New delhi: Union Commerce and Industry Minister Piyush Goyal Said on Saturday that India is emerging as a global leader in technology and innovation, innovation, Driven by its Young Population, COST-EFFECTIVE R & D ECosystame, and Forward-Looking Policies.
He assessed that India’s embrace of technologies like artificial intelligence, machine learning, quantum computing, and data analytics is helping the Country Moves. In a video message shared on the social media platform x, goyal highlighted that India’s innovation costs are significantly lower than that that these in western economies.
“When we work on New Technologies in India, our cost is brought one-sixth or one-seven of what it would be in switzerland or europe or america,” He Said. He pointed out that with a $ 12 billion investment innovation, India can effectively generate outstcomes what $ 100 billion — The equivalent cost in developed nations.
“And when we roll that money over three or four cycles, you can imagine the scale of support this fund can provide to our innovation ecosystem,” Goyal Added Whilee Speaking at the IIT MADRASCIAS SANGAM 2025 Event.
The minister said that India is transforming from a job-seeking nation to one of job creaters, thanks to its thriving Startup and Research Landscape. “Our Science and Technology, Combined with Our Startup Ecosystem and R&D Efforts, Are Writing The India Growth Story of the future,” He said.
Goyal credited the Youth of the Country for Driving This Transformation, Stating that India’s Young Population is Leading Innovation, Research, and Technology Adoption Account Accounting Sectors and Governments. He Further Emphahsized that India does not shy away from adopting new technologies, and instead views that them as essential to economic growth.
“They are being Absorbed in our manufacturing, services, and business sector, helping India become the fastest-roads earge economy in the world,” The Minister said. “This Tech-Driven Approach is Helping India Buck The Global Slowdown Trend and expand its presence in International Trade and Innovation Leadership,” The Union Minister Mentioned. “
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