How Much is India’s ‘Digital Economy’ Worth? In a First, Modi Govt to Measure in Next 9 Months
1 year, 5 months ago

How Much is India’s ‘Digital Economy’ Worth? In a First, Modi Govt to Measure in Next 9 Months

News 18  

The Narendra Modi-led central government, for the first time, will measure the size of India’s ‘digital economy’. The government has put prime focus on ‘digitalisation’ but the measurement of the ‘digital economy’ has not been institutionalised in India. According to senior officials, an exercise will be conducted over the next nine months involving “estimation and measurement of India’s digital economy”, including formulation of measurement framework, capturing data and identifying digital interventions. The government believes that the ‘Digital India’ programme has put India on a digital roadmap and achieved inclusion and empowerment of citizens, expansion of the digital economy, jobs, entrepreneurship and investments.

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History of this topic

The digital frontier of inequality
1 week, 1 day ago

The digital frontier of inequality

The Hindu  

India stands at a pivotal moment in its digital revolution, underpinned by an internationally recognised model of digital public infrastructure. In response, the Union Ministry of Women and Child Development, Government of India, recently launched ‘Ab Koi Bahana Nahi ’, a national campaign aligned with the global ‘16 Days of Activism Against Gender-Based Violence’. Already constrained by societal norms, many …

India’s digital public infrastructure: A catalyst for innovation and competition
1 month ago

India’s digital public infrastructure: A catalyst for innovation and competition

Live Mint  

Some scholars and practitioners have argued that digital public infrastructure could lead to monopolization and stifle private innovation by creating large government-controlled platforms that overshadow private players. In India, DPI initiatives like UPI and Aadhaar are examples of the state taking a lead in technological development, enabling private-sector growth and innovation. This is precisely what DPI is designed to do—broaden …

Digital Infrastructure: The Secret Weapon for India's Economic Ascent
2 months ago

Digital Infrastructure: The Secret Weapon for India's Economic Ascent

The Hindu  

Finance Minister Nirmala Sitharaman emphasizes the crucial role of digital infrastructure in propelling India's economic growth. She highlights the widespread adoption of digital infrastructure by the Indian people, which has facilitated access to essential services and empowered millions to benefit from various opportunities. The Minister emphasizes the transformative impact of the Digital Public Infrastructure (DPI), which has democratized access to …

Transforming India's Economy: The Power of Digital Public Infrastructure
2 months ago

Transforming India's Economy: The Power of Digital Public Infrastructure

Live Mint  

The article highlights the importance of digitalization in transforming India's economy. It emphasizes the role of open platforms and collaboration between the public and private sectors in building a robust digital infrastructure. The government's initiatives, such as the Unified Payments Interface (UPI) and the Open Network for Digital Commerce (ONDC), demonstrate the government's commitment to fostering a digital economy.

Thank digital tools for small businesses going formal on their own
3 months, 1 week ago

Thank digital tools for small businesses going formal on their own

Live Mint  

Despite all that has been said about the success of India’s digital transformation, questions are still being asked as to whether the digital public infrastructure we are so proud of actually reaches those who really need it. Doubts have still been expressed over whether these accounts are actually being used by those who need them or whether the exponential growth …

Lead in digital sector — how cool is that for China!
4 months, 2 weeks ago

Lead in digital sector — how cool is that for China!

China Daily  

The milk is packaged automatically. As the economy is transitioning from a phase of rapid growth to a new phase of high-quality development, the country is shifting its focus to emerging industries, creating new business models and fostering new growth drivers in a bid to promote the development of productive forces featuring high technology, high performance and high quality. China …

Lead in digital sector — how cool is that for China!
4 months, 2 weeks ago

Lead in digital sector — how cool is that for China!

China Daily  

By Ouyang Shijia | China Daily | Updated: 2024-08-05 09:15 The milk is packaged automatically. As the economy is transitioning from a phase of rapid growth to a new phase of high-quality development, the country is shifting its focus to emerging industries, creating new business models and fostering new growth drivers in a bid to promote the development of productive …

Digital economy poised to be 20% of GDP by 2026: RBI report
4 months, 3 weeks ago

Digital economy poised to be 20% of GDP by 2026: RBI report

New Indian Express  

MUMBAI: The sweeping digitisation of the financial markets and payments system will drive the country’s digital economy, which currently accounts for a tenth of the GDP, and constitute a fifth or 20 percent of the GDP by 2026 says a report prepared by the Reserve Bank. Although internet penetration was at 55 percent in 2023, the internet user base has …

Country to help digital economy to thrive
5 months, 2 weeks ago

Country to help digital economy to thrive

China Daily  

A visitor tries out a 3D camera during the Global Digital Economy Conference 2024 in Beijing, July 2, 2024. China will employ a raft of well-focused policy steps to foster a more enabling climate for the development of the digital economy, the State Council, the country's Cabinet, said on Friday. China's total data output reached 32.85 zettabytes in 2023, up …

A self-harming stance on digital trade tariffs
7 months, 2 weeks ago

A self-harming stance on digital trade tariffs

Hindustan Times  

India was at loggerheads with the developed nations and China at the World Trade Organization’s 13th Ministerial Conference in Abu Dhabi earlier this year. India’s resistance to extending the moratorium on tariffs for digital trade was one point of divergence. At MC-13, India’s posture was at odds with digital trade stalwarts like the US and the European Union member states. …

Exploring value of data to boost sustainable development
8 months, 1 week ago

Exploring value of data to boost sustainable development

China Daily  

China is exploring the value of data as a factor of production to boost sustainable development. BEIJING - China is exploring the value of data as a factor of production to boost sustainable development, at a time when the emerging digital economy is creating new growth momentum through forging new production supply and consumer demand. Its scale of computing power …

Exploring value of data to boost sustainable development
8 months, 1 week ago

Exploring value of data to boost sustainable development

China Daily  

Xinhua | Updated: 2024-04-11 17:22 China is exploring the value of data as a factor of production to boost sustainable development. BEIJING - China is exploring the value of data as a factor of production to boost sustainable development, at a time when the emerging digital economy is creating new growth momentum through forging new production supply and consumer demand. …

Digital economy leaves imprint despite turbulence
9 months ago

Digital economy leaves imprint despite turbulence

China Daily  

A worker checks on seedlings at a digitalized plantation base in Chongqing on March 14. China, the experts said, offers a glimpse by placing the development of a digital economy at the top of the agenda and launching various measures to bridge the digital divide. In December, the National Development and Reform Commission and the National Data Administration jointly launched …

India to be third top economy in few years, says Nirmala Sitharaman
9 months, 1 week ago

India to be third top economy in few years, says Nirmala Sitharaman

The Hindu  

Union Finance Minister Nirmala Sitharaman on March 16 said India needs economic freedom to achieve developed nation status by 2047 and assured that the country would move to the third spot in the world economy from the current fifth position in the near future. ‘We should attain economic freedom’ Observing that India was a rich country about 400 years ago, …

Setting the rules in disputes over apps
9 months, 2 weeks ago

Setting the rules in disputes over apps

Hindustan Times  

Last week, Google delisted the apps of 10 Indian businesses from its proprietary app store. This incident, which saw some apps relisted after mediated discussions, highlights the need for a thoughtful resolution of business disputes in the digital economy, increasingly contested on the notion of “fairness”. The margins-led fight between apps and their distributors has many analogues, such as telecom …

Pandemic to Prosperity: Finance Ministry's Report Says India's Digital Infra Empowers Citizens, Fuels Growth
10 months, 3 weeks ago

Pandemic to Prosperity: Finance Ministry's Report Says India's Digital Infra Empowers Citizens, Fuels Growth

News 18  

The Ministry of Finance’s recently released report, ‘The Indian Economy – A Review’, has lauded India’s digital transformation, highlighting the success of the Digital Public Infrastructure and its significant role in delivering services with a citizen-centric focus. The report noted that as the pandemic disrupted economic activities, the government responded swiftly, leveraging the strength of digital public infrastructure, commonly known …

Digital economy to contribute 20% of India’s GDP by 2026: Union Minister Rajeev Chandrasekhar
1 year ago

Digital economy to contribute 20% of India’s GDP by 2026: Union Minister Rajeev Chandrasekhar

India TV News  

Gandhinagar: Union minister Rajeev Chandrasekhar on Thursday said that the digital economy will contribute 20 per cent of India's gross domestic product by 2026. Rajeev Chandrasekhar on digital economy "In 2014, the digital economy was around 4.5 per cent of the GDP and today it is 11 per cent. India has now become fastest-growing digital economy The Union Minister asserted …

Fiscal policies to help digital economy grow
1 year, 1 month ago

Fiscal policies to help digital economy grow

China Daily  

The Implementation Plan for Accelerating the High-quality Development of the Digital Economy in Qingdao was recently released, highlighting emerging areas such as digital industrialization and data elements to advance the digital economy. The plan proposes 22 fiscal support policies, with the goal of increasing the added value of the city's core digital economy industry by an average of 13 percent …

Women accelerating India's digital transformation as IT player employs more female than male
1 year, 1 month ago

Women accelerating India's digital transformation as IT player employs more female than male

India TV News  

The impact of the pandemic on the acceleration of digital transformation is visible. As the government continues its work to create a modern digital infrastructure to ensure benefits of the digital revolution reach everyone, it had August this year approved the extension of the Digital India programme with an outlay of Rs 14,903 crore to boost digital initiatives. Recently, Mumbai-based …

India on the cusp of ‘an epochal leap’ in ICT sector, says KPMG report
1 year, 1 month ago

India on the cusp of ‘an epochal leap’ in ICT sector, says KPMG report

The Hindu  

Three technologies, 5G/6G, Satellite Communication and Semiconductors, collectively will add $240 billion to the Indian economy in the next five years and add 1.6% to India’s GDP by FY28, estimates KPMG in a report titled Expanding Tech Horizons: Unlocking India’s Digital Potential released at the India Mobile Congress 2023 on Friday. The report projects an ambitious and positive outlook for …

How the Digital India Act will shape the future of the country’s cyber landscape
1 year, 2 months ago

How the Digital India Act will shape the future of the country’s cyber landscape

The Hindu  

October 09, 2023 08:30 am | Updated 08:30 am IST Nations worldwide are grappling with the need to update their legal frameworks to adapt to the evolving digital landscape. The recent announcement of the Digital India Act 2023 represents a significant step towards establishing a future-ready legal framework for the country’s burgeoning digital ecosystem. The primary motivation behind the DIA …

World Bank Praises India's Digital Public Infrastructures
1 year, 3 months ago

World Bank Praises India's Digital Public Infrastructures

Deccan Chronicle  

New Delhi: Lauding India’s Digital Public Infrastructures approach, the World Bank has stated that India has achieved in just six years under the Narendra Modi-led government what would have otherwise taken about five decades. "In just six years, India has catapulted its financial inclusion rate from 25 per cent in 2008 to over 80 per cent of adults, according to …

G20: ‘India has done in 6 years what would take 50’: World Bank lauds India’s digital public infrastructure
1 year, 3 months ago

G20: ‘India has done in 6 years what would take 50’: World Bank lauds India’s digital public infrastructure

Firstpost  

India has developed some of the finest digital public goods infrastructure which could change lives the world over. Lauding India’s Digital Public Infrastructure, the World Bank has said that what the country has achieved in just six years would have otherwise taken about five decades. Highlighted the key measures taken by the Modi government in shaping the Digital Public Infrastructure …

World Bank lauds India's digital infra impact: 'Five-decade journey in 6 years'
1 year, 3 months ago

World Bank lauds India's digital infra impact: 'Five-decade journey in 6 years'

Hindustan Times  

The World Bank has lauded the transformative impact of Digital Public Infrastructures in India in the past decade under the Narendra Modi-led government. The document, prepared by the World Bank as part of the G20 Global Partnership for Financial Inclusion, highlighted the measures taken by the Modi government and the pivotal role of government policy and regulation in shaping the …

‘Digital India Experience Zone’: G20 Summit Spotlight on UPI, Aadhaar, Bhashini & New Feature ‘Ask GITA’
1 year, 3 months ago

‘Digital India Experience Zone’: G20 Summit Spotlight on UPI, Aadhaar, Bhashini & New Feature ‘Ask GITA’

News 18  

The ‘Digital India Experience Zone’ at the upcoming G20 Leaders Summit in New Delhi, will be a standout attraction showcasing India’s ‘digital’ journey since 2014. “The seven DPI components will be showcased in the ‘Experience Zone’ along India’s digital journey wall, in front of which there will be a cycle. The visitors can converse with the platform to seek information …

From Orientalism to Digital Leadership - News18
1 year, 3 months ago

From Orientalism to Digital Leadership - News18

News 18  

For centuries, Western perception of countries like India has been coloured by orientalist narratives, an idea embedded deep within the philosophical works of thinkers like Edward Said in Orientalism. The world watched in amazement as Germany’s Federal Minister for Digital and Transport, Volker Wissing, used India’s Unified Payments Interface to pay a vegetable vendor, illustrating India’s prowess in digital public …

India ranks first in digital payments made globally: Report
1 year, 4 months ago

India ranks first in digital payments made globally: Report

Deccan Chronicle  

Hyderabad: Online banking and the shift to a cashless society started approximately three decades ago in India. This year, 91 billion digital payment transactions have been recorded and today India ranks first in the number of digital payments made globally. Backbase on Wednesday released the IDC Infobrief titled ‘Accelerating customer-centric transformation by balancing build and buy - A collaborative approach …

PM Modi urges G20 nations to push for secure digital future
1 year, 4 months ago

PM Modi urges G20 nations to push for secure digital future

Hindustan Times  

Prime Minister Narendra Modi urged G20 countries on Saturday to focus on technology that can “lay the foundations for an inclusive, prosperous and secure” global digital future, as he addressed a ministerial gathering on digital economy in Bengaluru. Prime Minister Narendra Modi addresses the G20 Digital Economy Ministers' meeting in Bengaluru. Union minister for electronics and information technology, Ashwini Vaishnaw, …

No better place than Bengaluru to discuss digital economy: Modi addresses G20 Meet
1 year, 4 months ago

No better place than Bengaluru to discuss digital economy: Modi addresses G20 Meet

Deccan Chronicle  

Bengaluru: In an address at the G20 Digital Economy Ministerial Meet being held in Karnataka's Bengaluru on Friday, Prime Minister Narendra Modi highlighted India's digital transformation and its commitment to inclusive digital development. PM Modi extended a warm welcome to the attendees, emphasizing Bengaluru's status as a hub for science, technology, and entrepreneurship, and said, "There is no better place …

Tracking India's digital progress: The need for measuring digital skills
1 year, 4 months ago

Tracking India's digital progress: The need for measuring digital skills

Deccan Chronicle  

Digitalisation has been a big part of the national agenda in the last decade. In a post-pandemic world, SDG 4.4.1 — about youths’ digital literacy skills — has emerged as a key competency goal, which might also dictate future opportunities available to youth. This document encourages the development of a uniform definition of digital literacy for G20 member nations, including …

Rs 14,900-cr Push to Digital India Project
1 year, 4 months ago

Rs 14,900-cr Push to Digital India Project

Deccan Chronicle  

New Delhi: The government has approved an extension of the Digital India project, valued at over Rs 14,900 crore, spanning five years from 2021-2022 onwards. This development arrives amidst a context where the Digital India Programme faced a reduction in the budget estimate for the ongoing fiscal year in comparison to the revised estimate of the previous year. Whereas the …

Union Cabinet approves ₹14,903 cr for expansion of Digital India programme
1 year, 4 months ago

Union Cabinet approves ₹14,903 cr for expansion of Digital India programme

Hindustan Times  

The Union Cabinet chaired by Prime Minister Narendra Modi on Wednesday approved the expansion of the Digital India programme with an outlay of ₹14,903 crore. Union electronics and information technology minister Ashwini Vaishnaw said that it will boost the digital economy of India, drive digital access to services and support the country’s IT and electronics ecosystem. The minister said that …

Government to hire agency to estimate size of digital economy
1 year, 5 months ago

Government to hire agency to estimate size of digital economy

Deccan Chronicle  

New Delhi: The government is planning to hire an agency to measure the actual size of the digital economy which is estimated to be around USD 1 trillion by 2025, according to an official document. "The RFP aims to invite proposal in the area of estimation and measurement of India's digital economy including formulation of measurement framework, capturing data and …

Technology was a major focus of PM Modi’s U.S. visit, yet why are U.S tech firms sceptical about digital trade with India?
1 year, 5 months ago

Technology was a major focus of PM Modi’s U.S. visit, yet why are U.S tech firms sceptical about digital trade with India?

The Hindu  

The story so far: During Prime Minister Narendra Modi’s U.S. state visit, cooperation on technology emerged as a prominent talking point and yielded some of the most substantive outcomes, according to Foreign Secretary Vinay Kwatra. However, digital trade is also the area where some of the biggest U.S. tech companies have recently flagged multiple policy hurdles, including “India’s patently protectionist …

India likely to offer digital infra to several countries
1 year, 6 months ago

India likely to offer digital infra to several countries

Live Mint  

India is in talks with a number of developing countries to extend its digital public infrastructure partnerships, according to persons aware of the matter. According to the persons cited above, India is now in talks with several countries in the global South, including in Latin America, Africa and Southeast Asia, to extend these DPI partnerships. Digital public infrastructure has become …

Bridging the digital divide in India's education landscape demands a multi-faceted approach
1 year, 6 months ago

Bridging the digital divide in India's education landscape demands a multi-faceted approach

India Today  

While digital learning platforms are hailed as the future of education delivery in India, a considerable chunk of our population still lacks the necessary resources including devices, infrastructure, and digital literacy to reap the benefits of digital education. BRIDGING THE DIGITAL DIVIDE FOR A MULTI-FACETED APPROACH "According to a survey indicated that over 85 percent of households across India had …

India is now a digital economy: Union Minister
1 year, 6 months ago

India is now a digital economy: Union Minister

Deccan Chronicle  

KAKINADA: Union Minister of state for external affairs V. Muraleedharan underlined that during the past nine years, Prime Minister Narendra Modi has transformed India into a digital economy. Interacting with intellectuals at Rajamahendravaram on Sunday to mark completion of Modi’s nine-year rule, he provided details of development and efficient governance in the country. Speaking on the occasion, ex-serviceman Jasti Murthy …

India tops in digital payments, records 89.5 mn transactions, says MyGovInd
1 year, 6 months ago

India tops in digital payments, records 89.5 mn transactions, says MyGovInd

Live Mint  

India global rankings in digital payments for the year 2022, according to data from MyGovIndia. As per the data, India in the year 2022 accounting for 46 per cent of the global real-time payments, adding that the digital payment transactions in India is more than the other four leading countries combined. In digital payments, India has been witnessing new milestones, …

India tops world ranking in digital payments in 2022, leaves behind THESE countries including China
1 year, 6 months ago

India tops world ranking in digital payments in 2022, leaves behind THESE countries including China

India TV News  

Digital India: A latest data from MyGovIndia suggested that India has topped the list of five countries in digital payments, with 89.5 million digital transactions in the year 2022. As per the data, India in the year 2022 accounted for 46 per cent of the global real-time payments, adding that the digital payment transactions in India are more than the …

Internet economy to become 12–13% of GDP by 2030: Report
1 year, 6 months ago

Internet economy to become 12–13% of GDP by 2030: Report

The Hindu  

India’s internet economy — B2C e-commerce firms, online service providers, ed-tech companies, and so on — will hit $1 trillion in value by 2030, up from $175 billion in 2022, a report by Google, Bain & Company and Temasek estimated. The key thrust would come from “Tier 2+ locations,” the report said, emphasising smaller towns and rural areas, where the …

Top 10 countries in developing digital economy
1 year, 6 months ago

Top 10 countries in developing digital economy

China Daily  

A 3D exhibition of digital economy at a booth of the Zhongguanchun Forum on May 29, 2023. China has market advantage to develop a digital economy, according to a report on global digital economy. Following the United States, China ranked second in terms of digital market, said the Global Digital Economy Development Index Report 2023 released on May 30. The …

E-commerce surge: India to add 80 million online shoppers by 2025
1 year, 8 months ago

E-commerce surge: India to add 80 million online shoppers by 2025

Live Mint  

New Delhi: India has gained 125 million online shoppers in the past three years, with another 80 million expected to join by 2025, according to a report by marketing data and analytics company Kantar. The increasing online presence is expected to boost e-commerce sales, as 77 million shoppers purchased from social platforms such as Facebook, WhatsApp and social-commerce sites in …

IMF hails India’s digital transformation, asks other countries to learn from it
1 year, 8 months ago

IMF hails India’s digital transformation, asks other countries to learn from it

Live Mint  

India's development of a "world-class digital public infrastructure" serves as a model for other nations undergoing digital transformation, according to a working paper by the International Monetary Fund. The paper, titled 'Stacking up the Benefits Lessons from India's Digital Journey,' credits India's building block approach and focus on supporting innovation for the success of its digital public infrastructure. The paper …

Accelerating development with India’s digital highways
1 year, 8 months ago

Accelerating development with India’s digital highways

Hindustan Times  

With growing consensus around its role as a driver of innovation and inclusion at population scale, Digital Public Infrastructure has found its way into key priorities at the highest levels of policy making in India. While the first phase of creating the core, foundational digital public infrastructure in India - DPI 1.0 - has been a big success, the current …

MeitY mystery: Consultation process for Digital India Bill still opaque
1 year, 9 months ago

MeitY mystery: Consultation process for Digital India Bill still opaque

The Hindu  

Published : Mar 23, 2023 10:45 IST - 7 MINS READ The Union government’s ambitious vision of Digital India and its goals of “Catalysing New India’s Techade” are well known. The Bill will also touch upon the idea of “discretionary moderation of fake news” by social media platforms as well as “content monetisation rules for platform-generated and user-generated content”. “The …

Use Good Elements of Technology to Transform Society: Minister Vaishnaw on AI, and Expanding Indian IT
1 year, 9 months ago

Use Good Elements of Technology to Transform Society: Minister Vaishnaw on AI, and Expanding Indian IT

News 18  

“Today, India is being recognised as the highest AI talent concentration country”, IT minister Ashwini Vaishnaw said at News18 Chaupal on Monday, adding that the country is also at the chairmanship of the Global Partnership on Artificial Intelligence – an initiative to advance human-centric and AI development. He stressed Prime Minister Narendra Modi’s vision of Digital India, which was launched …

Explained | Highlights of the proposed Digital India Act, 2023
1 year, 9 months ago

Explained | Highlights of the proposed Digital India Act, 2023

The Hindu  

The story so far: The Union government formally outlined a proposed version of the Digital India Act, 2023 — the legislative framework expected to replace the Information Technology Act, 2000 — in Bengaluru on Thursday. The Digital India Act will be a four-pronged legislation, out of which a draft Digital Personal Data Protection Bill was put out by the government …

Digital India Act: A Black and White Journey Begins After The Festival Of Colours
1 year, 9 months ago

Digital India Act: A Black and White Journey Begins After The Festival Of Colours

ABP News  

Union Minister for State for Electronics And Information Technology Rajeev Chandrasekhar unveiled and gave an overall glimpse of the proposed basic structure/framework and an overall roadmap of the Digital India Act 2023 on March 9, 2023. While on the one hand, the internet, devices and information technology have empowered the citizens of India, at the same time it has also …

The world can learn from India’s digital public infra experience
1 year, 9 months ago

The world can learn from India’s digital public infra experience

Hindustan Times  

Last week, the Digital Economy Working Group of G20 met for the first time under India’s presidency. We draw from a recent study of three state-level digital ecosystems for the delivery of social protection and observe the following learnings for India to take to a global stage: First, well-defined data privacy and security laws are critical to the success of …

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