Indian Economy News

Union Minister Dr. Jitendra Singh says, the successful launch of Chandrayaan-3 has sparked global aspirations in Indian students

Dr. Jitendra Singh, the Union Minister of State (Independent Charge) for Science and Technology, Personnel, Public Grievances, Pensions, Atomic Energy, and Space, stated that Chandrayaan-3's successful launch has sparked global aspirations in students of India.

This is even more evident, according to Dr. Jitendra Singh, because the number of Space Startups sky-rocketed from just four to 150 Startups after Prime Minister Mr. Narendra Modi opened up the sector in June 2020, with the majority of them being led by science students, researchers, and entrepreneurs.

After officially opening the Science 20 (S20) Conference under the auspices of the G20 on the subject of "Disruptive Science for Innovative and Sustainable Development" at Amity University, Noida, Dr. Jitendra Singh addressed the audience.

According to Dr. Jitendra Singh, Startup India, Standup India, and Make in India will help transform India into an even stronger economic power and contribute to adding US$ 1 trillion to the gross domestic product (GDP) each year. These initiatives are driven by Prime Minister Mr. Narendra Modi's ideas.

Before the special Startup scheme was implemented in 2016, there were only about 350 startups, according to Dr. Jitendra Singh. Since then, there has been a quantum leap, with more than 1.25 lakh startups and more than 110 unicorns. Similar to this, he noted that there are currently 6,000 Biotech Startups, up from 50 or so in 2014.

He added, "The Government of India has focussed on Public-Private Partnership (PPP) in research and innovation to realise the global endeavours of India making the country Aatmanirbhar through Make in India and Make for the World philosophy. The Government is actively working towards deepening the reach of public-private partnerships to create timebound world-class infrastructure and attract private sector and institutional capital in infrastructure.”

According to Dr. Jitendra Singh, India has the fifth-largest economy in the world, ranks highly in scientific research, and even places among the top five countries in the field of space exploration. Over the past ten years, science and technology have exponentially increased throughout the nation.

Dr. Jitendra Singh stated that India's G20 Presidency under Prime Minister Mr. Narendra Modi during the year 2022-23 has sought to be inclusive, ambitious, action-oriented, and decisive in reference to the next G20 Summit in New Delhi later this week.

Further, he added that the goal of S20 is to take advantage of interactions in science, technology, and thought amongst different countries, areas, and communities in order to solve global issues and establish reliable worldwide alliances.

He praised the fact that Prime Minister Mr. Narendra Modi's Scientific Social Responsibility (SSR) project is one of the key topics covered during the S20 Conference.

The idea of 'Vasudhaiva Kutumbakam,' or 'the world is one family,' is drawn from the Maha Upanishad, an ancient Sanskrit text, and it serves as the theme of India's G20 Presidency. The importance of all life and its interconnection both on Earth and elsewhere in the universe has been amply and profoundly underscored by the S20 topic, he claimed.

The S20 Conference covers the topics - Clean Energy for a Greener Future, Universal Holistic Health, Science for Society and Culture, and the Role of Media in Science and Culture.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.