India's tech sector to hit $350 billion in five years, says defence minister Rajnath Singh

Defence Minister speaks of the "Indian Dream," emphasising that this is a time for India to redefine the global landscape with its spectrum of achievements

- STATESMAN NEWS SERVICE

Defence Minister Rajnath Singh has emphasised on the rapidly expanding technological landscape in India, projecting that the sector would reach USD 300-350 billion in the next five years. In his address at the 16th Foundation Day of IIT Mandi, the Union Minister while highlighting the country's remarkable progress, noted India's emergence as the third-largest startup ecosystem in the world, with over 1.25 lakh startups and 110 unicorns.

"India's technological sector is growing at an unprecedented pace, and the opportunities for young innovators are boundless," Singh stated. He encouraged the students of IIT Mandi to not only embrace technological advancements but to also become the "disruptors" who lead the charge in creating groundbreaking technologies. He stressed that the biggest challenge today is not just adapting to rapidly changing technologies, but pioneering new ones that shape the future.