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Deep-tech focus critical for India to lead global digital innovation

The development of the IT services opportunity saw India emerge as the manpower capital of the world to service the Y2K problem at the dawn of the new century

The Indian Banking, Financial Services, and Insurance (BFSI) industry has shown strong resilience amid global headwinds and achieved impressive growth. Credit growth has remained robust, and non-performing assets (NPAs) have reduced to multi-year low
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Shashi Shekhar Vempati

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From artificial intelligence to direct-to-mobile broadcasting, India faces a technology strategy dilemma on whether to develop indigenous deep-tech ecosystems or to follow the lead on technologies developed outside India. From chips to platforms, India’s dependence on foreign deep-tech ecosystems points to a long-term strategic vulnerability. An emphasis on services over core technology, applications over platforms and use cases over foundational capabilities has marked India’s technology evolution since the 1990s. 
The development of the IT services opportunity saw India emerge as the manpower capital of the world to service the Y2K problem at the dawn of the new century. Subsequent phases
Disclaimer: These are personal views of the writer. They do not necessarily reflect the opinion of www.business-standard.com or the Business Standard newspaper

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