“Startups will drive the country to reach US$10 trillion economy” – TV Mohandas Pai Loktej Business News

“Startups will drive the country to reach US trillion economy” – TV Mohandas Pai  Loktej Business News

Jaipur, April 4 (HS). India is strategically preparing itself to empower ‘problem solvers’. Reaching the top three for value creation globally is proof of this. Indians are leading the creation of unicorns on the global stage. Startups will prove to be a force multiplier to take the country to a US$10 trillion economy. This was said by TV Mohandas Pai, Chairperson of Manipal Global Education and renowned Indian businessman, while sharing his views at an event organized on the theme ‘India@2047’ in Jaipur. The event was organized to mark the 25th Silver Jubilee of Data Infosys, now known as Data Genius Global Limited.

In his welcome address at the launch of the event, Ajay Data, Managing Director, Data Group of Industries, highlighted the company’s 25 year long journey as an epitome of innovation, tenacity and success.

Pai further said that aging is humanity’s biggest challenge. A major strength of India compared to other economies is its young population and India will continue to have a young population until 2100. Apart from other benefits that drive economic growth, the transformative impact of digitization has also come to the fore in India. India, which is the biggest force in software exports and is renowned as an emerging ‘Deep Tech Hub’, is leveraging digital platforms in a big way. Pai highlighted ‘widespread access to basic needs through technology’, a significant achievement during the tenure of Prime Minister Narendra Modi.

Talking about the future, he remarked that in the next few years, India will go from being ‘data poor’ to being ‘data rich’. India has pioneered the use of Digital Public Goods (DPG) as a technology enabled force multiplier for development. DPG is a new and improved way of delivering public goods (and services), including Aadhaar identification system, healthcare, government schemes and other digital public infrastructure like banking and payments.

For Rajasthan, Pai suggested that the state needs to focus on labour-intensive industries to increase employment as well as promote tourism. He said that there is immense tourism potential in the state, which still needs to be fully utilized.

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