India’s technology landscape is shifting, and Prime Minister Narendra Modi recently emphasized the need for the country to become self-reliant in this crucial area. Speaking in Bengaluru, Modi highlighted that Indian tech firms have indeed made global strides, but the time has come to prioritize the needs of India itself.
He noted that software and applications now permeate every sector, making it vital to fast-track the development of new technologies. This call to action is especially relevant today as the world grapples with escalating trade tensions. For example, recent tariffs imposed on India by the US serve as a wake-up call for the nation to bolster its own manufacturing capabilities.
Modi urged Indian companies to create high-quality, environmentally friendly products that can stand up to international standards. The “zero defect, zero effect” mantra aims for products that are not only functional but also sustainable. He praised India’s indigenous technological advancements, especially in defense, which have recently proven critical in safeguarding its borders.
Among the voices lending weight to this initiative is Kiran Mazumdar-Shaw, founder of Biocon. She notes, “Investing in local technology can pave the way for future innovations, making our economy robust and self-sufficient.” Statistics back up this idea; according to a report by McKinsey, digital technologies could account for up to $1 trillion of India’s economy by 2025.
India is already making strides, transitioning from an import-centric economy to one focused on exports. The country has moved up in global rankings, now being the fifth-largest economy, thanks largely to its tech advancements. In fact, mobile phone exports have surged from $468 billion to $824 billion since 2014.
Urban infrastructure also emerged as a key focus. Modi stressed that modernizing cities is essential for future growth. The recent opening of a new metro line in Bengaluru showcases innovative public infrastructure development, supported by major companies through CSR initiatives.
The Prime Minister called for collaboration between central and state governments to foster an environment of reform and targeted development. He highlighted the importance of updating outdated laws to better serve citizens. The Aspirational Districts Programme is one such initiative aimed at enhancing growth in underdeveloped regions.
In summary, India’s push towards self-reliance in technology and improved urban infrastructure is not just about national pride—it’s about securing a sustainable future. It’s an exciting time for India, and the efforts underway could shape not just the nation but also make a significant impact on the global tech landscape.
For additional insights on India’s tech evolution, you can explore reports by the World Bank and the Indian Ministry of Electronics and Information Technology.
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