing the consequences of these changes, with greater vulnerability to catastrophes in many parts of the country. To address these difficulties, technical solutions that help the government in catastrophe prevention, mitigation, response, and recovery should be deployed. Remote sensing, Geographical Information System (GIS), Global Positioning System (GPS), Satellite Navigation System (SNS), and Satellite Communication are just a few of the technology breakthroughs that will aid in disaster management. This will enable government agencies and other humanitarian actors participating in rescue efforts obtain reliable and effective information in a timely way, allowing them to make better judgements.
As India strives to become a global leader, the security problems get more complicated. Internal security is influenced by a variety of factors ranging from domestic issues to foreign circumstances. The adversary is unseen in internet and social media, which operate on a borderless and grey scale. Behavioural Analytics, Embedded Hardware Authentication, and Blockchain Cybersecurity are some of the next developing technologies.
Its greater adoption must be a top priority for our stakeholders throughout the national security architecture. Technical advancements in this area are required for India’s prosperity and a strong defence structure.
With increased investments in technology throughout the world, India must catch up by taking substantial strides in this area and developing policies with long-term prospects in mind. Encouragement of indigenous platforms and organisations progressing along this route would help India achieve its destiny and fulfil the ideal of collaborative effort and inclusive growth.