• Feedback
  • RSS Feed
  • Sitemap
Ommcom News
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ
No Result
View All Result
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ
No Result
View All Result
Odisha News, Odisha Breaking News, Odisha Latest News || Ommcom News
Home Nation

India Leading Global Tech Race With Cost-Effective Innovation: Piyush Goyal

OMMCOM NEWS by OMMCOM NEWS
July 5, 2025
in Nation

New Delhi: Union Commerce and Industry Minister Piyush Goyal said on Saturday that India is emerging as a global leader in technology and innovation, driven by its young population, cost-effective R&D ecosystem, and forward-looking policies.

He asserted that India’s embrace of technologies like artificial intelligence, machine learning, quantum computing, and data analytics is helping the country move up the global growth chart.

In a video message shared on the social media platform X, Goyal highlighted that India’s innovation costs are significantly lower than those in Western economies.

“When we work on new technologies in India, our cost is nearly one-sixth or one-seventh of what it would be in Switzerland or Europe or America,” he said.

He pointed out that with a $12 billion investment in innovation, India can effectively generate outcomes worth $100 billion — the equivalent cost in developed nations.

“And when we roll that money over three or four cycles, you can imagine the scale of support this fund can provide to our innovation ecosystem,” Goyal added while speaking at the IIT Madras Alumni Association’s Sangam 2025 event.

The minister said that India is transforming from a job-seeking nation to one of job creators, thanks to its thriving startup and research landscape.

“Our science and technology, combined with our startup ecosystem and R&D efforts, are writing the India growth story of the future,” he said.

Goyal credited the youth of the country for driving this transformation, stating that India’s young population is leading innovation, research, and technology adoption across sectors and government programmes.

He further emphasised that India does not shy away from adopting new technologies, and instead views them as essential to economic growth.

“They are being absorbed in our manufacturing, services, and business sectors, helping India become the fastest-growing large economy in the world,” the minister said.

“This tech-driven approach is helping India buck the global slowdown trend and expand its presence in international trade and innovation leadership,” the Union Minister mentioned.

(IANS)

ShareTweetSendSharePinShareSend
Previous Post

Work Underway For 25 Highways In Himachal: JP Nadda

Next Post

Resumption Of FII Buying Hinges On India-US Trade Deal, Q1 Results

Related Posts

Nation

MP Horror: Police Probe ‘Human Sacrifice’ After Gruesome Murder In Tikamgarh

July 6, 2025
Piyush Goyal
Nation

Commerce Ministry Reviews FTAs, Proposes SEZ Reforms

July 6, 2025
Nation

‘In This Era Of AI..’ PM Modi Uses Tech Metaphors To Question Unreformed Global Bodies

July 6, 2025
Nation

Maoist Landmine Claims Life Of Young Elephant In Jharkhand’s Chaibasa

July 6, 2025
Nation

Telangana CID Arrests Falcon COO In Rs 4,215 Crore Scam

July 6, 2025
Nation

Two More Die, Death Toll In Telangana Pharma Unit Blast Rises To 42

July 6, 2025
Next Post

Resumption Of FII Buying Hinges On India-US Trade Deal, Q1 Results

No More A Weak India Under Cong, We Now Negotiate From Position Of Strength: Piyush Goyal

Odias In Australia Celebrate Bahuda Yatra With Devotion

khimji
TPCODL
OMC
  • Feedback
  • RSS Feed
  • Sitemap

© 2025 - Ommcom News. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ

© 2025 - Ommcom News. All Rights Reserved.