nasscom Design & Engineering Summit 2024

India, long recognized as a leader in the service economy, particularly in technology services, now faces a crucial transition. As the global economy evolves, the need for India to shift towards research and innovation becomes more pressing. We'll explore the feasibility, challenges, and strategies for India to become a research and innovation powerhouse, focusing on emerging sectors, government initiatives, and policies promoting R&D. Addressing testing infrastructure limitations and funding constraints is crucial, as is fostering industry-academia collaboration, creating innovation hubs, encouraging private sector investment, and strengthening intellectual property rights. The goal is to achieve economic growth, job creation, increased global competitiveness, and an improved quality of life through innovative solutions.