What steps are being taken by the Indian Government to increase the contribution of technology to the GDP
According to the IT Minister Chandrasekhar's statement, Technology is expected to contribute 20-25% of Indian GDP by 2025-26. What measures are being taken to reach this goal?
- Promoting digital transformation: The government has launched initiatives like Digital India, which aims to provide digital infrastructure and services across the country, fostering technology adoption and innovation.
- Creating a favorable policy environment: The government has introduced policies and reforms to attract investments in the technology sector, such as liberalizing foreign direct investment (FDI) regulations and simplifying regulatory processes.
- Encouraging innovation and startups: Programs like Startup India have been implemented to foster entrepreneurship and innovation. Funding support, incubation centers, and mentorship programs are provided to nurture technology startups.
- Skilling the workforce: The government has initiated various skill development programs and collaborations with industry partners to enhance the technology-related skills of the workforce, ensuring a competent pool of talent.
- Promoting research and development: The government is encouraging research and development activities in the technology sector by establishing research institutes, providing grants, and promoting collaboration between academia and industry.
- Investing in infrastructure: The government is investing in critical infrastructure like high-speed internet connectivity, data centers, and smart cities to facilitate the growth of the technology sector and digital economy.
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