Economic Growth

Should countries have a 'minister of future'?

A worker watches from a balcony in the atrium of 1 Angel Square, the new headquarters of the Co-operative group in Manchester, northern England November 14, 2013. The company's new head office has been declared the most environmentally-friendly building in the world according to the British research establishment environmental assessment method.  REUTERS/Phil Noble (BRITAIN - Tags: ENVIRONMENT BUSINESS REAL ESTATE) - RTX15DIL

A worker watches from a balcony. Image: REUTERS/Phil Noble

Vinayak Dalmia
Investor, Amber

At this year’s World Economic Forum at Davos, Marc Benioff, founder and CEO of American cloud computing firm, SalesForce, argued that every country should have a minister of future.

“As a society,” Benioff said, “we are entering uncharted territory, a new world in which governments, business leaders, the scientific community and citizens need to work together to define the paths that direct these technologies at improving the human condition and minimising the risks.”

To help prepare, Sweden already has a minister of future issues, strategy and cooperation, with a mandate to think about the very long term, and the Scandinavian nation’s place in that future. Korea isn’t far behind either, with its ministry of science, ICT and future planning.Many other countries have similar bodies.

With the world’s eyes firmly set on India, how are we as a country preparing for the future?

If the current political and governance structure is anything to go by, then we are only preparing for the immediate future, not the long term. What connects the past, the present and the future is technology, its evolution and its impact.

Unlike the previous technology waves, this one is here to stay. Devices are getting cheaper even as their computing capacities expand. Coupled with cheap internet access, this is proving to be transformative, and not merely evolutionary. This realisation is taking centrestage in nations such as India as they embark on an accelerated development path. For example, it is predicted that in the next 15 years, India will have more people coming online than any other nation.

Many developing technologies may look experimental now, but their widespread use and deployment is only a matter of time. Let’s examine a few:

  • Artificial intelligence is making humans and industries more efficient and productive. Combine this with robotics and you have a potential blockbuster. This impacts the future of our farms, factory floors and even our armies. In a labour- intensive country like India, the impact of such transformation will be far-reaching.
  • On the roads of Silicon Valley, a moving car without a driver isn’t an oddity anymore. While Google is leading the pack, Uber, Tesla, Apple, GM and many other companies too are testing their own-self-driving automobiles.The sharing economy has benefitted many drivers in India, but what will happen when we will not need drivers anymore?
  • Drones aren’t just for aerial shots at expensive wedding functions. They are being tested for e-commerce delivery, even as their military use becomes more pervasive. They pose serious questions of security, trespassing and privacy.In the US, the Federal Aviation Administration is grappling with how best to regulate and monitor the civilian usage of drones. India, too, needs to start taking unmanned flying objects seriously and begin crafting a drone policy. The recent incident between Mumbai Police and Housing.com is indicative of the coming times.
  • Life sciences and biotechnology are witnessing rapid innovation. Google-owned Calico, for instance, is looking to solve the problem of ageing to increase lifespans. India is a young nation now, but are we prepared to be an ageing nation a few decades from now? Not only will India eventually grow old, Calico and others may further stretch the average lifespan, putting tremendous pressure on the existing economic system and social arrangements.

The social, economic, cultural and demographic impact of these technological advances also need equal attention. So far, the approach has been short-sighted, confronting only current problems, with no particular lookout for the future.

To remain relevant in the global order, we need to build our military industrial complex since that’s the epicentre of any innovation ecosystem. The US government, via the military and DARPA (Defense Advanced Research Projects Agency) under the department of defense, was responsible for developing many of the fundamental technologies we commonly use today: the internet, the technology behind Apple’s Siri, and the GPS, to cite a few.

India’s equivalent, the Defence Research and Development Organisation (DRDO), the primary R&D wing of our army, is yet to see any of its projects become mainstream commercial products. Merely increasing the research and development (R&D) budget of DRDO will not suffice.

Most breakthrough technologies are imported into India. Thus the culture of innovation itself is stunted. Notwithstanding the unicorn status, many successful Indian startups are me-too clones of their western counterparts.

The ecosystem and regulation are both nascent, leaving genuine Indian innovators struggling. Many of them are successful because they moved out of India.

The Narendra Modi government leveraged modern technologies to get elected. It also recognised the power of the new economy to create jobs and spread prosperity. Already, the Modi administration has rolled out some promising schemes—Make In India, Digital India, Skill India and Startup India. These, if successfully implemented, can make India a global innovation hub.

However, they address only current problems.

For instance, India does not have fully evolved policies around crowdfunding, bitcoins or online pharmacies. Yet, these business models (the online sale of medicines) or underlying technologies (blockchain, in the case of bitcoin) are proliferating rapidly.

In a hyper-competitive world, no nation can afford to play ostrich, ban new concepts or look away.

So, what can India do?

For one, this government should consider setting up a “future ministry” or a “future unit”, with three broad aims:

  • Plan for threats and opportunities involving new technologies
  • Plan for social changes that will arise due to these technological developments
  • Build India’s innovation ecosystem

This can be achieved by either setting up a new body or incorporating this into an existing one. The NITI Aayog can take centre stage, but the prime minister’s office needs to play an important role.

Modi is technology-savvy and perhaps understands the need for this, but without building consensus with multiple stakeholders, an idea like this will never fly.

Such an initiative needs to involve multiple disciplines (technology, law, economics, etc.) and stakeholders (from within the government and outside, from within India and elsewhere). It needs to create a bridge across various ministries who often end up working in silos.

The world is at the tipping point of the fourth industrial revolution. Now is the time to think about future-proofing India.

Don't miss any update on this topic

Create a free account and access your personalized content collection with our latest publications and analyses.

Sign up for free

License and Republishing

World Economic Forum articles may be republished in accordance with the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International Public License, and in accordance with our Terms of Use.

The views expressed in this article are those of the author alone and not the World Economic Forum.

Stay up to date:

Fourth Industrial Revolution

Related topics:
Economic GrowthFourth Industrial Revolution
Share:
The Big Picture
Explore and monitor how Fourth Industrial Revolution is affecting economies, industries and global issues
A hand holding a looking glass by a lake
Crowdsource Innovation
Get involved with our crowdsourced digital platform to deliver impact at scale
World Economic Forum logo
Global Agenda

The Agenda Weekly

A weekly update of the most important issues driving the global agenda

Subscribe today

You can unsubscribe at any time using the link in our emails. For more details, review our privacy policy.

5 ways to go green: How countries can prioritize both equity and climate action

Harsh Vijay Singh and Attilio Di Battista

November 15, 2024

How the Global Alliance for Trade Facilitation helped unlock opportunities for small businesses in Cambodia

About us

Engage with us

  • Sign in
  • Partner with us
  • Become a member
  • Sign up for our press releases
  • Subscribe to our newsletters
  • Contact us

Quick links

Language editions

Privacy Policy & Terms of Service

Sitemap

© 2024 World Economic Forum