National Engineers Day 2024: AI Race, Loans, and Employability

Indian IT spending is expected to grow by 11.1% in 2024 , reaching USD 138.6 billion , up from USD 124.7 billion last year .

The IT and business services market will expected to reach USD 19.93 billion by 2025 .

The World Digital Competitiveness Ranking (WDCR-2023) by the International Institute for Management Development ( IMD ) ranked India 49th out of 64 economies.

India lags behind in modern technology, where it ranked 50th , and 51st in future readiness.

"Interdisciplinary learning is crucial. Engineers must understand not just traditional subjects but also emerging fields like data science, AI , biotechnology, and sustainability, enabling them to tackle complex, cross-disciplinary problems," Dr. Saraf further added. Sabharwal also stressed that curricula must include practical, real-world experience through internships, genuine projects, and collaborations with industry leaders to better prepare students. He added that hands-on experience with real-world AI applications, such as voice-based conversational payments and multilingual virtual assistants, helps students understand how engineering drives creativity in practical solutions..