Indian Minds To Play Big Part In Future of Tech Says Rajeev By CIOTechOutlook Team

Indian Minds To Play Big Part In Future of Tech Says Rajeev

CIOTechOutlook Team | Monday, 09 October 2023, 06:16 IST

India is no longer the world's back office, and the world now recognizes that Indian entrepreneurs and thinkers will create the future of technology just as much as Americans, Japanese, Koreans, or Europeans, according to Union Minister of State for Electronics and IT Rajeev Chandrasekhar.

"Over the last 5-6 years, if there is a defining outcome of what we have done and what is now evident, it is that the confidence amongst the world's investors, consumers, companies, and enterprises about the capabilities that this generation of entrepreneurs bring to bear is unquestionable. I think that is the big leap that has happened. And it's not just about consumer tech or D2C (direct to consumer)... it spans the entire spectrum of what we refer to as a digital economy today," he said

Chandrasekhar said that whether it is in the realm of AI, Web3, semiconductors, or microelectronics each one of those subspecialities has deeply capable startups and young entrepreneurs at work in the country. "The pedigree in a sense of India's capability has been firmly established, and in a lot of ways reset from the old narrative that we were the back office."

Satyan Gajwani, vice chairman of Times Internet, said that while last year demonstrated that it is not always that easy to scale up, yet at the same time, he thinks it brought out the best of the Indian startup ecosystem. "Because leaders who were earlier pushed to grow, grow, grow and worry about profitability and sustainability later are now put in a position where they have to demonstrate the ability to build real, lasting, sustainable, and responsible companies. And ultimately the companies that come out of it will be stronger, weather-tested, and better as a result of all of it," he said.