new delhi indias digital prowess will grow in 2023 and over the next five years driven by technology start ups semiconductors electronics and computing it minister rajeev chandrasekhar has said allaying any concerns over tech winter and predicting spring for the countrys booming innovation ecosystemthe comments by the it minister are significant given the backdrop of slowdown headwinds in the west recent spate of layoffs by us tech giants global market turmoil and talks of tech winterchandrasekhar who is the minister of state for electronics and it told pti that global and domestic opportunities for digitisation continue to be very stronghe exuded confidence that indias trillion dollar digital economy vision is well within our grasp and an absolutely incontrovertible factthe momentum of digital economy will continue in 2023 backed by enabling rules and laws that offer catalysing framework for technological growth and innovation he promisedit is pertinent to mention here that while india has tightened it rules for safety of digital and social media users and work has started on new law for data protection the norms for online gaming and contours of the draft digital india act are expected to be out soonwe see no winterif anything it is summer and spring for the next five years chandrasekhar asserted citing the tech potentialdemand for indian talent as well as products and technology that are designed in india and made in india continues to be robust he pointed outindia as a market for consuming digital products and digital services is one of the biggest markets for the next 510 years so all these factors point to india continuing its digital economy expansion to reach one trillion dollars in the next 45 years chandrasekhar saidaccording to the minister innovation and the start up momentum will continue despite certain corrections now and thenat the same time companies cannot merely sit and relax but will have to upskill and brace new business models to be relevant amid market disruptions the minister notedcompanies that do not innovate with agility or adjust to changes will face challenges created not by the market but related to their own preparedness for this digital opportunity he cautionedthat trillion dollar digital economy is well within our grasp and that we have a very reasonably high opportunity to reach the trillion dollar digital economy firing on all cylinders is an absolutely incontrovertible fact chandrasekhar saidsince 2014 when indias digital might meant only it and it enabled services the country had taken rapid strides diversifying and expanding into new areasnow while it and ites sector continues to grow at 1520 per cent per annum there is also worldclass startup and innovation ecosystem while india has made a mark in electronics manufacturing emerging as a production powerhouse the year 2023 will also see rapid strides in deeptech innovation semiconductor design electronics design blockchain supercomputing open compute initiative automotive 5g and other emerging areasin the coming five years all these will continue to chug along at high rates of growth chandrasekhar said adding