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 of technology development saw India emerge first as the software services capital to go on to become the back-office capital to global firms.
This global trend of outsourcing has since evolved into Global Capability Centers being located in India, sucking away the remaining Indian talent that hadn't already migrated to the more developed economies.
Between migrant Indian talent servicing the hi-tech sector in global hotspots such as Silicon Valley in California and the native Indian talent under the employment of GCCs, the much-acclaimed Indian talent prowess in emerging technologies is largely deployed towards strengthening and enhancing foreign technology systems and platforms.
Since 2014, a key course correction has occurred with the Prime Minister Narendra Modi-led government prioritising Digital Public Goods.
Starting with taking Aadhaar universal to opening up banking through mobile phones, the DPG wave prioritised technology-led socio-economic development.
This DPG wave received its greatest boost in the aftermath of demonetisation with UPI for digital payments radically transforming commerce.
This story is from the December 26, 2024 edition of Business Standard.
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This story is from the December 26, 2024 edition of Business Standard.
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