Union Minister Rajeev Chandrasekhar Anticipates Digitalization Boom
New Delhi, India – In a recent address at the ET NOW Global Business Summit 2024, Union Minister Rajeev Chandrasekhar highlighted the significant shift towards digitalization and the need for cultivating talent in cutting-edge domains such as Artificial Intelligence (AI), semiconductors, and the future of the internet. Chandrasekhar emphasized the acceleration of digitalization due to the COVID-19 pandemic and the profound technological changes presenting both opportunities and challenges.
Prime Minister Narendra Modi’s vision since 2015 has been to leverage India’s demographic dividend by nurturing a highly skilled talent pool capable of capitalizing on opportunities domestically and internationally. Chandrasekhar acknowledged the existing talent shortage and the need to bridge the gap between opportunities and skilled individuals. The focus is now on developing future-ready skills rather than just industry-ready skills.
When asked about the impact of AI on the job market, Chandrasekhar acknowledged that while AI may replace and transform certain job roles, it will also create new opportunities for startups, enterprises, and companies. He expects dynamic evolution in employment landscapes as AI enables companies to do more with fewer resources.
Addressing concerns about internet safety and trust, Chandrasekhar emphasized the Indian government’s proactive approach to regulation. Since 2021, a framework of regulations has been established to ensure platforms and intermediaries are accountable for ensuring the safety and trust of internet users.
Overall, Chandrasekhar’s speech underscores India’s commitment to harness the potential of digitalization and emerging technologies. The focus is on developing a highly skilled workforce to thrive in the new decade’s technology-driven opportunities. The Indian government aims to establish itself as a skill talent hub and ensures regulations are in place to protect internet users’ safety and trust.
With the Indian government’s relentless efforts and proactive measures, India is poised to witness a digitalization boom, driving economic growth, and paving the way for a technologically advanced future.
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