Over the past few decades, as successive governments have increased their focus on science and technology, India has prioritized research and development in different technological fields. According to a recent Deloitte report, the areas where technology is converging fastest are automation, big data, blockchain, distributed architecture, and the Internet of Things (IoT). India’s tech sector grew by 15.5 percent last year, its fastest growth rate to date, to $227 billion (Rs 1,889,700 crore), according to reports.
Under the government’s “Digital India” initiative — in which hardware makers such as Apple have shifted some manufacturing from China to India — India now aims to reduce its reliance on foreign companies for day-to-day technology needs.This is estimated India produces approximately 2.6 million software developers annually who are able to generate and implement technological solutions globally.
On the occasion of India’s 77th Independence Day, we take a brief look back at the country’s recent milestones in adopting modern technology.
SG Network launched
Since announcing the launch of 5G networks last year, India has become one of the fastest countries to roll out 5G networks. Telecom giants such as Reliance Jio and Airtel have been at the forefront of this high-speed internet revolution and have signed contracts with Ericsson, Nokia and Samsung to quickly roll out 5G network services in the country.
Nearly a year after 5G rollout began, most cities in India already have high-speed 5G internet access, and coverage is being rolled out to other areas — with the projected timeline for all-India 5G connectivity expected by the end of 2024.
space technology
On July 14, the Indian Space Research Organization (ISRO) launched Chandrayaan-3, India’s third lunar exploration mission. The construction budget of Chandrayaan-3 is Rs. 6.15 billion rupees (approximately $74 million) for the lander, rover and propulsion modules. It weighs approximately 3,900 kg.
The spacecraft is scheduled to land on the moon on August 23. Then it will run for 1 lunar day, which is about 14 Earth days. “Chandrayaan-3 is a very important step… This landing is very important. Without landing, you can’t collect samples, you can’t land humans, you can’t build a moon base. So, the landing is an important step forward.” Indian Space Research Organization (ISRO) Chairman S Somanath said at the launch.
Web3 and Fintech
More than 300 million Indians use the Unified Payments Interface (UPI), developed by the National Payments Corporation of India (NPCI), which enables them to make instant bank-to-bank transfers in real time. (United Nations League) (tag link) also allows retailers to accept online payments, reducing their reliance on cash. The Reserve Bank of India is also exploring the use of its central bank digital currency (CBDC) e-rupee. As part of the G20 presidency, India is working to draft cryptocurrency rules to make it safer for people to participate in the volatile digital asset industry.
Educational Technology
Technology has helped the distance learning industry during the COVID-19 pandemic, driven by 5G, apps and platforms that support educational technology services. These companies provide study materials and explanations of topics, while enabling teachers to help students online.
Online practice tests are also helping millions of Indian students continue their education during the COVID-19 lockdown.Indian EdTech Market It is said The revenue in 2022 will be USD 4.3 billion (approximately Rs 35,726 crore), a growth of 16.8% between 2017 and 2022.
Data Protection and Privacy
This month, the government finally passed the Digital Personal Data Protection Bill 2023. The newly-passed law comes six years after the Supreme Court ruling that privacy is a fundamental right of all citizens in the country and includes provisions to curb the misuse of personal data by online platforms.
Under the law, the government requires foreign internet service providers to store Indian users’ data within India, while giving citizens the right to change their information online.
application development
In 2020-2021, geopolitical tensions between India and China escalate as the world grapples with the coronavirus (COVID-19) pandemic. To protect India’s online ecosystem from cyber threats, the government banned several Chinese apps and urged local developers to create apps for everyday use by Indians.
Over 150,000 apps made by Indian developers as of March 2022 estimated Available on App Store and Google Play Store. Currently, India has several home-grown apps for social networking, news, travel, shopping, lifestyle and business.
health technology
The staggering impact of the post-COVID-19 world has had a profound impact on the consciousness of citizens everywhere. At present, some Indians have purchased fitness trackers, which allow them to monitor their fitness levels, regularly remind them to record their water intake, and monitor their blood pressure.
Many of these straps are made in India.Domestic wearable medical market Expected This figure will increase from $310.4 million in 2020 to $1.26 billion by 2025. Meanwhile, states such as Meghalaya, Arunachal Pradesh and Uttarakhand have begun testing drones to quickly deliver samples or results of emergency medical supplies such as vaccines, anti-snake venom and laboratories.
Upcoming Progress
The Ministry of IT of India is currently planning to launch a national browser for India, whose development will be undertaken by Indian software engineers.
Although the CEOs of Silicon Valley multinational technology companies such as Microsoft, Google, Adobe, IBM and Mastercard are of Indian origin, the above developments show that India’s quest for technological self-reliance is on the rise.
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