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India to become a trillion-dollar digital economy in 2-3 years

Fiinews by Fiinews
December 16, 2018
in Economy, Investment, Manufacturing, Technology
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Think Big, says Ravi Shankar Prasad

 

Source: Dept of Justice.
Minister Ravi Shankar Prasad.

The ‘Digital India’ programme, politics-neutral, centre-state-neutral and ideology-neutral, had resulted in large-scale technology adoption, leading India to be a trillion-dollar digital economy in the next two to three years.

Ravi Shankar Prasad, Minister of Law and Justice, Electronics and Information Technology, summed up the success of during his address to the 91st Annual General Meeting of FICCI on 15 Dec 2018 in Delhi.

Prasad said that the ‘Digital India’ was transformative, designed to empower the citizens, bring about digital inclusiveness and bridge the rural-urban divide.

The reliance was on low-cost technology as evidenced by the spread of digital identity through ‘Aadhar’ which supplements the physical identity of the people, he said.

The ‘New India’ envisioned by the present government marks a tectonic shift in thinking, he pointed out.

“It is an inspiration to think big. Unless you think big, you can’t achieve modest success”, he said.

Prasad highlighted examples of the adoption of digital technology such as the increase in the number of mobile phones, smart phones, component manufacturing factories and optical fibre network.

This was being achieved by the same people and the same process, said Prasad, adding that this only proves the point that if you are able to connect the big picture, the people will respond.

Prasad said the fundamental philosophy behind the success of the digital transformation was IT+IT=IT (India Talent + Information Technology = India Tomorrow).

He said India missed the industrial revolution due to historical reasons; it missed the entrepreneurial revolution owing to the licence-permit quota raj. “We don’t want to miss the digital revolution which is designed to transform India”, he stressed. fiinews.com

Tags: Minister of Law and Justice/Electronics and Information TechnologyRavi Shankar Prasad
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