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India can create USD 1 trillion of economic value using digital technology by 2025

  • Uncategorized
  • Dec 28, 2020

In a virtual event organized by industry body FICCI, Kant said the COVID-19 pandemic has provided an impetus to the ever expanding digital infrastructure. The era of technologies are now emerging at a very rapid rate and soon our country will be full of technologies and inventions. The NITI aayog CEO pointed out that the global electronics market is estimated to the worth USD 2 trillion, and India’s share in global electronics market has grown from 1.3 percent in 2012 to 3 percent in 2018. Niti Aayog CEO Amitabh Kant on Thursday said digital infrastructure has become indispensable to the functioning of society and India can create USD 1 trillion of economic value using digital technology by 2025. The technology driven world is growing very fast and the potential students are now creating new tools to analyze the current situations of any sector, these tools are very much high-tech and advanced that the stats are very appropriate and it can detect the problem very easily and can do appropriate troubleshoot for the same.

Kant added that digital infrastructure has emerged as more significant infrastructure as compared to traditional infrastructure necessities such as power and road. It is crucial for India to augment digital infrastructure to utilize frontier technology in economic development. The digital is the future, Kant said adding that if India wants to improve the social sector or health sector then going digital is critical. “It is still considered to be miniscule. So, the government came up with the production-linked incentive (PLI) scheme for the electronics industry”. Kant also said it is critical for the industry to utilize those schemes and contribute to the overall ecosystem.

IT technology in India is advancing at an alarmingly fast rate, and those who can’t keep up are simply left behind. Technology has changed the way we communicate, how we pay our bills, and even how we watch TV. There’s no doubt that the IT industry is growing like never before. The question is – can you leverage the IT talent in India to stay ahead in this rat-race? Is India at the forefront of technological innovation?