The digital revolution is a must in a bid to make India the next economic super power, opined industry stalwarts. Besides, they added that the youth today should understand and practice machine learning.
While discussing some factors that will revolutionise and change the face of India’s future, Nitin Paranjpe, CEO, Hindustan Unilever, said that the India we foresee is not inevitable, but is under the weight of many challenges.
“It’s all about the inner calling and your answer to the knock of destiny,” he said while addressing hundreds of management students at the Narsee Monjee Institute of Management Studies’ (NMIMS) annual event, Paragana.
Meanwhile, Arijit Sarkar, Director (Online Sales), Google, said that while the digital revolution had seen a massive growth in urban India, where 137 million internet users of the world reside, the issue is still gripped with challenges such as illiteracy and lack of penetration in the blue-collar households.
Citing the patterns of e-commerce usage and consumption patterns of other internet based services, Sarkar was able to forecast the immense growth in the e-commerce industry and internet based TV viewership, thereby proving them to be the key drivers of emerging India.
Other important issues highlighted were the need for better governance and transparency.
“There is an ardent need to address the accumulating blockage in the regular flow of control in modern day India and wherein accountability and transparency has been introduced,” said Govindraj Ethiraj, an ex-Government official at UID (Unique Identification number project).