Dr Arvind Virmani, an economist and chairman of the EGROW Foundation, shared an article on tech entrepreneurs and start-ups playing a key role in fulfilling the vision of a developed India where all adults are gainfully employed.
Economists believe fintech and pharma have already been driving innovations amid the Covid-19 pandemic, with a raging second wave which is gradually being curbed through rapid vaccination drives and hyper-localised restrictions.
The pandemic has highlighted the emergence of healthcare, biotech, and pharmaceutical companies as global powerhouses.
For instance, Bharat Biotech and Serum Institute of India (SII) have developed life-saving vaccines such as Covaxin and Covishield for domestic use, and for global supply to low- and middle-income nations.
Meanwhile, fintech firms such as HighRadius, which operates out of the US and India, collects healthcare data across systems to deliver patient records and analysis, ensuring useful patient outcomes.
Experts believe that these emerging areas will serve as important catalysts for economic growth amid India’s pandemic recovery.