Indian digital economy is going to
touch USD one trillion in next five years, giving enormous business scope for
the IT industry, with initiatives on good governance and faster delivery
driving domestic demand, Union Minister Ravi Shankar Prasad said.
touch USD one trillion in next five years, giving enormous business scope for
the IT industry, with initiatives on good governance and faster delivery
driving domestic demand, Union Minister Ravi Shankar Prasad said.
Asked if the current phase of slowdown
in the IT industry is a matter of concern, he sought to allay apprehensions,
noting that the Indian IT exports has touched the highest ever USD 100 billion
mark and domestic companies having footprints in 200 cities of 80 countries.
in the IT industry is a matter of concern, he sought to allay apprehensions,
noting that the Indian IT exports has touched the highest ever USD 100 billion
mark and domestic companies having footprints in 200 cities of 80 countries.
“And all these initiatives of
‘Digital India’, ‘Make in India’, ‘Startup India’ designed to strengthen the IT
ecosystem of the country for good governance, and faster delivery is going to
create new opportunities,” Union Electronics and Information Technology
Minister Ravi Shankar Prasad told PTI.
‘Digital India’, ‘Make in India’, ‘Startup India’ designed to strengthen the IT
ecosystem of the country for good governance, and faster delivery is going to
create new opportunities,” Union Electronics and Information Technology
Minister Ravi Shankar Prasad told PTI.
He also said the government is
promoting electronic manufacturing in a big way, and in the last one year
alone, 40 mobile manufacturing companies have come to India, which are
manufacturing 11 crore mobile phones and giving 40,000 jobs directly and 1.25
lakh-plus indirectly.
promoting electronic manufacturing in a big way, and in the last one year
alone, 40 mobile manufacturing companies have come to India, which are
manufacturing 11 crore mobile phones and giving 40,000 jobs directly and 1.25
lakh-plus indirectly.
“And the larger ecosystem of
e-bank, e-payment, e-mandi and other forms of digital delivery that the
government promoting is only going to create big demand in nation of 1.25
billion-plus population”, Prasad said.
e-bank, e-payment, e-mandi and other forms of digital delivery that the
government promoting is only going to create big demand in nation of 1.25
billion-plus population”, Prasad said.
He noted that 1.05 billion Indians are
on Aadhaar today.
on Aadhaar today.
“We have opened 24 crore Jan dhan
account of poor people who had no bank access.”
account of poor people who had no bank access.”
Four crore mobile phones and six crore
Aadhaar have been linked to Jan dhan accounts, which are leading to faster and
good delivery of subsidies, Prasad said. “And we have saved Rs 36,000
crore (through Direct Benefit Transfer system for various schemes)”.
Aadhaar have been linked to Jan dhan accounts, which are leading to faster and
good delivery of subsidies, Prasad said. “And we have saved Rs 36,000
crore (through Direct Benefit Transfer system for various schemes)”.
“With all this ecosystem, which
is happening in this country, Indian digital economy is going to become USD one
trillion in the coming four to five years. There is enormous scope in India
itself apart from great work Indian IT companies are doing worldwide”, the
minister said.
is happening in this country, Indian digital economy is going to become USD one
trillion in the coming four to five years. There is enormous scope in India
itself apart from great work Indian IT companies are doing worldwide”, the
minister said.
