Contribution of Engineers in reaching $5trilion Economy

Abstract

Contribution of engineers in creating the nation’s GDP is key to the technology centric activities of all sectors of economy in rapidly changing world economic scenarios. The VUCA world  situations in the recent conditions created by onslaught of pandemic has  made the this aspect more significant.  Indian  economy is no exception to this as economy is growing at a  rapid pace with the policy impetus to the  economic environment as  envisioned by the government. Actualization of the  policies  into the real  world economic scenarios to achieve the targeted results through the engineering skills and technological efforts are entrusted to the engineers of the nation. The opportunities available for contribution by the engineers in the three main sectors of the economy in the  current economic environment is discussed in this paper. Engineering innovation to the existing  practices and technological up gradation potential in the identified sectors are enormous for bringing the Gross Value Addition  in the short period of time ahead. The  present work identifies key drivers for GDP growth, includes critical  analysis  of sector wise financial  investments that  have impact on value addition and introduces scope on  possible technological developmental  strategies further implementation.