Technological Development in India
The technological development in India is increasing rapidly, and that is why India stands third among the most lucrative investment options in technological transactions in the world. Modern India is more inclined towards science and technology. This data shows how investments in India have empowered the overall development of its science and technological sectors.
As per the information given in the Economic Survey 2021, India’s GERD (Gross Expenditure on Research & Development) as a percentage of GDP (Gross Domestic Product) stood at 0.65%. India’s MedTech (Medical Technology) sector is forecast to hit US$ 7.8 billion in 2020 and US$ 9.6 billion in 2022, which is around a 12% growth expectancy.
India has been incorporating a high amount of capital into its technological infrastructure. And due to its determination and growth mindset, India is now ranking in 46th place in Global Innovation Index 2021 (48th place in 2020 GII).
India As Emerging Technology in The World
As the above information mentioned, India has established itself among the most emerging science and technological economies around the world. The government manages the import of technology through aligning a national register of foreign collaborations and evolving schemes such as the Technology of Trading and Technology (TAAS), Technology Transfer Cell (TTC), and Technology Transfer Advisory Committee (TTAC), etc.
India has also witnessed exponential growth in the spectrum of technology and application areas covered under organizations like ISRO (Indian Space Research Organization) technology transfer which includes telecommunications, computer systems (hardware and software), electronics, optics, and optoelectronics, chemical and polymers, and other special materials.
India As Savior of Mankind During Calamities
India has also grown its biological sector through implementing appropriate research & resources materials. One of the examples of India’s Biotechnological growth can be seen during the recent corona pandemic.
The Department of Biotechnology of India has developed critical modern vaccines, therapeutic bioactive molecules, hybrid high-yielding seeds, tissue-cultured propagules of agriculture, artificial seeds, biofertilizers, and other specialized components.
A Large Hub of Innovation & TechnologY
From time to time, India has worked on nurturing its talents through implementing various skill-enhancing programs. To encourage the younger generation and use indigenous technical support, many monetary and other incentives are granted by the government.
Institutions such as Krishi Vigyan Kendras of ICAR, extension centers and poly technology centers of NRDC, and the Ministry of Human Resources has been extensively serving the required knowledge to the innovative young minds of India.
As per the PRSIndia, Rajya Sabha passed the Indian Institutes of Information Technology Laws Bill on September 22, 2020. The motive behind incorporating the bill is to provide essential knowledge in the field of Information Technology to deliver feasible solutions to the problems faced by the country.
Recent Technical Development in India
These are some of the recent developments that have been happened in India:
In July 2021, ISRO announced that its geo-imaging satellite named ‘EOS-03’, which will enable near-real-time monitoring of natural calamities like cyclones and floods is scheduled for launch in the third quarter of 2021 and Chandrayaan-3 is likely to be originated in the third quarter of 2022.
In August 2021, the Deep Ocean Mission (DOM) received central government approval, which will be incorporated by the Ministry of Earth Sciences at an estimated budget of Rs. 4,077 crore ( approximately US$ 548.54 million) for five years. These Deep-Sea technologies such as manned submersibles can go as deep as 6,000-metre water depth, which enables deep-sea exploration, mining of deep-sea mineral resources, and marine biology research.
In August 2021, Union Minister of State Science and Technology (Independent Charge), Dr. Jitendra Singh declared that the food storage technology — Gamma Radiation has been shared with the private participants. Presently, 26 gamma radiation processing manufacturers are operating in India in the private, semi-government, and government sectors for the irradiation of several products.
As per the Science and Engineering Research Board, DST & GE India are likely to come into a partnership for Advanced Technology Research. Forecasting shows the fact that in the upcoming five years, the academic institutions will be provided with funding over US$ 2.68 million for research and development in the field of energy, aviation, and healthcare.
Oppo’s India research and development center (R&D) has filed 200 patents, including patents for 5G and extreme camera technologies. The company is also forecasting to generate massive investments in India from its US$ 7 billion global investment pool.
Conclusion
India is extensively establishing itself as an emerging leader in the field of industrialization and technology. The innovations and enormous development in the nuclear energy sector show the mindset of India towards enhancing its nuclear capacity. India’s latest plan, named Science, Technology and Innovation Policy 2020, looks to advertise Science more efficiently and effectively. With all these new-age technologies, India is looking to outcome all the technological challenges arising inside the country.
