'INDIA AIMS FOR 20-25% TECH CONTRIBUTION TO GDP'

Describing AI as a kinetic enabler of the digital economy

- 

The Indian Government has set a goal of making technology 20-25 per cent of the nation’s GDP by 2025, India’s IT minister Rajeev Chandrasekhar said while addressing Indian American entrepreneurs and asked them to be part of this story of India.

“Any part of technology that you look at today, there is significant presence and momentum by Indian startups, Indian enterprises and Indian innovators. Over the last five years, in particular, during and after COVID-19, the Indian innovation economy has grown from the four-five per cent in 2014 to ten per cent today,” he said.

Talking about the potential that technology as a sector has, he spoke about the aim for technology to contribute to nearly 20 per cent of the total GDP of India, setting the bar at $5 trillion.