Union Minister of State for Electronics and Information Technology, Rajeev Chandrasekhar, has said that he envisions India’s digital economy to contribute 20% to the country’s GDP by 2026. He made this statement while addressing the G20 Digital Innovation Alliance Summit in Bengaluru on Thursday.
Chandrashekhar said that the digital economy is already a major driver of growth in India, and it is only going to become more important in the years to come. He said that the government is committed to creating an enabling environment for the growth of the digital economy, and that it is taking a number of steps to do so.
These steps include:
- Investing in infrastructure: The government is investing heavily in building digital infrastructure, such as broadband networks and data centers.
- Promoting innovation: The government is promoting innovation in the digital sector by providing funding and support to startups and other businesses.
- Creating a skilled workforce: The government is working to create a skilled workforce for the digital economy by investing in education and training.
- Removing barriers to trade: The government is removing barriers to trade in the digital sector, such as cross-border data flows.
Chandrashekhar said that the government is confident that these steps will help India to achieve its target of a 20% digital economy by 2026. He said that this will create jobs, boost economic growth, and improve the lives of people in India.
The minister’s statement is a positive sign for the future of the digital economy in India. The government’s commitment to creating an enabling environment for the growth of the digital sector is a welcome development, and it is likely to help India to achieve its target of a 20% digital economy by 2026.
Here are some of the benefits of a strong digital economy:
- It can help to create jobs and boost economic growth.
- It can improve the efficiency of businesses and government.
- It can make it easier for people to access information and services.
- It can help to reduce poverty and inequality.
- It can help to improve the environment.
The growth of the digital economy is a global trend, and India is well-positioned to benefit from this trend. The country has a large and growing population, a young workforce, and a strong technological talent pool. With the right policies and investments, India can become a major player in the global digital economy.