New Delhi, June 17: Talking to technology leaders, Union minister for electronics and information technology Ravi Shankar Prasad urged them to make India a $1 trillion digital economy within a span of 4 years. Adding that it is not a 'tall claim', he highlighted the opportunities in IT, e-commerce and digital sectors.
In his opening remarks, Ravi Shankar Prasad said, “India is well set to become US$ 1 Trillion Digital Economy in next 7 years and it rather looks an easy target, however, the challenge would be to reach this target in 3-4 years. I appeal to the industry to join hands with the Government which is firmly believes in openness, supportive and proactive approach”.
India is committed to take lead in the ongoing digital revolution in the world and I would appreciate industry’s participation and support in this mission. Through such discussion, we aim to seek contribution and participation of the private sector as we stride forward to make India a truly global Digital economy,” he added.
“The motto of the Government lead by the PM Modi is to reform, perform and transform. Digital India is enabling technological empowerment that is bridging the gap between haves and have nots. India’s digital story is the story of a low-cost world class technology that is being hailed across the globe”.
"I am very proud of the Indian IT Sector and I strongly believe that IT, ITeS, Ecommerce and financial services sectors will play a vital role to realize our aspirations of becoming a US$1 trillion digital economy. The trinity of JAM (Jan Dhan, Aadhaar and Mobile) and Digital Payment (DigiDhan) would also prove to be the biggest drivers of digital economy in the country,” Added Prasad.
Meanwhile, The industry was represented by leading corporate houses and industry associations like Infosys, IBM, Wipro, Google, Microsoft, Mahindra Tech, Intel Corporation, Panasonic India, NIIT, Quickheal, Practo, Hike, Lava International Ltd, Cyient Ltd, IVCA, NPCI, NASSCOM, IAMAI et al.
The industry leaders welcome the present initiative of the government and asserted that an effective partnership between government and the private sector is the key for creating One Trillion $ Digital Economy in India. Better dispute resolution mechanisms for PPP projects, promoting emerging technologies like cloud, big data, GIS, AI etc.