Associate Director – Digital Health & Data Science | Opinions expressed are personal | Mentor | Learner
India's technology landscape is rapidly evolving, becoming one of the world's most dynamic ecosystems in terms of technological advancement and adoption. This rapid transformation is reflected in a multitude of sectors, from the bustling streets of Mumbai to the tech corridors of Bengaluru, where innovation is not just embraced but celebrated. In 2024, India stands out as a hub of innovation and opportunity, where tradition and modernity converge to create a vibrant ecosystem full of possibilities. The synergy between elevating and grounding forces is key to this change, with elevating forces fueled by interaction, information, and computing serving as catalysts for innovation, propelling industries towards uncharted territories. These forces herald the rise of transformative technologies such as spatial computing, which allows virtual worlds to blend with the real world, and Generative AI (GenAI), that gives organizations access to new insights and creative potential. Simultaneously, grounding forces, including the business of technology, core modernization, security, and trust, provide the necessary foundation for sustainable growth. Investments in modernizing core systems and bolstering cybersecurity infrastructure ensure seamless integration of new technologies while safeguarding against emerging threats. As technology evolves, DevOps undergoes a paradigm shift, prioritizing the empowerment of developers through developer experience (DevEx). This transition fosters a culture of innovation and collaboration, driving efficiency and creativity in software development. Furthermore, the Indian technology industry's revenue is set to surpass US$254 billion in FY2024, with a 3.8 percent year-on-year growth, marking an addition of more than US$9 billion compared with the previous year. The rising prominence of Global Capability Centres (GCCs), highlighting India's increasing ability to meet international tech demands, is a key contributor to the country’s growth. With over 1,600 GCCs, the Indian GCC market is on track to exceed US$100 billion by 2030, likely to employ more than 4.5 million people across 2,500 GCCs nationwide by 2030. The last decade has seen India create the world’s largest digital public service ecosystem, scaling it for a billion people to usher in an era of digitization. This has had a domino effect – improving governance and quality of life, driving technology innovation, IT services, and product development, and accelerating the tech start-up culture in India. As more businesses use immersive experiences powered by 5G and spatial computing, coupled with government initiatives supporting digital innovation, India is poised for a transformative era.
