New Technology In India: Recent Trends In IT

The development of any country is associated with the development of the people there. In view of this, it becomes necessary that science-technology and research work should play an important role in every aspect of life. A country can move forward on the path of development only when an information and the knowledge-based environment is created for its next-generation and adequate resources of research and research are available at the level of higher education. So, keep on reading this article on latest technology in India and the usage of new technology in India below…

What Is The Latest Technology In India?

The technology sector is a division of the equity sector fund that invests in companies involved in the technology business, such as computer software, computer hardware or electronics, and technology services industries that provide information about latest technology. Can gain access and exposure to stock with new technology in India.

Technology and IT sector in India

India’s technology sector is undergoing rapid evolution and the size of Indian business standards is changing. The global sourcing market in India is growing at a higher pace with technological advancement in India. India was the world’s top sourcing destination with a 55 percent share in the year. Some of the top IT firms with new technologies in India are Infosys, TCS, Wipro, Tech Mahindra, etc. which have made a huge mark in this sector.

IT trends in India services industry was born in Mumbai in 1917, with the establishment of the Tata Group in partnership with the elderly. The modern software export zone, SEPZ, the predecessor of the modern IT park, IT latest technology was established on 19 in Mumbai. More than 80 percent of the country’s software was exported from Sept in the year 1980s.

Technology Mutual Funds in India consistently deliver annual returns ranging from 15 percent to 19 percent over a five-year period. With such a beautiful performance in the past, it is believed that these funds will provide good returns in the future.

Ideally, investors should invest in these funds in need of diversification. This fund alone should not be relied upon for wealth creation. Investors who are planning to invest in technology funds must closely monitor the ‘past 3 years’ performance of the funds. Must have in-depth knowledge of the technology sector and its future market.

What Are Research And Development?

According to UNESCO, the creative work done in a planned way to increase the store of knowledge is called research i.e. research and development. It includes knowledge of mankind, culture, and society and the basic objective of research and development is to develop new applications from the sources of this available knowledge. 

Research and Development (R&D) mainly consists of three types of activities – Basic Research, Applied Research, and Experimental Development with new technology in India.

India’s achievements in the field of research and development of new technology in India

  • According to the Indian Science and Research and Development Industry Report 2019, India is among the top-ranked countries in the field of basic research.
  • India also has the world’s third-largest scientific and technical manpower.
  • India is emerging as a practical research destination and in the last few years, we have increased investment in research and development.
  • Various research activities are carried out through research laboratories run by the Council of Scientific and Industrial Research (CSIR).
  • India ranks seventh among the leading countries in science and technology research with new technology in India.
  • India’s share in global R&D spending increased from 3.70% in 2017 to 3.80% in 2018.
  • By making a powerful supercomputer named Pratyush for weather forecasting and monitoring, India has become the fourth major country in the region after Japan, Britain, and America.
  • India ranks third worldwide in research on nanotechnology.
  • We are ranked 57 in the Global Innovation Index.
  • India is reaching a state of brain gain from brain drain and Indian scientists working abroad are returning home.
  • India is fast emerging as a global R&D hub. The number of multi-national corporation research and development centers in the country was 721 in 2010 and now it has reached 1150 in 2018 as per the latest figures.