THE FU­TURE IS NOW

In­dia’s tech­no­log­i­cal progress stays on course. It only needs to gather pace

India Today - - 30 YEARS OF MODI GOVERNMENT | TECHNOLOGY - By Amar­nath K. Menon

AT THE IN­DIAN SCIENCE Congress in Tiru­pati in Jan­uary this year, Prime Min­is­ter Naren­dra Modi en­vi­sioned In­dia among the world’s three top science and tech­nol­ogy pow­ers by 2030. Re­al­is­ti­cally, get­ting there will take longer. Still, though, let’s con­sider the suc­cesses: a space pro­gramme— among the world’s top five—close to putting an In­dian on the moon, a net­work of 11 satel­lites that has rev­o­lu­tionised com­mu­ni­ca­tion, in­dige­nous nu­clear tech­nol­ogy con­tribut­ing to power gen­er­a­tion and an arse­nal and hu­man re­sources that have made In­dia the largest IT in­dus­try sourc­ing des­ti­na­tion, in­clud­ing 67 per cent of the $130 bil­lion US mar­ket.

There’s more. A fo­cus on nan­otech­nol­ogy, in­clud­ing fund­ing of Rs 1,000 crore, is poised to trans­form phar­ma­ceu­ti­cal man­u­fac­tur­ing. As­socham and TechSci Re­search pre­dict that soon one of ev­ery four nan­otech­nol­ogy in­dus­try pro­fes­sion­als in the world will be an In­dian. Other tech­nolo­gies are look­ing up too. There are plans to dou­ble in­vest­ment in green en­ergy re­search to Rs 9,300 crore. Nass­com pro­jec­tions sug­gest that the an­a­lyt­ics in­dus­try will grow to $16 bil­lion by 2025.

As dig­i­tal plat­forms ex­pand, the in­ter­net econ­omy could be 5 per cent of GDP by 2018. And with the ‘In­ter­net of Things’ gath­er­ing mo­men­tum, newer de­vices will hugely en­hance de­mands for in­tel­li­gent com­put­ing and semi­con­duc­tors. Al­ready a world leader in biotech­nol­ogy, the do­mes­tic in­dus­try is val­ued at $11 bil­lion with a com­pounded an­nual growth rate of 20 per cent. Per­haps, Modi’s dream won’t be wish­ful think­ing.

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