The Indian government has allocated Rs 1 lakh crore for R&D in sunrise technologies in the upcoming financial year 2024-25. In response, experts from the industry have expressed the need for increased investment in cybersecurity to protect against the rising number of cyber attacks faced by the country.
Shashank Shekhar, Co-Founder of Future Crime Research Foundation (FCRF), emphasized the importance of cybersecurity as a form of insurance for digital economies. He urged the government to focus on developing Indian champions in the cybersecurity space to achieve the vision of a technologically advanced India by 2047.
Ruchin Kumar, Vice President of Futurex, highlighted the necessity for funding cybersecurity training programs and collaborations with educational institutions to address the workforce skill gap. He also stressed the need for protecting critical infrastructure from cyber threats through regular security audits and vulnerability assessments.
Sanket Sarkar, Founder of Zeron, applauded the government’s efforts in strengthening digital defenses and expressed optimism for further enhancements in the upcoming budget. He emphasized the importance of prioritizing cyber resilience and innovation for economic growth and positioning India as a global cybersecurity leader.