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Information Technology
India stands at the cusp of a transformative innovation era, as highlighted by Romal Shetty, CEO of Deloitte South Asia, at the recent Economic Times Awards for Corporate Excellence (#ETAwards). His insights paint a vivid picture of India’s unique strengths—its demographic dividend, macroeconomic stability, and leadership in artificial intelligence (AI) and deep technology—propelling the nation to not just adapt but define the global tech ecosystem[1][4].
The surge in innovation is not incidental; it is a strategic effort intertwined with India’s economic policies and technological ambitions. Romal Shetty’s address underscores why this moment is critical for India’s leap into a future dominated by AI-driven transformation, cutting-edge semiconductor manufacturing, and novel business models unlocking fresh growth avenues[5].
India’s young population is a vast reservoir of talent and creativity, driving innovation in sectors from technology to manufacturing. Coupled with a stable macroeconomic environment, this demographic advantage supports sustained investment in R&D and technological initiatives[1].
Romal Shetty emphasized India’s strides in AI and deep tech innovation, positioning the country as a future powerhouse in these domains. This includes AI applications across industries, pioneering research, and governmental support to integrate AI solutions into the mainstream economy[1][4].
India is undertaking an ambitious project to establish itself as a semiconductor manufacturing hub. With five semiconductor units under development and the unveiling of a made-in-India chipset slated for 2025, the nation is setting the stage to reduce dependency on imports and boost its electronics ecosystem[1][4].
Romal Shetty elaborated on how innovation is central to sustaining India’s GDP growth trajectory of 7-8% over the next two decades. Conventional growth drivers might sustain 4-5%, but breakthrough innovation—new business models, inventions, and research and development—will accelerate economic expansion[5].
The ‘Deloitte presents the Economic Times Awards for Corporate Excellence’ showcased not only individual or company successes but highlighted a tradition of fostering smarter ecosystems that integrate technology and sustainability. Romal Shetty’s remarks reflect on the need for corporate India to embrace innovation holistically to stay competitive globally[1][4].
Romal Shetty’s vision at the #ETAwards crystalizes a moment where India is not merely reacting to global disruptions but is actively innovating to influence the direction of technology and economic growth worldwide. With strategic investments in AI, deep tech, and semiconductor manufacturing, backed by strong leadership and a collaborative ecosystem, India’s innovation moment is poised to unlock unprecedented opportunities.
The economic and technological transformation underway suggests a future where India will not just be a participant but a leader in the global innovation narrative, shaping new realities for decades to come[1][4][5].
By blending visionary leadership insights and real-world technological milestones, this coverage on Romal Shetty’s thoughts at the #ETAwards encapsulates why India’s innovation momentum is the story to watch in 2025 and beyond.
