What is the significance of technology in Indian economy
Discuss the potential contribution of technology in Indian GDP by 2025-26 according to IT Minister Chandrasekhar.
- Technology has played a significant role in the growth of the Indian economy by boosting productivity, creating jobs, and enhancing competitiveness.
- The Indian government's Digital India initiative has aimed to digitize services, infrastructure, and industries, leading to increased technology adoption in the economy.
- According to IT Minister Chandrasekhar, India has the potential to reach a GDP size of $1 trillion by 2025-26, which could be largely attributed to the contribution of technology.
- The rise of startups and innovation hubs in India, such as Bangalore and Hyderabad, have led to the development of cutting-edge technologies in the healthcare, education, and financial sectors. This is expected to continue, further enhancing the contribution of technology in the GDP.
- By embracing frontier technologies, such as artificial intelligence, blockchain, and the Internet of Things, India can bring about a new era of economic development, job creation, and social progress.
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