As India aims to become a developed nation by 2047, marking 100 years of independence, the IT sector is set to play a crucial role. From services for the world, to services for Indian citizens, India’s IT sector has been the backbone of the movement that has made technology more accessible for people all across the world. In the AI and 5G era, we are looking at new challenges.
AI and Deep Tech are no longer fictitious elements found in sci-fi. Digital Public Infrastructure is not just a luxury for the first world, but a basic government function that is being pioneered by the developing world. With Initiatives like UPI, digital wallets, digital vaults, India is leading the way.
The upcoming 2024 Union Budget, however, needs to bolster this vision with strategic investments and reforms that will drive innovation, enhance infrastructure, and foster economic growth. Vision 2047: A Developed India Srividya Kannan, Founder and CEO of Avaali Solutions, highlights the importance of the IT industry in India’s future. “As we envision ‘Viksit Bharat’ by 2047, India aims to become a developed nation through comprehensive socio-economic reforms.
Central to this vision is the focus on manufacturing, with special emphasis on sunrise sectors such as machine learning, artificial intelligence, and renewable energy. For the IT industry, Global Capability Centers (GCCs) are playing a pivotal role, currently employing 1.66 million people and expected to rise to 2 million by 2026 with 1.