In India, the electronics sector alone could generate 2.5 to 3 million additional jobs and the BPO sector could generate 8 million jobs in the next two years, stated Minister for Communications, Electronics and Information Technology and Railways, Ashwini Vaishnaw. This could be a significant increase in the level of employment in the country. 

Ashwini Vaishnaw was speaking at the launch of the National Level Start-up Initiative, when he talked about how India is evolving as the technological leader, supported by the nation's talent pool, inventiveness, high level of computer literacy, and commitment to excellence, is foremost among them.

“We have now an ecosystem that gives importance to merit and talent, that can power innovations and disruptions," he said, according to PTI. He further added that such a dispensation never existed before. There is a visible drive to proliferate frontier technologies in areas like telecom, electronics, railways, and other related areas to help India to emerge as a technology leader.

Other than electronics and BPO, the manufacturing sector, which is experiencing an astounding amount of innovations, is next in importance. This is especially true for the mobile phone system, where India has recently turned from being a net importer to a major exporter.

“It’s a marvellous achievement which we are trying to emulate in other segments including railways, chemicals, power and semiconductor," he said, adding that a lot of R&D efforts are currently underway to Fasttrack technological excellence in various segments. This development has been accomplished by connecting tier 2 and tier 3 cities digitally. It led to entrepreneurship fostering in these cities, further increasing the development's bandwidth.