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India can create $1 trillion of economic value using digital technology by 2025: Kant
Nov-27-2020

Niti Aayog CEO Amitabh Kant has said that digital infrastructure has become indispensable to the functioning of society and India can create $1 trillion of economic value using digital technology by 2025. He also said the coronavirus disease (covid-19) pandemic has provided an impetus to the ever-expanding digital infrastructure. He noted that digital infrastructure has emerged as more significant infrastructure as compared to traditional infrastructure necessities such as power and road.

Kant said it is crucial for India to augment digital infrastructure to utilise frontier technology in economic development. He said the digital is the future and adding that if India wants to improve the social sector or health sector then going digital is critical. He pointed out that the global electronics market is estimated to be worth $2 trillion, and India's share in global electronics market has grown from 1.3 percent in 2012 to 3 percent in 2018.

He further said it is still considered to be miniscule, so, the government came up with the production-linked incentive (PLI) scheme for the electronics industry. he also said it is critical for the industry to utilise those schemes and contribute to the overall ecosystem. Stating that India has been rising in the Global Innovation Index (GII), he said there is an immediate need to develop a local supply chain.

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