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Digital India drives country towards 5 trillion economy

Union Minister of State for Skill Development & Entrepreneurship and Electronics & IT Rajeev Chandrasekhar highlighted India’s remarkable success in leveraging technology to transform the lives of its citizens.

He emphasized the significant milestones accomplished through the Digital India initiative over the past nine years, which have played a pivotal role in propelling the country towards its ambitious goal of becoming a five trillion US dollar economy by 2026.

The Minister recalled that in 2015, Prime Minister Narendra Modi envisioned Digital India with three core objectives: to enhance citizens’ lives through technology, improve governance and democracy, and foster an ecosystem for innovation and growth. Since then, India has actively taken charge of creating cutting-edge technologies rather than merely being a passive consumer.

Through this transformative journey, India has emerged as a leading player in the tech arena, empowering its citizens and driving progress across various sectors. The Minister’s address showcased India as a shining example of harnessing the potential of technology for national development and prosperity.

Rajeev Chandrasekhar also highlighted how digitisation of government services has facilitated the formalisation of informal sectors who now use digital payments and micro-credit. These services which are part of the India stack are now being offered to countries who are keen on digitising Governance.

“The digitisation of government services has facilitated the formalisation of informal sectors, like street vendors, who now use digital payments and micro-credit. The transformation brought about by the India stack, including initiatives like UPI and Aadhaar, has not only improved governance but also created a vibrant innovation ecosystem. India’s success in deploying technology to transform lives has drawn interest from other countries looking to digitise their economies and governance. The India stack, with its innovative ecosystem, is being offered as a partnership to these countries,” the Minister further added.

The Minister, during his interaction with executives from World Bank, spoke about how the Government was revived from dysfunctional Governance that prevented distribution of resources to people living in remote areas.

“For many years, the narrative about India, despite being a tech country with talented people, revolved around the issue of dysfunctional governance that failed to reach the people. This described the challenges India faced in governance. However, in 2015, when Digital India was launched, an architecture and framework for technology’s expectations and outcomes were introduced and understood. This has significantly boosted the confidence of a whole new generation of young Indians,” the Minister explained.

CT Bureau

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