Technology to contribute 20-25% of Indian GDP by 2025-26: IT Minister Chandrasekhar
The HinduThe Indian Government has set a goal of making technology 20-25% of the country’s GDP by 2025, India’s IT Minister Rajeev Chandrasekhar has told Indian American entrepreneurs and asked them to be part of this story of India. “Over the last nine years, the digital economy has expanded, diversified and currently there isn’t a slice or space in the tech sector that Indian entrepreneurs, Indian startups are not present in; whether it is semiconductors, micro-electronics, AI, the blockchain and Web3 high-performance computing languages and consumer internet,” Mr. Chandrasekhar said in his virtual address to the annual Conference of the Global Indian Technology Professionals Association. Describing AI as a kinetic enabler of the digital economy, the Minister said it is a very important and valuable layer on the progress that has been made by the startups and innovation ecosystem over the last several years around the consumer internet and the data economy. “One of the big stellar achievements of Prime Minister Modi's government has been the use of technology, and platforms to really transform governance in India from the dysfunctional, leaky corrupt system of patronage and other forms of dysfunctionality for several decades into what is now a very directed way of reaching out and a trusted directed and trusted way of targeting citizens and making sure their benefits, pensions and other government financial packages are delivered to them without leakage, without any delay and directly to the bank account,” Mr. Chandrasekhar said.