India’s digital infrastructure will revive economy: Nilekani
5 years, 8 months ago

India’s digital infrastructure will revive economy: Nilekani

Live Mint  

Bengaluru: Co-founder and Chairman of Infosys Technologies, Nandan Nilekani, said on Monday that India’s digital infrastructure will play a major role in reviving the economy. He was addressing FICCI members at the National Executive Committee Meeting on ‘Digital India and its Impact on Economy and Industry’ in Bengaluru. According to Nilekani, the country has witnessed dramatic transformation through Aadhaar-based e-KYC and online payments, and India’s digital data architecture will set the tone for business revival. “GSTN is a great example of technology-led co-operative federalism,” he said, adding that radio frequency identification tags linked to bank accounts is another big reform.

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History of this topic

India’s digital public infrastructure: A catalyst for innovation and competition
1 month, 2 weeks 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, 2 weeks 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, 3 weeks 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.

'Indian data should remain in India': Akash Ambani bats for indigenous AI at IMC 2024
2 months, 3 weeks ago

'Indian data should remain in India': Akash Ambani bats for indigenous AI at IMC 2024

Firstpost  

Batting for indigenous research and development, Reliance Jio Infocomm Chairman Akash M Ambani said that India should develop indigenous AI applications and the policy should support the building of data centres domestically Reliance Jio Infocomm Chairman Akash M Ambani has called for the development of indigenous artificial intelligence capabilities. Speaking at the India Mobile Congress 2024 at Bharat Mandapam, New …

Ep7: Is India blazing a trail on green data centres? | The Interface podcast
5 months, 2 weeks ago

Ep7: Is India blazing a trail on green data centres? | The Interface podcast

The Hindu  

Artificial intelligence has sparked an insatiable appetite for computing power and data storage, driving rapid expansion of data centres - the physical backbone of the digital world. Their massive, scalable data centre infrastructures power cloud services and AI applications that are becoming increasingly integral to business operations and daily life. From the pressing need for sustainable energy solutions to the …

Gautam Adani credits governance as ‘single most important catalyst’ for infrastructure growth post 2014
6 months, 3 weeks ago

Gautam Adani credits governance as ‘single most important catalyst’ for infrastructure growth post 2014

Op India  

Adani Group Chairman Gautam Adani on 19th June compared the Indian Economy during the term of the Modi government to an aircraft taking off, while saying that the period before that since 1991 was about building foundations and the runway. He said at the event, “almost every foreign visitor that I meet these days talks about the extraordinary infrastructure growth …

India to be third top economy in few years, says Nirmala Sitharaman
9 months, 3 weeks 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, …

Pandemic to Prosperity: Finance Ministry's Report Says India's Digital Infra Empowers Citizens, Fuels Growth
11 months, 1 week 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 …

Union Finance Minister Sitharaman allays concerns over impact of AI on jobs
1 year ago

Union Finance Minister Sitharaman allays concerns over impact of AI on jobs

The Hindu  

Rejecting concerns that Artificial Intelligence would take away jobs, Union Finance Minister Nirmala Sitharaman on Friday said that it would create a new domain expertise that would facilitate the use of the technology for various purposes. “Many people had doubts, especially those belonging to trade unions, who said computers will replace workers. Replying to a query during an interactive session …

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

Women accelerating India's digital transformation as IT player employs more female than male
1 year, 2 months 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 …

How the Digital India Act will shape the future of the country’s cyber landscape
1 year, 3 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 …

G20: ‘India has done in 6 years what would take 50’: World Bank lauds India’s digital public infrastructure
1 year, 4 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, 4 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 …

From Orientalism to Digital Leadership - News18
1 year, 4 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 …

Modi hails Digital India's solutions
1 year, 4 months ago

Modi hails Digital India's solutions

Deccan Chronicle  

New Delhi: Prime Minister Narendra Modi said on Saturday that India's diversity makes it an ideal testing ground for solutions and added that solutions that succeed in India can easily be replicated worldwide. Speaking at the G20 Digital Economy Ministers' Meet, held in Bengaluru via video message, Modi also highlighted that India's digital public infrastructure offers scalable, secure, and inclusive …

Government to hire agency to estimate size of digital economy
1 year, 6 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 …

How Much is India’s ‘Digital Economy’ Worth? In a First, Modi Govt to Measure in Next 9 Months
1 year, 6 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”, …

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 …

Internet economy to become 12–13% of GDP by 2030: Report
1 year, 7 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 …

IMF report hails India's digital infrastructure as a model for other nations to follow
1 year, 9 months ago

IMF report hails India's digital infrastructure as a model for other nations to follow

India TV News  

The International Monetary Fund, in its working paper, has said that India's creation of a world-class digital public infrastructure serves as an example for other countries going through digital transformation. The report "Stacking Up the Advantages: Lessons from India's Digital Journey " stated that the success of India's digital public infrastructure is attributed to the country's building block strategy and …

IMF hails India’s digital transformation, asks other countries to learn from it
1 year, 9 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 …

IMF commends India's digital journey, says its a lesson for other countries
1 year, 9 months ago

IMF commends India's digital journey, says its a lesson for other countries

Hindustan Times  

India's journey in developing a "world-class digital public infrastructure" highlights the lesson for other countries that are embarking on their own digital transformation, International Monetary Fund has said in a working paper. The working paper 'Stacking up the Benefits Lessons from India's Digital Journey" said that India's stack's development is guided by a foundational building blocks approach, and a focus …

Accelerating development with India’s digital highways
1 year, 9 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 …

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 …

The world can learn from India’s digital public infra experience
1 year, 10 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 …

Digital tech will reach everyone in society: PM Modi
1 year, 10 months ago

Digital tech will reach everyone in society: PM Modi

Deccan Chronicle  

New Delhi: Prime Minister Narendra Modi on Tuesday said that India of the 21st century is constantly empowering its citizens with the use of technology. Addressing a post-budget webinar on "Unleashing the Potential: Ease of Living Using Technology", fifth in a series of 12 post-budget webinars, the Prime Minister said that India is constantly empowering its citizens with the use …

Budget: New DigiLocker and KYC will simplify digital identity requirements
1 year, 11 months ago

Budget: New DigiLocker and KYC will simplify digital identity requirements

Hindustan Times  

New Delhi: In a Budget speech with a wide-ranging focus on technology and tech-driven solutions, finance minister Nirmala Sitharaman pitched for simplification of the know your customer processes for financial services, gave the DigiLocker platform more utility for individuals as well as businesses, and allowed fintech platforms greater flexibility to tap India’s digital infrastructure. “Fintech services in India have been …

India will be big export economy; to benefit from open and connected internet: Sundar Pichai
2 years ago

India will be big export economy; to benefit from open and connected internet: Sundar Pichai

Firstpost  

While speaking at Google for India event, Sundar Pichai said that the company is focussing on startups from India and out of its USD 300 million for the startups, around one-fourth will be invested in entities that are led by women New Delhi: India will be a big export economy and it needs to create a balance between safeguarding citizens …

India will be big export economy; to benefit from open and connected internet: Pichai
2 years ago

India will be big export economy; to benefit from open and connected internet: Pichai

Deccan Chronicle  

NEW DELHI: India will be a big export economy and it needs to create a balance between safeguarding citizens and enabling companies to innovate with its framework, Google CEO Sundar Pichai said on Monday. While speaking at Google for India event, Pichai said that the company is focussing on startups from India and out of its USD 300 million for …

Women, Unemployed, Rural Poor Lagging Due to Digital Divide: Oxfam India Report
2 years, 1 month ago

Women, Unemployed, Rural Poor Lagging Due to Digital Divide: Oxfam India Report

News 18  

The percentage of men owning phones is as high as 61 per cent while only 31 per cent of women-owned phones in 2021, according to a new report, which claimed that India’s growing inequalities based on caste, religion, gender, class, and geographic location are being worryingly replicated in the digital space. Oxfam India’s latest ‘India Inequality Report 2022: Digital Divide’ …

Aadhaar, CoWin, UPI: How India As G20 President Aims To Lead Global Digital Economy
2 years, 1 month ago

Aadhaar, CoWin, UPI: How India As G20 President Aims To Lead Global Digital Economy

ABP News  

Thanks to the exemplary success of 'Digital India', India is ready to demonstrate the power of an inclusive citizen-centric innovation framework to the world, when it takes up the presidency of the powerful G-20 next month, at a time when the rules of a new digital world are being formed. As a trendsetter, India makes the chances of developing a …

Significant Work Done, Draft Digital India Act Framework By Early 2023: MoS IT
2 years, 2 months ago

Significant Work Done, Draft Digital India Act Framework By Early 2023: MoS IT

ABP News  

New Delhi: A significant amount of work has been done on proposed Digital India Act, and the draft legislative framework to support 'India's techade' is expected by early 2023, Minister of State for IT Rajeev Chandrasekhar has said. Asked about the status of Digital India Act, which will replace the IT Act, Chandrasekhar said: "A significant amount of work has …

Significant work done, draft Digital India Act framework by early 2023: MoS IT
2 years, 2 months ago

Significant work done, draft Digital India Act framework by early 2023: MoS IT

The Hindu  

A significant amount of work has been done on proposed Digital India Act, and the draft legislative framework to support 'India's techade' is expected by early 2023, Minister of State for IT Rajeev Chandrasekhar has said. Asked about the status of Digital India Act, which will replace the IT Act, Mr. Chandrasekhar said: "A significant amount of work has been …

Money transfer democratised, digital commerce will grow 10-fold: Experts on India's e-commerce revolution
2 years, 2 months ago

Money transfer democratised, digital commerce will grow 10-fold: Experts on India's e-commerce revolution

India Today  

The digital commerce revolution in India is set to grow ten-fold and money transfer in the country has been democratised with the UPI system, experts opined on Saturday at the India Today Conclave. Deepak Bagla, Managing Director & CEO, Invest India, T. Koshy, CEO, Open Network for Digital Commerce, and Dilip Asbe, Managing Director & CEO of National Payments Corporation …

G20 offers India chance to be the architect of a new digital economy
2 years, 2 months ago

G20 offers India chance to be the architect of a new digital economy

Live Mint  

There are decades where nothing happens; and there are weeks where decades happen." And as the rules of a new digital world are written, India’s G20 presidency for 2023 will offer us a platform to showcase our success story of ‘best known practices’ that others can learn from. India is well poised today to lead the creation of a global …

Shift from phone banking to digital banking put India on sustained growth path: PM
2 years, 2 months ago

Shift from phone banking to digital banking put India on sustained growth path: PM

Deccan Chronicle  

New Delhi: Prime Minister Narendra Modi on Sunday attributed India's sustained economic growth to the efforts of the BJP government to replace pre-2014 'phone banking' with 'digital banking'. The economic progress of a country is directly linked to the strength of its banking system, he said after dedicating 75 Digital Banking Units to the nation. The banking sector has become …

'1GB data's cost was ₹300, now…': PM Modi at launch of 5G in India
2 years, 3 months ago

'1GB data's cost was ₹300, now…': PM Modi at launch of 5G in India

Hindustan Times  

Prime Minister Narendra Modi on Saturday said 5G technology will revolutionise the telecom sector and it's a historic day for the 21st century of India as he launched the 5G services in the country at the Indian Mobile Congress 2022 at Pragati Maidan in New Delhi. Capable of supporting ultra-high-speed internet, the fifth generation or 5G service is expected to …

A new digital lifestyle is taking shape in India: Education Minister
2 years, 3 months ago

A new digital lifestyle is taking shape in India: Education Minister

Live Mint  

New Delhi: There is a new ‘digital lifestyle’ taking shape in India, said Union Minister for Education and Skill Development, Dharmendra Pradhan on Tuesday. Addressing the inaugural session of the International Conclave on ‘Digital Transformation and Internationalization of Higher Education’ organized by the Deakin University, Australia, the minister said that India’s digitization is creating new opportunities with the indigenous 5G …

Indian FinTech market to reach $1 trillion by 2030, says CEA
2 years, 3 months ago

Indian FinTech market to reach $1 trillion by 2030, says CEA

The Hindu  

“India is among the fastest growing fintech markets in the world with a market size of $31 billion in 2021 that is expected to reach $1 trillion by 2030,” said V. Anantha Nageswaran, Chief Economic Advisor of India, Ministry of Finance, Government of India. “The next wave in the fintech sector could be the cash flow lending to MSMEs using …

India@75: IT sector’s historic rise since Independence to become a global powerhouse
2 years, 3 months ago

India@75: IT sector’s historic rise since Independence to become a global powerhouse

Firstpost  

Considering its fast growth pace, India is at the centre of global IT attraction with players betting big on the future of IT in India Technology has changed the way we communicate, pay bills, commute, interact with governance, and even the way we perceive entertainment. Our government’s flagship initiative, Digital India, has aided in spreading internet access in the remotest …

Digital India: The Indian way | OPINION
2 years, 4 months ago

Digital India: The Indian way | OPINION

India Today  

The digital policies that are being picked up in India do not really reflect the digital issues that are important from an India perspective. While India is hurtling in an accelerated manner towards an ever-increasing digitalisation of our economy and of our society, we also need to ensure that it is happening the Indian way, supporting the issues that are …

Mastercard CEO Applauds UPI, Says India is Set to Become Largest Digital Economy in the World
2 years, 4 months ago

Mastercard CEO Applauds UPI, Says India is Set to Become Largest Digital Economy in the World

News 18  

India has the potential to become the biggest digital economy in the world, Mastercard global CEO Michael Miebach has said. “What I see today, particularly through the lens of our business when we look at the digital economy and how it is growing in India and growth rates of UPI and so forth, there is technology put to work at …

We are well placed to let fintech lead the success of Digital India
2 years, 5 months ago

We are well placed to let fintech lead the success of Digital India

Live Mint  

From a 6.6% contraction in 2020-21, the Indian economy recorded a sharp rebound of 8.7% growth in 2021-22, by provisional estimates. The Niti Aayog report, India’s Booming Gig and Platform Economy, has underscored the role of fintech and a regulatory sandbox regime in helping India achieve its $5 trillion target. Broadly, the fintech sector is regulated under five regulations: the …

ONDC: Why is govt betting big and how it will democratise India's e-commerce landscape
2 years, 6 months ago

ONDC: Why is govt betting big and how it will democratise India's e-commerce landscape

India TV News  

With an aim to digitise the value chain, standardise operations, promote inclusion of suppliers and enhance value for consumers, the government recently launched an initiative -- Open Network for Digital Commerce. This platform intends to create opportunities, reduce digital monopolies and help MSME and small traders get on digital platforms where businesses and consumers will be capable of carrying out …

Expecting 7.5 pc economic growth rate this year: Modi
2 years, 6 months ago

Expecting 7.5 pc economic growth rate this year: Modi

Deccan Chronicle  

New Delhi: Ahead of the virtual BRICS Summit to be hosted by China starting on Thursday, Prime Minister Narendra Modi told the BRICS Business Forum on Wednesday that India is the fastest growing major economy with an expected 7.5 per cent growth this year. He credited the government’s "reform, perform and transform" mantra for the achievement and added that by …

$1-trillion scope for digital economy: PM Modi
2 years, 6 months ago

$1-trillion scope for digital economy: PM Modi

The Hindu  

India's digital economy and the infrastructure sector has a total potential for $2.5 trillion, Prime Minister Narendra Modi said on Wednesday. Addressing the meeting of the BRICS Business Forum, Mr. Modi said the digital transformation unfolding in India has never before been seen on the world stage. The value of the Indian digital economy will reach $1 trillion by 2025,” …

Digital transformation is an absolute necessity in today's time
2 years, 7 months ago

Digital transformation is an absolute necessity in today's time

India TV News  

A renowned American guitarist Jason Mraz once said, “The soil is actually the greatest technology we have for adapting to climate change. Hence, let’s emphasize how digital transformation could create sustainable businesses, reduce the harm to nature, and help restore it. The initiative has helped traditional companies in transforming into digitally empowered enterprises, further creating sustainable businesses and contributing to …

Siddharth Mehta of Bay Capital Keep a Close Eye on Digitally Driven Indian Economy
2 years, 7 months ago

Siddharth Mehta of Bay Capital Keep a Close Eye on Digitally Driven Indian Economy

Deccan Chronicle  

The rise in internet penetration along with low-cost smartphone assemble a strong digitized economy that attract Siddharth Mehta of Bay Capital to invest in it. In term of investing in emerging Indian economy, former IL&FS Director Siddharth Mehta expressing his point view that the implications of such businesses for investors are profound. It is not just enough the data also …

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