Why has technology management emerged as an important area for study and research. Discuss the status of technology management in India.?

Answer 1

Technology management has emerged as a critical area for study and research due to the rapid pace of technological advancements and their profound impact on business competitiveness, innovation, and economic growth. In India, the status of technology management is evolving, with increasing recognition of its importance in enhancing productivity and fostering innovation across sectors. The government and private organizations are investing in technology-driven initiatives, promoting research and development, and creating a skilled workforce to leverage technology effectively. However, challenges such as infrastructure gaps and the need for better integration of technology in traditional industries still persist.