Great at coding, yet stuck with old thinking: Is India wasting its ‘economic supremacy’ potential? Akshat Shrivastava explains

Share This Post



India may have some of the world’s best engineering minds, but true technological dominance remains a distant goal. Financial educator and entrepreneur Akshat Shrivastava has drawn attention to the widening gap between India’s potential and its current trajectory, attributing the stagnation not to a lack of talent, but to systemic misalignments.

Historical Patterns of Power and Technology

In a post shared on social media platform X, Shrivastava highlighted that throughout history, civilizations that led in technology also held economic power. Citing examples from Mesopotamia and Rome to modern giants like the US and China, he emphasized that tech dominance has consistently paved the way for economic supremacy. The pattern is clear, he noted—nations that invest in and embrace innovation inevitably shape global influence.

India’s Untapped Talent Pool

Despite having a highly skilled engineering workforce, India has not yet translated its talent into global tech leadership. Shrivastava suggested that while the nation takes pride in its technical graduates and innovation hubs, there remains a visible hesitation toward emerging technologies. As an example, he pointed out that mainstream attitudes toward blockchain and cryptocurrency remain skeptical, with many still dismissing these sectors as unstable or speculative.

Cultural and Structural Challenges

Beyond just technology adoption, Shrivastava criticized certain old societal trends that, in his view, reflect a lack of scientific temperament. He expressed concern over the growing acceptance of pseudoscience, gambling, and astrology, suggesting these are signs of regression rather than progress. He also referenced India’s reluctance to fully embrace app-based services, contrasting it with the country’s ongoing reliance on traditional systems like local taxi unions.

Misaligned Incentives at the Core

The real hurdle, Shrivastava argued, lies in the incentives that drive political and economic decisions. According to him, while economic growth rewards forward-looking, tech-driven planning, politics often favors short-term populist moves that do not necessarily align with long-term innovation goals. This divergence, he said, is what holds India back from achieving true tech supremacy.

Shrivastava’s reflections come at a time when India is trying to position itself as a global tech hub, yet faces challenges in execution and policy alignment.





Source link

spot_img

Related Posts

Doctors Just Found Something Fascinating About What Happens When You Drink on Ozempic

Illustration by Tag Hartman-Simkins / Futurism. Source: Getty...

Access Denied

Access Denied You don't have permission to access...

I swapped my $1,000 desktop for a $300 mini PC and regret nothing

Earlier this year, I impulse-bought a tiny, inexpensive...

China launches Pakistan’s remote sensing satellite along with two of its own

China on Sunday launched a Pakistani remote sensing...

I think the Leapmotor B10 might be budget electric motoring done right

Introduction There are oodles of options in the crossover...

China accuses US of cyber breaches at national time centre

China has accused the US of stealing secrets...
spot_img