India sooner to become factory of the world thanks to the Brand "Make in India"

S Mohini Ratna
Editor
VARINDIA

With 1.9 billion devices expected to get connected in India alone by 2023, the Indian IoT market is forecasted to secure 20 per cent of the global IoT business ecosystem to reach nearly $15 billion in the next three years. In fact, by 2020, India’s Internet of Things (IoT) market will be positioned to secure 20 per cent of the global IoT business, to reach almost $15 billion.

Internet continues to play a crucial role in helping people connect and thrive. According to the World Bank, for every 10-per cent increase in broadband access, a developing country can see up to 2-per cent rise in GDP. Researches show that for every 10 people who get access to Internet, about one person gets lifted out of poverty and about one new job gets created.

The Government is incentivizing new investment in related sectors, which will be unveiled in the New Telecom Policy in 2018. IoT will be generating 10–15 million jobs in India with the adoption of IoT in the next few years and expressed government’s activeness on the issue of 5G. With this, enterprises in nearly every industry want to use the cloud to modernize and create new business opportunities.

It is an absolute fact that computers connected to Internet are vulnerable to cyber-attacks. Data breaches are on the rise and money in banks is at risk. There is strong requirement for certified cybersecurity experts and professionals by corporates and organizations to protect themselves from hackers and cyber crooks. Cybercriminals are now using highly advanced automation tools to deploy malware with much greater speed and scale. CISOs in India can no longer rely on a manual approach in cyber defence as cyber-attacks have become automated, riding on escalating infrastructure trends in cloud adoption and encryption.

The Indian telecom sector is going through a price discovery process. The consumption pattern indicates a demand for Internet usage, as long as it is affordable and reliable. We have close-to 700 million people who are not connected. The Digital India initiative presents a unique opportunity to get India online and spur local economic development. The Smart Cities story is still evolving and at a very nascent stage as it unfolds across the 100-plus cities, which will further trigger the comparatively 1,000-plus urban clusters, will unlock a huge economic potential and likely help generate incremental GDP growth. 

A million-dollar question comes to my mind as to how India will become factory of the world. As of today, China’s monopoly in the global market, Japan has pitched in for making India the factory of the world. Japan is committed to “Make in India”. If Japan’s high-level technique merges with India’s best human resources, the dream of Hon’ble Prime Minister Narendra Modi will come true as he wants to see a “mini Japan” in Gujarat. Secondly, Shri Narendra Modi showcased to the world that India was on the brink of major economic breakthrough on the basis of its demographic dividend and growing technological and entrepreneurial culture. 

Thank you for the feedback you have provided for the Channel Leadership Survey. And I want to express my appreciation to our readers and corporate houses for their unstinted support for all the changes we are implementing and for having stood by us in bringing out this 18th Anniversary Special Issue and making IT a success. I hope all of you will continue to reach out to us in the future also with your valuable feedback.

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