Technology and Economic Development

30 DEC,2019 | MEDC


 

Rapid technological transformation will be a key factor determining India’s economic growth in the coming years. At the regional, national, and global levels, cutting-edge technologies are offering several new opportunities but they are also revealing new policy challenges that need to be astutely met. With the world’s largest number of graduate youths, India has the potential to excel in Artificial Intelligence (AI) R & D. In 2018, India had the third highest volume of AI journal papers, after China and the USA. This is an advantage we need to maintain, as frontier technologies like AI have huge potential to improve government administration and the delivery of public services. Apart from imparting the right skillsets to our demographic dividend, we also need to ride the waves of technological change and focus on digitizing our economy (both urban and rural) to the extent possible.

 

*Photo Credit: Google

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