News on Medial

India can be a world leader in tech once it becomes the third-largest economy: IT minister Ashwini Vaishnaw

Economic Times · 1y

India has the potential to become a world leader in technology such as artificial intelligence and semiconductor chips once it becomes the third-largest economy in the world, according to Ashwini Vaishnaw, the Union Minister of Electronics and IT. With a positive outlook and international recognition, India is currently the fifth-largest economy and is projected to become the third-largest by 2027. The country's progress in electronics manufacturing, exports, and startups has showcased its capabilities and potential for growth. Digitization, simplification of laws, and welfare programs are contributing to India's development goals by 2047.