Abstract
World experience tells us that now the economic development is technology driven. The limiting factor for growth and prosperity of a nation is not oil, minerals, land, water but it is the scientific and technological capability of people. This is a bold writing on the wall which the people and its Government have to read. Any neglect is however, likely to be too damaging for generations.Nations like Japan, Germany, U.S.A. by virtue of their technological superiority are found capturing the world market and emerging as epicenters of our interdependent world. The ever emerging technologies are giving shocks to the economies of most of the nations including U.K., U.S.S.R., China and it is no wonder if Indian economy receives it. The tremors are experienced with varying intensity depending upon the level difference, more the level difference bigger it is.There is a invasion by new technology on human civilization which ought to be realised. This invasion is not military, or by force, but it is willful with the hope of bettering life. It is however, creating problems such as high rate of inflation, unemployment, adverse B.O'p. etc. for nations; which are technologically backward. Any attempt to keep a nation isolated is further more damaging. The alternative available is therefore only to master the New technology, which is like a road roller chasing a man in a narrow lane. The man must run faster lest he will be run over.There is a vast ocean of opportunities at national and global levels arising out of emerging technologies. In today's rapidly changing techno-economic environment ability of people, especially engineers to learn and relearn newer technologies has become a determinant factor.The professional status of engineers and rewards to meritorious depend on their learning rate, and those who cannot cope with may have to face problems. The researchers, students and teachers would have to learn at a much faster pace to be able to reap the benefits from technology revolution.This is a world full of opportunities that too of high payoff, which, however, are available to only those who can master the latest technology. Acquisition of technological capability on continuing basis is found from world experience to be the only way to acquire economic and political power. It is therefore argued that the engineers of today have to be more innovative, imaginative, and of world class standards.The faults not so much with the political system, bureaucracy or social system as milch It is With the system responsible for educating people in scientific and technological subjects. The transformation of society to healthy status can be achieved by only upgrading the efforts of Science and Technology education.
