<p><a href="https://www.mid-day.com/mumbai/mumbai-news/article/mumbai-local-train-updates-centre-scraps-delayed-238-rake-tender-orders-faster-production-for-2027-23644496" target="_blank" rel="none noopener">Union Minister Ashwini Vaishnaw</a> on Wednesday cautioned that global uncertainty could intensify in the coming years, driven by rapid technological changes, artificial intelligence and financial risks, including high debt levels in developed economies, according to news agencies.&nbsp;</p>
<p>He stated that the eventual reduction of these debt levels could further disrupt the global economy.</p>
<p>Vaishnaw, who is Minister for Electronics and IT, Information and Broadcasting and Railways, said India is strengthening its economic and technological resilience to shield its growth from external shocks.</p>
<h2>Turbulence more than what it was in the past decades</h2>
<p>"In my understanding of the way the world is moving today, the turbulence is going to be much more than what it was in the past decades, and the turbulence will come both from technology as well as from the way the financial world is moving, the whole debt levels in the rich countries that is going to unfold today or tomorrow, maybe in 3-5 years," he said at the Bloomberg New Economy Forum 2026.</p>
<p>He said when that happens it will bring in much bigger turbulence, adding, "By that time, AI would have brought in many other <a href="https://www.mid-day.com/business/business-news/article/global-tech-sector-records-over-163-lakh-layoffs-this-year-over-40-per-cent-due-to-ai-23643787" target="_blank" rel="none noopener">disruptions in the employment sector</a>, in the way people, especially the services industries, work, and the debt levels getting unraveled."</p>
<p>The risks from these could make the coming years extremely challenging, he said.</p>
<p>"The biggest issue that we all have to be prepared for is the turbulence, which is coming in the next few years," the Union Minister said.</p>
<h2>India aims to reduce critical technology dependencies</h2>
<p>Vaishnaw further said India is planning to reduce critical technology dependencies over a 20-25 year to strengthen the resilience as global trade uncertainties and geopolitical conflicts could impact the production and economy.</p>
<p>The Union Minister said India was setting short-term targets for three to five years, medium-term targets for five to 15 years besides the long-term goal spanning 20 to 25 years.&nbsp;</p>
<p>He said India was identifying areas where dependence on other countries could compromise the <a href="https://www.mid-day.com/business/business-news/article/indian-economy-shows-resilience-amid-global-uncertainties-rbi-bulletin-23646722" target="_blank" rel="none noopener">economic resilience</a>.&nbsp;</p>
<p>"Things change, politics change, geopolitics play a big role, so we have to constantly calibrate our approach, and we in India are thinking at least 20 years ahead," he said.</p>
<h2>Trusted partner than being self-sufficient</h2>
<p>He emphasised that India aims to become a trusted partner across global technology supply chains rather than pursue complete self-sufficiency. He pointed out that technology will remain a highly globalised field, and that global value chains will be multi-border, multi-country, and multi-geography, reflecting the nature of the industry itself.</p>
<p>"When we look at tech sovereignty, we have to look at it in a very mature and very complex way. We are thinking more about strategic dependencies and resilience. Which are the products and segments in which we must have manufacturing, design and complete product development capabilities within our country? Which are the parts of the value chain where we can depend on other countries? Technology is always a global value chain," he said.</p>
<p>"In whichever segment we want to play or whichever segment we are entering, we want to be a trusted partner. For example, in the 28-nanometre to 90-nanometre range, the legacy nodes, the production of a million-dollar machine can stop because of a one-dollar chip. So, can we position ourselves as a country that is trusted in design, manufacturing and the complete evaluation of the final product? That is how we look at it," he added.</p>
<h2>Need to build domestic capabilities</h2>
<p>He said that the focus was on building domestic capabilities in strategically important areas while remaining integrated with global value chains.</p>
<p>Vaishnaw noted India's dependence on critical materials remains one of the biggest vulnerabilities and said there is a need to develop the <a href="https://www.mid-day.com/business/business-news/article/india-well-placed-to-develop-its-semiconductor-manufacturing-capabilities-n-chandrasekaran-23654826" target="_blank" rel="none noopener">full semiconductor ecosystem</a>, including materials, chemicals, gases and substrate materials, alongside chip design and manufacturing.</p>
<p><em><strong>(With input from agencies)</strong></em></p>

India aims to reduce critical technology dependencies over a 20-25 year to strengthen the resilience

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India is planning to reduce critical technology dependencies over a 20-25 year to strengthen the resilience as global trade uncertainties and geopolitical conflicts could impact the production and economy

Ashwini Vaishnaw says global uncertainty could intensify in the coming years

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