India: Tale of spectacular growth with limited resources
Every country has to walk the path of progress to become influential and to elbow the others out of the way. One of those paths leads to achieve technological and scientific progress. In today’s world, where all the things are machine operated, India has paid a tremendous attention to the different areas of development. With researchers, engineers and scientists in its tow, the technological competence of India has increased to a great
India is now riding on the wave of gigantic boom in the world of computer driven economy. It has really boasted the developments towards Information technology, which is unparalleled. It started blooming in the 1990s and was estimated at 150million US dollars in 1990-91. By 2006-2007, the industry has grown to 50,000 million US dollars, which is a 330 fold increase in just 15 years. Such revolution has triggered a huge growth and massive educated focused workplace, which leads India to become one of the top economies of the world by 2020.
Over the years, a strong science and technology infrastructure has also been built in India. This includes a chain of national laboratories, specialized centers, training centers, various research and development academic institutions, etc., which consistently provide expertise, technically trained power and technological support to the industry. The Indian scientists and engineers are now working in several countries of the world and deliver good amounts of remittance to the country.
Today, India has the largest fleet of communication satellites in space with 10 satellites in orbit. It launches its rockets from the high-tech space port of Sriharikota, which is located on the coast of Bay of Bengal. Its Polar Satellite Launch Vehicle (PSLV) served as a versatile workhouse rocket of ISRO as it has made an enviable record of 24 consecutively successful launches. This shows India’s remarkable reputation in the space research also.
One of the best examples that emphasize more on the above statement is the Mars mission. It cost the nation approximately $75 million which was far cheaper than the similar missions including NASA’s $671 million Maven satellite. It is also just three quarters of the $100 million that Hollywood spent on last year’s space-based hit ‘Gravity’. This is one of the biggest milestones that India has ever achieved. By leveraging so much out of very limited resources, it has indeed established itself as the most cost-effective center globe-wide for variety of advanced technologies.
In addition to that, India recently launched GSLV-D5 (Geosynchronous Satellite Vehicle) mission, which is powered by an indigenous cryogenic engine. The vehicle has 49 meters of height, 415 tones of capacity and 1982 kg weight. Though few countries like US, Russia, France, Japan and China have only mastered the cryogenic engine technology, India has grabbed the position in the global heavy-lift launch market by launching this mission successfully.
With all such developments, all the key players of the world are now eyeing India as a source of technical manpower. They are looking at our youth as a source of talent at low costs for their future super profits. Since, they dare to think different and operate with an upbeat attitude and confidence.
Written By: Sarla Ahuja – Creative Writer
Concept By: Sagar Vakil – Business Development