India's phenomenal technological leap has opened up enormous opportunities: Amitabh Kant

Significant reforms have successfully made India an outlier of development and hope in a world marked by global turmoil, said Amitabh Kant, the Sherpa G20 in India. In a discussion with Times Internet Vice Chairman Satyan Gajwani and Zscaler CEO Jay Chaudhry, Kant spoke about India's unique and transformative approach to digitizing a country of 1.4 billion people. He also delved into the details of how large-scale adoption of technology transformed banking in India, leading the country to make 128 billion quick payments in 2023, the highest number in the world.

“India has made a phenomenal leap in technology and that opens up huge opportunities for people like Jay because cybersecurity will be the next big thing in India,” Kant said.

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On India's digital infrastructure, Gajwani said, “Today is a testament to India's strength at the global level. India has been very receptive to technological innovations and the introduction of bots. In other markets we see much more conservatism towards new technologies.”

Addressing what sets India apart, Chaudhry said: “India brings together some of the best minds to deliver these key enablers, but the government doesn't dictate everything.” The private sector is engaging and setting standards, which is wonderful .”


The discussion was part of #TheIndiaDialog 2024, hosted by Stanford University from February 29 to March 1, focused on strengthening Indo-Pacific relations. Kant, former CEO of NITI Aayog, explained PM Modi's vision of Start Up India and how it led to the quantum leap of over 100 unicorns in the country.

Kant also spoke about India's G20 successes in building consensus on issues such as Russia's war in Ukraine, climate change and debt sustainability. He mentioned the challenges India faces in terms of manufacturing output and agricultural productivity, but said he strongly believes they represent an opportunity for the country to capitalize on its strengths – an emerging young population, a strong one Focus on technology and commitment to clean energy. to carve out its niche in the new world.

Earlier, India's Consul General K. Srikar Reddy, in his inaugural address for #TheIndiaDialog 2024, introduced the theme: “The Elephant Moves: India's New Place in the World.” He emphasized the importance of the event, especially in view of the upcoming general elections in India.

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Panel discussions, keynotes and fireside chats at the conference covered a wide range of topics, including sustainability, education, nutrition, healthcare, reform, urbanization and culture. Discussing India's performance and future prospects, panelists highlighted that ongoing process reforms in key sectors could significantly impact India's rise. Experts also stressed the importance of a robust India-US partnership that goes beyond political issues with China. They argued for shared perspectives and diverse trade partnerships, highlighting the potential benefits of strong Indo-Pacific cooperation in an increasingly interconnected world.

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