Vice President Naidu Calls for Innovation to Sustain Economic Growth

Speaking at the diamond jubilee celebrations of the National Institute of Technology (NIT) in Warangal, the Vice President of India, Venkaiah Naidu, said that innovation should be single, focused mantra that pushes the institution and the entire nation forward in order for India to meet its aim of becoming a five trillion-dollar economy by the year 2025. He emphasized the fact that it was no longer a luxury, but a necessity for the country to do this.

In a comment to highlight this urgency that he spoke of, Naidu said, “For India’s growth to be sustainable we have to go on an innovation overdrive. India just cannot afford to be obsolete any more.” He pointed out that until now, India has gained an image of being frugal when it comes to innovations. He did not, however, point to the fact that Indians not residing in India had been instrumental in some of the biggest innovations that the world has ever known, especially in the modern era.

Calling to attention a connection between technology and the workings of the nation, until recently riddled with instance of corruption, the Vice President pointed out that innovations had made it possible to fight against corruption, more specifically, the misappropriation of government subsidies, underlining the crucial role that a universal identification system that uses biometrics has assisted in this regard. His comment about this was, “We have to focus on simplifying and making our procedures transparent.”