August 17, 2023
In the era of digital advancements, technology continues to be the main driver shaping the world, leading to unprecedented changes in workplaces and homes. The pandemic has significantly impacted the adoption of emerging technologies across various industries, thanks to government policies and initiatives like Aatmanirbhar Bharat and Digital India. This blog will delve into the effects of adopting cutting-edge technologies on crucial sectors like Defence, Space, Smart Cities, Transport, manufacturing, and agriculture from the Indian government and PSU perspective and how it influences India’s economic development. These changes are propelling India towards establishing itself as a unique identity and a global hub in the post-COVID-19 world.
FY2022 has been an exceptional year for India’s technology industry, achieving a record 15.5 percent growth and reaching a revenue of US$227 billion. This success owes much to the winning combination of digital solutions and innovation. The Aatmanirbhar Bharat Abhiyan has significantly impacted the adoption of emerging technologies in the Government & PSUs. The blog highlights the various use cases of adopting cutting-edge technologies on key industries like Defence, Space, Smart Cities, and agriculture from the Indian government and PSU perspective and how it influences India’s economic development.
Aatmanirbharta in Defence sector has gained momentum due to the Union Budget 2022–23. The domestic Defence Industry has been allocated about 70% of the Defence budget. Contracts of Rs. 54,000 crores have been signed for domestic procurement. In FY 2022–23, India’s defence exports totaled Rs. 15,918 crores, a 24% increase from last year, and the government aims to achieve an export target of Rs. 35000 crores by 2025.
Source: Value of Defence Exports ( Rs Cr)
By integrating cutting-edge technologies, smart cities aim to optimize resource utilization, streamline services, and create a more connected and efficient urban ecosystem. These cities leverage digital technologies like IoT-enabled smart infrastructure, smart grids, intelligent transportation, and efficient waste management to enhance the quality of life, promote sustainable development, and improve overall urban governance.
Source: Press Information Bureau
AI, IoT and blockchain are transformative technologies with the potential to revolutionize the defence space sector by increasing efficiency and safety. As the Indian government aims to modernize the aerospace industry and encourage innovation by launching Mission DefSpace with 75 problem statements, these technologies will play a crucial role in achieving these goals and encourage indigenous design, development and manufacture of defence equipment.
India is making serious inroads in space exploration, which has opened up new opportunities in interplanetary missions. These missions have the potential to boost the nation’s economy, promote further technological advancements, and do path-breaking scientific research, especially in fields such as satellite communication systems, artificial intelligence (AI), and communication robots.
In recent years, digitalization has emerged as a transformative force, revolutionizing the agricultural landscape in India. The integration of technology into the agricultural sector has the potential to enhance productivity, improve efficiency, reduce wastage, and empower farmers with valuable information and tools.
According to the NITI Ayog research on artificial intelligence, agriculture must expand at a rate of 4 percent or higher to maintain an annual growth rate of 8–10 percent. AI in agriculture would be worth $ 2.6 Bn and rise at a pace of 22.5 percent Compound Annual Growth Rate (CAGR) by 2025.
The field of Information Technology (IT) has been continuously progressing through three timeless aspects: people, processes, and technology. These three aspects drive IT towards specific unified objectives: simplicity, intelligence, and abundance. India’s current digital transformation adoption landscape has been rapidly evolving, with the spending projected to scale to USD 23.6 billion in 2025 at a CAGR of 17%. India is currently embracing emerging technology trends with broad and impactful use cases, surpassing many other parts of the world.
Recent technological advancements have reshaped how public sector companies and government agencies function, leading to more efficient, transparent, and citizen-centric services. Forward-thinking organizations are challenging traditional practices, working smarter, and focusing on driving innovation within their structures and across their tech ecosystems. We believe in witnessing tremendous business opportunities in automation, wireless technologies, AI/ML, Big Data, blockchain, distributed architecture, Internet of Things (IoT), and other areas. By continuing to innovate and adopt cutting-edge technologies, the public sector can further strengthen its impact and contribute to the growth and well-being of the nation.
(Note: Aatmanirbhar is derived from 2 Sanskrit words, Aatma – Self, Nirbhar – Support. Together they mean Self Reliant)