Upcoming decade is going to be a ‘Techade’: Sitharaman

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Bengaluru: Union Finance Minister Nirmala Sitharaman on Saturday said that the coming decade will be a ‘Techade’, and technology is going to drive us.

Delivering the keynote address at YourStory’s 13th Edition ‘ Techsparks’ here, she also stressed on frugality and scalability of innovation.

“…. technology driven innovators are the ones we need, who are going to look at local solutions which are affordable and have scaling up probabilities,” Sitharaman said.

She said that unless solutions are cost-effective and scalable, that typical thing about India innovation is not going to be there, and without these features, things cannot be achieved as aspired.

Noting that the coming decade is going to be a “techade”, and technology is what is going to drive us, the Minister said, “in technology is not just going to be looking at  some fundamental things you are going to change, but to do some things using several of those, which are yet not available for many of the parts of the world.”

Digital skeletal networks which are available in India are not available elsewhere, Sitharaman said. In India, digital fundamental infrastructure is created with the government, for it to be used for public good.

This kind of government coming out and creating a digital public good, with a futuristic approach is not available in many of the countries, she said, adding “when we talk about techade, we are not talking off the cuff.”

Recalling that there was a time when people spoke of global standards, Sitharaman said India today sets standards and the global benchmarks have been seen being achieved in India during and immediately after the pandemic.