Public Sector Undertakings (PSUs) are embracing emerging technologies to drive innovation and transformation within the country. Tech-adoption is seen as an investment in keeping the country competitive in an ever-evolving global economy. Reliance on progressive technologies such as blockchain, artificial intelligence, robotics, augmented reality, and machine learning has helped drive sustained growth within the public sector.
The Indian Government and the public sector ecosystem in India demonstrated tremendous agility and resilience during the pandemic. Technology helped maintain business continuity, and at the same time played a central role in enabling critical public services at scale. In line with the Digital India vision, PSUs in the country have tremendous opportunity to transform with technology, creating billion dollar opportunity for scaling into economic, social and financial inclusion. VARINDIA regularly brings the story on how the CPSUs (Central Public Sector Undertakings) are working strongly towards Digitization.
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Secondly, the Atmanirbhar Bharat initiative, aimed at making India self-reliant and reducing dependency on imports, has played a significant role in shaping the recent performance of the Indian economy. Through policies such as the Production-Linked Incentive (PLI) scheme, the government has incentivized domestic manufacturing, attracted investments and promoting job creation across various sectors.
Central Public Sector Undertakings (CPSUs) are playing a major role in the growth of the Indian economy by taking the approach of ‘Digital First’ to relook their business reengineering, process simplification, and workflow optimisation in sync with the advanced technological intervention. They contribute significantly to the country's GDP and also play a key role in providing essential goods and services to the Indian people.