Accelerate the adoption of digital and innovative technologies

In this age of digital transformation, it is crucial for country like India to accelerate adoption of digital and innovative technologies to ensure that nobody should leave behind because Technology places a vital role in nation-building and our nation require tech talents in various fields such as Artificial Intelligence, Cloud, Robotics, Cybersecurity, Blockchain etc.

Every day we can see an increase in cyber threats, increased cybersecurity preparedness and related investment are now a mandatory. The rise in digital transformation, hybrid working, growing use of the internet of things (IoT) have increased cybercrime across the world. Also, a rise in cybersecurity breaches at various organisations has created a need to implement policies that promote investments in creating a cyber-security framework and making digital spaces safer for citizens. The Budget 2023 has provided a strong focus on promoting investments in this area.

If India wants to keep its tech dominance, it needs to focus on innovation and deep-tech, and create more tech product companies. To nurture new ideas and innovation in new-age technologies, investment is required in order to enable the setting up of state-of-art incubation & innovation hubs, jointly run by industry experts and academia. These hubs can transform budding ideas into sustainable businesses and have a larger social impact through the use of technology.