December 8, 2021

Rajeev Chandrasekhar: “China Benefitting Most From Digitalization After Unleashing Worst Humanitarian Crisis In The World”

2 min read

Rajeev Chandrasekhar, MoS MeITY and Skill Development & Entrepreneurship: "It Is An Irony That China, Which Unleased The Worst Humanitarian Country In The World Is Benefitting Digitalization"

 

Rajeev Chandrasekhar, Member of Parliament (MP), who holds key portfolios of Minister of State (MoS) for Electronics & Information Technology and Skill Development & Entrepreneurship in a memorial lecture organised in honour of late Air Commodore Jasjit Singh by Centre for Air Power Studies (CAPS) In New Delhi said, “I think what the honourable prime miNister has done from the 2014 is changed the landscape of economic activity in India. Earlier we used to be dependent on 4 or 5 or 6 groups as they were called earlier that drove the economy, now we have increasingly large piece of economy that have been driven by new entrepreneurs new young minds, fresh minds who look at the Government with healthy scepticism and there is battle for mutual respect but the economy is still dominated by the oldies if i can use that phrase and that will take sometime”.

“I don’t think we have to allow it for some time. I don’t think this process of sort of delinking from China specially by some of our corporates who have sort of heavily invested emotionally or whatever it is in them is going to be so abrupt. But I have absolutely no doubt in saying today that the roadmap that we have in our minds specially for electronics and I say electronics because electronics is the second largest traded global commodity after petroleum”.

“The electronics market worldwide is 1.5 trillion and out of 1.5 trillion 650 billion dollars is China originated. So in a way the world is addicted to China as a supplier of electronics and in the post covid world, the demand for electronics and digitalization is on upswing because everyone today wants a tablet, every body wants a phone because they all sitting on internet either working, studying or so the demand for electronics and digital products have increased post Covid and thus is the irony that the country that effectively unleashed the worst humanitarian crisis in the world is the one today that is benefitting from rapid digitalization and that is the equation that we want to change”.

“I think if there is anything that these countries, societies must dictate the future of technologies and that transition, I suspect will take little bit of time. In the interim, I will put this down to blip as corporate behaviours change and modify and modulate”.

The lecture was attended by serving Chief of Air Staff, Air Chief Marshal VR Chaudhari and former airchiefs and veterans of Indian Air Force along with service force personnels.

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