India's Robust Tech Ecosystem to See Spring, Not Winter; Digital Economy Ready for Strong 2023, MoS IT Says

India's digital prowess will grow in 2023 and over the next five years, driven by technology, start-ups, semiconductors, electronics and computing, Minister of State for Electronics and IT Rajeev Chandrasekhar has said allaying any concerns over tech winter, and predicting spring for the country's booming innovation ecosystem.

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The comments by the IT minister are significant given the backdrop of slowdown headwinds in the West, recent spate of layoffs by US tech giants, global market turmoil, and talks of tech winter.

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Chandrasekhar, who is the Minister of State for Electronics and IT, told PTI that global and domestic opportunities for digitisation continue to be "very strong".

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He exuded confidence that India's trillion dollar digital economy vision is "well within our grasp" and "an absolutely incontrovertible fact".

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The momentum of digital economy will continue in 2023, backed by enabling rules and laws that offer catalysing framework for technological growth and innovation, he promised.

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It is pertinent to mention here that while India has tightened IT rules for the safety of digital and social media users, and work has started on new law for data protection, the norms for online gaming and contours of the draft Digital India Act are expected to be out soon.

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India's Robust Tech Ecosystem to See Spring, Not Winter; Digital Economy Ready for Strong 2023, MoS IT Says

Minister of State for Electronics and IT Rajeev Chandrasekhar said innovation and startup momentum will continue despite certain corrections now and then.

Brought to by you Trickyenough

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The comments by the IT minister are significant given the backdrop of slowdown headwinds in the West, recent spate of layoffs by US tech giants, global market turmoil, and talks of tech winter.

Brought to by you Trickyenough

Chandrasekhar, who is the Minister of State for Electronics and IT, told PTI that global and domestic opportunities for digitisation continue to be "very strong".

Brought to by you Trickyenough

He exuded confidence that India's trillion dollar digital economy vision is "well within our grasp" and "an absolutely incontrovertible fact".

Brought to by you Trickyenough

The momentum of digital economy will continue in 2023, backed by enabling rules and laws that offer catalysing framework for technological growth and innovation, he promised.

Brought to by you Trickyenough

It is pertinent to mention here that while India has tightened IT rules for the safety of digital and social media users, and work has started on new law for data protection, the norms for online gaming and contours of the draft Digital India Act are expected to be out soon.

Brought to by you Trickyenough