“We owe a lot to the Indians, who taught us how to count, without which no worthwhile scientific discovery could have been made.”  – Albert Einstein. The quote takes me back to ancient India- India bejeweled with noteworthy scholars and scientists whose theories and techniques serve as the fundamentals of science and technology in today’s world. I believe that every time period in the ancient chronology has its own technological footprint, which is carried forward. It is due to the rich history of technological developments that India has been able to carve a niche in the world economic structure.

 

In today’s world, which is obsessed with the concept of ‘development’, technological advancement is the key indicator of a country’s growth. In terms of economic growth, science & technology is a cardinal element of economic planning. It involves the utilization of the country’s resources in order to derive the paramount output for the welfare of the society and achieving a respectable quality of life.

India is the third most appealing investment destinations for technology transactions in the world. About 85 per cent of the funds for Science & Technology(S&T) are obtained directly or indirectly from the Government. Furthermore, the S&T infrastructure in the country accounts for more than one percent of the gross national product (GNP).  (Ref nistads.res.in). Due to the advent of wireless services, mobility and coverage is accessible to users at a nominal rate. With a onetime payment facility of subscribing to the mobile services, making worldwide connections has become an effortless process. It is not a shock that India has surpassed USA to become the second largest global smartphone market in terms of users.

Policies are being continually made with an aim to put India on the map of digital development with a vision of a better India .‘The Internet Economy’ or Internet of Everything (IoE), is expected to generate new market growth opportunities, jobs, and hence become the biggest business opportunity. The Department of Electronics & Information Technology of India published the ‘Internet of Things’ policy estimating that the IoT industry in India will grow up to INR 940 billion, by 2020. (ref: electronicsmaker.com ) . With Honorable PMO’s Vision of ‘New India by 2022’, India is transitioning from the casual attitude of “chalta hai (anything will do) to badal sakta hai (we can change).”

As responsible millennials, we should discover and unleash the power of technology in a more useful and positive way, rather than exhausting the GB’s of the internet mindlessly.