
It's not enough to overtake another country in GDP rankings. The challenge is to lead in ideas and innovation
India is projected to surpass Japan in nominal GDP as the fourth-largest economy. That is more than just a statistical feat. It is a moment of national pride, but also one of introspection. How do we transform this economic milestone into a sustainable, equitable future? The answer, as history and evidence suggest, lies not just in markets or manpower, but in mastering science.
Historically, nations that led the world economically were also those that led in scientific endeavour. The United States' supremacy in the 20th century wasn't only due to capitalism, but its deep investments in basic and applied science — from the transistor and GPS to the Human Genome Project. China's rapid ascent has been propelled by high-tech ambitions, state-driven R&D, and long-term science planning. Sustainable leadership comes not from momentary success but from robust systems rooted in innovation and openness.
India's growth so far has been powered by services, IT exports, and consumption. These have delivered gains, but do not constitute the deep, durable foundation that a science-driven economy offers. Episodic success in space or pharma isn't enough. We must build an ecosystem where success becomes systemic, not sporadic.
That shift begins with public policy. India currently invests around 0.7 per cent of GDP in R&D — far below the levels of South Korea, Israel, or China. The newly established Anusandhan National Research Foundation (ANRF) could be a turning point — if backed by sustained funding, transparent governance, and the right priorities. Basic research, though less visible in the short run, yields far-reaching and longer-lasting economic dividends than applied research. It seeds future technologies, spills across sectors, and fuels cross-border knowledge flows.
Second, science must be embedded in education. Beyond IITs and IISc, we need regional universities to become innovation anchors — collaborating with local industries and solving real-world problems. These institutions remain India's most underleveraged resource for scientific decentralisation. This calls for reform: Autonomy in governance, creative pedagogy, and faculty evaluation metrics that reward mentorship, problem-solving, and community engagement.
Third, India must develop a confident and future-oriented scientific vision. Economic strength alone does not define national stature. It must be accompanied by purpose, planning, and pride in original thinking. Our innovation goals must be tied to our unique needs: Clean water, energy security, equitable healthcare, and sustainable agriculture. These challenges are not constraints — they are opportunities to lead in frugal, inclusive innovation.
Fourth, we must upgrade our industrial strategy. In 2022, high-tech sectors accounted for less than 10 per cent of Indian manufacturing, compared to 30 per cent in South Korea. To rise further, India must foster world-class innovation by building domestic technology clusters — integrating labs, startups, manufacturers, and training institutes, and enabling them with shared infrastructure, IP support, and financing.
Fifth, our research evaluation system must evolve. Patents and citations matter, but they cannot be the sole metrics. We must also assess real-world utility, interdisciplinary reach, and long-term societal impact. Scientific culture must reward risk-taking, embrace failure, and support collaboration across domains and institutions. Innovation is rarely linear — it thrives on detours.
Sixth, we must address population dynamics in a scientific and sensitive manner. Though India's GDP will eventually surpass Japan's, our per capita income remains significantly lower. A stable population base is essential for translating economic growth into individual prosperity. India's total fertility rate is declining, but unevenly across states. A voluntary, rights-based approach — focusing on education for girls, reproductive health services, and awareness of economic opportunities — can help create a more balanced and empowered demographic landscape.
Finally, science must be seen not just as an engine of economic growth, but as a cornerstone of democratic vitality. A society that values curiosity, evidence, and experimentation is better equipped to solve problems, question authority, and nurture a shared sense of purpose. We must build a culture where science is aspirational, inclusive, and woven into everyday life — from classrooms to boardrooms to village labs.
India today stands at a crucial juncture: A rising economic power, but still finding its voice as a scientific leader. To move forward, we must make science not just a policy priority but a national ethos.
It is not enough to overtake another country in GDP rankings. The true challenge is to lead in ideas, discovery, and innovation. That requires making science the backbone of India's growth story — not just for today's headlines, but for tomorrow's generations.
The author is former Director, Agharkar Research Institute, and Visiting Professor, IIT Bombay. Views are personal
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Hindustan Times
6 minutes ago
- Hindustan Times
Technology must complement, not replace, human mind in judicial decision-making: CJI B R Gavai
New Delhi, Technology must complement, not replace, the human mind in judicial decision-making, Chief Justice of India B R Gavai has said while emphasising that the value of discretion, empathy and judicial interpretation is irreplaceable. In his keynote address on "Role of Technology in the Indian Legal System" at the School of Oriental and African Studies of the University of London, the CJI said while the judiciary welcomes innovations like automated cause lists, digital kiosks and virtual assistants, it must ensure that human oversight, ethical guidelines and robust training are integral to their implementation. "The value of discretion, empathy and judicial interpretation is irreplaceable," Justice Gavai said and pointed out that the Indian judiciary is well-positioned to develop homegrown ethical frameworks tailored to the country's constitutional and societal realities. "We possess the technological expertise, the judicial foresight and the democratic mandate to build systems that reflect our values of equality, dignity and justice," he said. "In fact, in the very first week after assuming office as the chief justice of India, I initiated a discussion with the Centre for Research and Planning of the Supreme Court to prepare a comprehensive note on the ethical use of artificial intelligence and emerging technologies in the judiciary. "Technology must complement, not replace, the human mind in judicial decision-making," the CJI said, adding, "The emphasis must always be on using technology to enhance trust and transparency never to replace the human conscience at the heart of justice." He said though the judiciary has started to embrace technology, with the emergence of artificial-intelligence tools in judicial processes from case management to legal research, document translation and even predictive analytics there must be caution. "Around the world, debates are ongoing about the ethical use of AI in legal systems. Concerns include algorithmic bias, misinformation, data manipulation and breaches of confidentiality. For instance, sensitive information, such as the identity of a victim of crime, must never be disclosed due to AI error or the absence of clear protocols. Additionally, a few recent cases have shown that AI tools can generate fabricated citations or biased suggestions if not properly regulated and monitored," the CJI underscored. He added that technology, if anchored in constitutionalism and empathy, can transform access to justice from an abstract ideal into a lived and shared reality. "As we continue our journey toward modernising the Indian legal system, our approach must remain deeply rooted in constitutional values. The integration of technology must be people-centric, inclusive and guided by ethical clarity. Our ultimate goal should be to make justice accessible to every citizen, regardless of language, geography, income or digital literacy," he said. Concluding his address, Justice Gavai said, "I firmly believe that access to justice is not solely the responsibility of the judiciary. It is a shared national commitment. Law schools, civil society, legal-aid institutions and governments must work in unison to develop and promote technological models that are accessible, transparent and inclusive." Meanwhile, at a joint event of the Singapore International Arbitration Centre and Trilegal organised on the occasion of London International Disputes Week, CJI Gavai said in recent decades, the justice-delivery mechanism, once confined within the boundaries of courtrooms, has witnessed a significant shift towards modes of alternative dispute resolution, with arbitration emerging as a prominent pillar of that transformation. The CJI was speaking on the topic of "Navigating the evolving landscape: The impact of the 7th edition of the SIAC Rules on India-Related Arbitrations". "At the cusp of this evolution lies the recognition that justice, particularly in complex commercial disputes, need not be adversarial or bureaucratic. Rather, it must be confidential, expert-driven and above all, tailored to the needs of those who seek it. Arbitration, in this context, is a substantive recalibration of how we understand and deliver justice," he said. Justice Gavai pointed out that over the last 10-15 years, India has made a multi-pronged effort towards its aspiration of building a favourable and sought-after place for arbitration. "While legislative reforms have significantly strengthened India's arbitration framework, the judiciary has also played a proactive role in fostering a more arbitration-friendly environment. Various progressive judgments by the Supreme Court of India over the last few years stand testament to this. Nonetheless, the enormity of India as a country has ensured that certain on-ground challenges continue," he said. "The Indian judiciary has and will continue to recognise and respect the autonomy of the arbitral process, ensuring that the courts step in only when demanded by the needs of justice," he added. The CJI said, "In conclusion, I am happy to note that the 7th edition of the SIAC Rules is a forward-looking endeavour, aimed at enhancing efficiency while balancing fairness. For India, whose commercial players are increasingly global in outlook and operation, these rules offer both an opportunity and a challenge the opportunity to align with international best practices and the challenge to elevate our own standards while balancing them with India's practical realities."


Fashion Value Chain
10 minutes ago
- Fashion Value Chain
Repo Rate Cut Fuels Real Estate Resurgence; Developers See Renewed Buyer Confidence
At a time of global economic uncertainty, the RBI has delivered a decisive signal with a 50 basis point cut in the repo rate, bringing it down to 5.5%. This marks the third consecutive reduction, underscoring the RBI's commitment to stimulate domestic demand, ease credit conditions, and propel investment cycles across key sectors. Among the immediate beneficiaries of this policy shift is the real estate sector. With consumer sentiment already on an upward curve, developers believe the lowered borrowing cost will catalyse housing demand, improve affordability for first-time buyers, and inject fresh liquidity into project development. Repo Rate Cut Fuels Real Estate Resurgence Deepak Kapoor, Director, Gulshan Group, says, 'A big news indeed. The decision to reduce the repo rate by 50 bps or 0.5% takes the total decrease in the repo rate by 1% in a short span of 6 months. The move also signals the central banks confidence in the growing resilience of the countrys economy which is increasingly exhibiting signs of certainty in the dynamically evolving global economic order. For the real estate sector, it will translate into an increase in new homeownership numbers.' Sandeep Chhillar, Founder and Chairman, Landmark Group, says, 'The RBIs decision to lower the repo rate by 50 basis points sends a strong pro-growth signal and undoubtedly benefits the real estate sector. Amidst the positive sentiments prevailing in the real estate sector, the decision will make the home-buying process for first-time homebuyers increasingly accessible. This move is expected to further propel the demand, sustain buyer interest, and create a favorable environment for continued growth across the housing market.' Harinder Singh Hora, Founder Chairman, Reach Group, says, 'The RBI's decision to cut the repo rate by 50 bps and bring it to 6% comes as a timely boost for the real estate sector. Lower interest rates would likely spur greater demand for retail loans, encouraging businesses to expand and boost end-user consumption. Hence, we expect a significant uptick in leasing activity and new project launches, reflecting strong investor and occupier confidence.' Dr. Amish Bhutani, MD, Group 108, says, 'RBI's third consecutive repo rate cut by 50bps signals continued confidence in India's economic growth story. This decisive move is set to unlock greater capital inflows, especially into high-impact sectors like real estate. Wherein, the commercial segment stands to benefit the most from easier financing. At a time when the country seeks robust economic growth, this rate cut would act as a timely catalyst, which would help attain the same.' Sanjay Sharma, Director, SKA Group, says, 'The third consecutive repo rate cut brings a wave of optimism in the Indian real estate market. 50 bps cut reflects RBI's clear intent to stimulate economic activity, which will not only give relief to homebuyers but will also boost demand across the real estate sector. Especially when the market is on an upward trajectory, we believe this decision will sustain its momentum.' Sehaj Chawla, Managing Director, TREVOC Group, says, 'The 50 bps repo rate cut by the RBI is a welcome step that reinforces the central banks pro-growth stance. For the real estate sector, this move is expected to unlock greater housing demand, as lower interest rates significantly reduce the cost of borrowing. At a time when consumer sentiment is gradually strengthening, this could act as a powerful catalyst, encouraging more fence-sitters to take the plunge into property ownership and further energising the sector's growth.' Pankaj Jain, Founder and CMD, SPJ Group says, 'At a time when the real estate sector is growing exponentially, the RBI bringing the repo rate to 5.5% will give a major boost to the sector. Lower borrowing costs will make home loans more affordable, thereby encouraging more buyers to enter the market. Alongside, the move offers a stronger case for developers to expand in untapped micro-markets. As the demand for premium homes rises, the deduction will pave the way for sustained growth.' Mr. Adish Oswal, Chairman of Oswal Group, says, 'The RBI's decisive move to bring the repo rate down to 5.5% provides a strong impetus to both the economy and the real estate sector. The total 1% deduction in the last six months will enhance liquidity, empowering developers to accelerate project launches and completions. While firm reductions in home loan rates will improve affordability, particularly for first-time buyers. Collectively, these developments are set to drive renewed momentum and sustained growth across the real estate landscape in the coming months.' Manit Sethi, Director, Excentia Infra, says, 'With the repo rate now cut to 5.5%, the RBI's bold move delivers a powerful boost to both the economy and the housing market. Developers will benefit from improved liquidity, speeding up project launches and deliveries. With home loan rates likely to fall further, affordability will improve, especially for first-time homebuyers. Together, these factors set the stage for robust growth and a vibrant real estate market in the months ahead.' Viineet Chellani, Founder and CEO, Asset Deals, says, The RBI's repo rate cut is a timely and strategic move to strengthen economic stability and revive sectoral growth. This 50 basis points reduction will provide much-needed relief to homebuyers and significantly boost demand across the real estate market. Lower borrowing costs and improved liquidity will enable faster project execution and better financial planning. We believe this rate cut lays a solid foundation for a stronger recovery in real estate as well as the broader economy.' Neeraj Sharma, Managing Director, Escon Infra Realtors, says, 'The RBI's decision to cut the repo rate from 6 per cent to 5.5 per cent is a significant move that will pave the way for the real estate sector. The reduction of 50 basis points will fuel much-needed momentum, resulting in lower EMIs for homebuyers and reduced borrowing costs for developers to launch more projects and meet the nation's housing demand. Therefore, it will not only boost housing demand but also spur overall economic growth and generate large-scale employment.' Prakash Mehta, Chairman and Managing Director of Ocus Group says, 'The RBI's 50 basis points repo rate cut demonstrates a strong intent to boost economic activity. For the real estate sector, it's a timely move that will ease borrowing costs, improve liquidity, and support faster project execution. This step is expected to lift market sentiment and reinforce long-term sectoral growth. It also enhances financial flexibility for developers and signals positive momentum for the overall economy.' Sunny Katyal, Co-founder, Investors Clinic, says, 'The 50 bps reduction in the repo rate will breathe new life into the real estate market. Amidst the surge in demand for both commercial and residential properties, this reduction is a significant move that will take the sector's growth to new heights. This will further ease financing costs for developers, thus benefiting ongoing and upcoming projects. Hence, we foresee increased buyer and investor enthusiasm alongside more competitive lending options from financial institutions.' Piyush Kansal, Executive Director, Royale Estate Group, says, 'The RBI's decision to cut the repo rate to 5.5% is a well-timed boost for the real estate sector. This move will ease financial pressure on homebuyers and developers alike, prompting more individuals to invest in property purchases and driving demand across the housing sector. We expect this to spur stronger sales activity and foster sustained stability and growth in the market moving forward.' Ashwani Kumar, Pyramid Infratech, says, 'The RBI's move to reduce the repo rate by 50 basis points is a timely and growth-oriented decision that will strengthen buyer sentiment in the real estate market. Lower interest rates will enhance home affordability, especially for first-time buyers, and ease the financial burden on developers. This policy shift is expected to accelerate housing demand and contribute positively to the sector's recovery and long-term momentum.'


Time of India
13 minutes ago
- Time of India
G7 Summit: 'Strong push from G6 to have India at table'; expert explains why Canada couldn't ignore PM Modi
Mark Carney and PM Modi There was a strong push from other G6 countries to have India at the table, Vina Nadjibulla, vice president of the Asia Pacific Foundation of Canada, said after Prime Minister Mark Carney invited his Indian counterpart, Narendra Modi. In an interview on CBC NN, Nadjibulla said that Canada is the outlier because the other six members of the G7 are interested in deepening their strategic partnerships with India When asked abut the Carney's decision to invite Modi in the G7, she said, "In terms of the G7, we are the outlier because the other six members of the G7 are interested in deepening their strategic partnerships with India, deepening their defense technology and economic ties. In fact, every day there is a new announcement about either France or UK Or US doing more with India." "So having India there also matters to everybody else. I think there was a strong push from other G6 to have India at the table. And I think in order for Canada also to be able to show relevance on the world stage, we can just engage in diplomacy with those whom we like. I mean, this is not diplomacy is not a gift to our friends. It's not a concession. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 5 Books Warren Buffett Wants You to Read In 2025 Blinkist: Warren Buffett's Reading List Undo It's a necessary tool to be able to advance our interests and defend our values, right?" she added. This statement came after the Canadian PM sent the invitation to PM Modi for the G7 Summit , which latter accepted. When asked abut the reason behind inviting PM Mdi, given the history of sour ties between the two nations over the killing of Hardeep Singh Nijjar on Canadian soil, Carney highlighted India's economic prowess and said that it "made sense" to have the fifth largest economy at the table. "There are certain countries that should be at the table for those discussions and in my capacity as G7 chair consultation with others some others make those determinations. India is the fifth largest economy in the world, effectively the most populous country in the world central to a number of those supply chains at the heart of number of those supply chains so it makes sense. And in addition, bilaterally, we have now agreed importantly to continued law enforcement to law enforcement dialogue so there's been some progress on that recognizes issues of accountability. I extended the invitation to uh Prime Minister Modi for in in that context and he has accepted," he added.