National Education Day: How Science and Technology Are Leading In India
India is witnessing a steady rise in international corporations establishing their R&D centers here.
Delhi, New: Science and Technology are major subjects in Indian education nowadays. Leading educational institutions in the nation, the Indian Institutes of Technology (IITs), have established themselves both domestically and internationally. The world economy has benefited from the combined contributions of the six original IITs, as noted by Union Minister of Education Dharmendra Pradhan, of 300–400 billion dollars. The IITs have routinely been listed as one of the best universities in the nation and worldwide.Â
In honor of National Education Day, the following highlights some of the nation’s achievements in the field of Science and Technology.Â
According to information released by the India Brand Equity Foundation (IBEF), a trust created by the Indian government’s Department of Commerce, Ministry of Commerce and Industry, India is in third place globally for technology investments. An increasing number of global corporations are regularly establishing their R&D centers in the nation. The government has recently unveiled a number of initiatives to position India as a worldwide leader in science and technology. A number of fellowship programs have also been put in place to support the nation’s human potential for cutting-edge research.
IBEF also stated that there were 2,528 fellowships, 5,018 R&D projects, 3,702 publications, 30,532 active projects, and 797 innovations in India in FY21. Additionally, the scientific and technology industry added 1,497,501 workers throughout the year, making it the biggest employer in the nation.
The Ministry of Science and Technology will receive ₹ 14,217 crore from the government as part of the Union Budget 2022–2023. The Department of Science and Technology was given ₹ 16,361 crore in the Union Budget 2023–24.
India has made efforts to advance the development of its science and technology sector through international cooperation. With over 45 countries, the nation is currently involved in active bilateral scientific and technology cooperation programs, including specific initiatives for Africa, ASEAN, BRICS, the EU, and neighboring nations.
According to the IBEF data, the major IT companies in the nation, including TCS, Infosys, Wipro, HCL, and Tech Mahindra, hired over 122,000 new staff in the first half of FY22, almost exactly matching the 138,000 hired for the whole FY21. The nation experienced a 572% increase in patent approvals between 2014 and 2021.
A Japanese tech company called TechnoPro has made the decision to employ 10,000 engineers and researchers in India by 2022–2023.
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