The Old Economy can take us only so far. We have to accelerate with the New Economy. Our only way forward is to embed a layer of technology on top of the Old Economy. Specifically, Deep Tech, coupled with a bold corporate India strong on manufacturing. The three pillars on which India should concentrate on are pushing Deep Tech, Big Tech Diversification-Global Tie-ups and Hardware-Electronics.
Focus on 3As and 1C for deep tech push: Deep Tech is the future and the startups that come out of that will rule tomorrow. The Indian Startup Ecosystem is the 3rd largest in the world, but we can aim for the top spot. 3As and 1C are Automation, Augmented, Access & Cloud.
Big tech diversification and global tie-ups: It all started with Jio. If it’s all about global mergers, acquisitions, investments and tie-ups, then Jio is showing the way. First came a host of investors, more than a dozen.
Hardware and electronics to form the backbone of Deep Tech ecosystem: The forgotten pillar which is equally important to power the IT industry and has shown to be even more important especially in light of the global supply chain disruption caused by the Covid-19 crisis.
How Deep Tech can help fast track development in India: the 2020s could well be the Decade of India. But for that, the government, tech industry, Corporate India and SMBs will have to come together and get deep into technology.