VivaTech 2021 UPSC
Source : PIB
GS III : Effects of liberalisation on the economy, changes in industrial policy and their effects on industrial growth
Why in News ?
Prime Minister delivered the keynote address at the 5th edition of VivaTech 2021. Invited as a Guest of Honour to deliver the keynote address at VivaTech 2021.
What is VivaTech 2021 UPSC perspective ?
- One of the largest digital and startup events in Europe, held in Paris every year since 2016.
- This bring together the best innovation actors to ignite positive change in business and for society and act as a global catalyst for digital transformation and startup growth.
- Partnering with NGOs and not-for-profit organizations to present special initiatives to promote diversity in tech and digital access for all.
- Program tracks dedicated to Tech for the Environment, Tech for Society, Future of Work and Democracy & Ethics zoom in on how technology is helping us to address the most pressing global challenges.
- It remains committed to becoming a carbon-neutral event.
Indian Digitial And Startups
- India is home to one of the world’s largest start-up eco systems.
- By 2022, India’s digital economy is likely to cross $1 trillion.
- Several unicorns have come up in the recent years.
Image by Gerd Altmann from Pixabay - world can invest in India based on the five pillars of : Talent, Market, Capital, Eco-system and, Culture of openness.
- India have strengths like
- Indian talent pool
- Mobile phone penetration and Seven Seventy-Five million internet users
- Highest and cheap data consumption in the world
- Highest use of social media to invite investors to India.
- Initiatives like
- State-of-the-art public digital infrastructure, five hundred and twenty three thousand kilometres of fibre optic network linking One hundred and fifty six thousand village councils, public wi-fi networks across the country.
- There are state-of-the-art innovation labs in Seven Thousand Five Hundred schools under the Atal Innovation Mission.
Digital India Programmes In India
- The major focus of digital India mission are on digital empowerment of citizens by providing governance and services on demand.
- In order to make citizen digitally literate Pradhan Mantri Gramin Digital Saksharta Abhiyan is introduced.
- Overall 12000 rural post office branches have been linked electronically.
- Common Service Center (CSC) access point created under the National e-Governance Project.
- For digital payments BHIM app can be used
- DigiGaon or Digital Village place where the citizen can avail various e-services.
- Digital locker service operated by the Government of India that enables Indian citizens to store certain official documents on the cloud.
- India’s e-commerce market is set to grow three times to surpass USD 100 billion by 2022 as a result of digital penetration in India.
- Where India Lags in digitisation ?
- Lack of user education and manpower.
- Cost of smartphones are not affordable by poor.
- Low Budget Industries cannot be able to adopt as they lack funding.
- The internet speed is less as compared to advanced nations.
- Rural regions are still lagging as compared to urban regions.
Start Up Missions in India
- India now has more than 38,000 officially recognised start-ups and is the third-largest tech start-up hub globally.
- Half of the country’s population are below the age of 25 years that makes a favourable ecosystem to startup.
- Government of India launched the flagship initiative Startup India in 2016.
- As a result of population technically educated people are more than that of advanced countries.
- Challenges for Start Up
- For running a startup, a significant amount of working capital is required.
- The diversity in language is seen as an imbalance for advancement.
- The regulatory system is still complicated.
- Job seekers joining startup will leave once they become experienced.
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