Technology-driven innovation key to India’s economic growth: Jitendra Singh

New Delhi [India], May 4 (ANI): Union Minister Jitendra Singh on Monday stated technology-driven innovation led by the Department of Science and Technology (DST) over the previous decade is taking part in a key function in driving India’s economic progress, with its contribution increasing from analysis to trade, startups and nationwide improvement.
Addressing the 56th Foundation Day of DST on the Indian National Science Academy (INSA) Auditorium in New Delhi, the Minister stated science should now transfer “from laboratories to markets and from ideas to impact,” reflecting a coverage route that integrates analysis with economic outcomes.
He stated, “India’s science and technology landscape has undergone a decisive transformation over the past decade, supported by policy decisions that opened sectors such as space and nuclear energy to private participation,” creating new alternatives for startups and trade.
Referring to developments within the house sector, Singh stated that opening it to personal gamers has led to a surge in startup-driven innovation, with capabilities rising in areas reminiscent of satellite tv for pc applied sciences, contributing to each economic progress and nationwide preparedness.
The Minister harassed that no nation can advance in science with out collaboration between authorities, academia and trade, calling for deeper partnerships to strengthen the innovation ecosystem. He additionally highlighted the significance of indigenous analysis, noting that India is more and more creating its personal applied sciences throughout sectors, together with prescription drugs.

Singh stated, “India’s global scientific standing has also strengthened significantly, with a growing share of highly cited research publications, reflecting both quality and impact. He pointed to the expansion of India’s startup ecosystem, from a few hundred a decade ago to over two lakhs today, as evidence of a rapidly maturing innovation landscape.”
He additionally underlined the necessity for scientific establishments to talk their achievements successfully and have interaction with stakeholders to guarantee wider societal influence.
Highlighting administrative reforms, the Minister referred to efforts geared toward enhancing effectivity, together with restructuring legacy methods and selling decentralised decision-making.
Earlier, Principal Scientific Adviser Ajay Kumar Sood emphasised aligning analysis with know-how improvement and commercialisation, whereas DST Secretary Abhay Karandikar highlighted initiatives such because the Anusandhan National Research Foundation, RDI Fund and National Quantum Mission to strengthen India’s science ecosystem.
Singh expressed confidence that sustained reforms and stakeholder participation will allow India’s science and know-how ecosystem to play a defining function within the nation’s economic progress and world management. (ANI)