Govt draws roadmap to make India a $1 trillion digital economy

27 Sep 2021 CW Team

The Ministry of Electronics and IT (MeitY) has framed out a 1,000 days plan, which aims to make India a $1 trillion digital economy in a few years.

The key of the plan is to make India digitally connected across the world, bringing consistency in digital governance, simplifying rules and legislations for technologies and social media firms and focus on building India high-tech power.

According to an official, the aim is to make India the largest connected nation in the world, and secondly, all government departments and officials have applications and websites, but to make them coherent is crucial to empower Indians.

He further added that the focus lies on how to expand the digital economy of the country.

According to the plan, the other important issues are to make laws governing technology, social media and cyberspace.

The government will ensure that the internet is available, safe, trusted and accountable in India with a minimum government interface.

Other focus areas are high-tech and developing skills, including artificial intelligence (AI), cyber security, semiconductors, blockchain, supercomputing and quantum computing.

The official told the media that the focus is only to build the nation globally competitively, so the focus will be specifically on those areas. Talent development and skills will be another focus area since the rush for talent has increased post-Covid-19 pandemic because of the fast digitalisation of the companies.

As per the Credit Suisse report, the IT companies of India have witnessed a sharp increase in revenues. The report estimates the increase of the wage bill to $13 billion. The government plans to create one crore IT skilled workers in three years.

Semiconductors manufacturers and high-value-added products are also a key focus area, said the official.

As per the estimates, by December 2021, more than 65% of the domestic semiconductor demand would come from phones, and 68% from engine control units, LED lights, CCTVs, fibre optics, notebooks, smart energy meters and televisions.

Image Source

Also read: FDI to help India become $5 trillion economy: Deloitte CEO

The Ministry of Electronics and IT (MeitY) has framed out a 1,000 days plan, which aims to make India a $1 trillion digital economy in a few years. The key of the plan is to make India digitally connected across the world, bringing consistency in digital governance, simplifying rules and legislations for technologies and social media firms and focus on building India high-tech power. According to an official, the aim is to make India the largest connected nation in the world, and secondly, all government departments and officials have applications and websites, but to make them coherent is crucial to empower Indians. He further added that the focus lies on how to expand the digital economy of the country. According to the plan, the other important issues are to make laws governing technology, social media and cyberspace. The government will ensure that the internet is available, safe, trusted and accountable in India with a minimum government interface. Other focus areas are high-tech and developing skills, including artificial intelligence (AI), cyber security, semiconductors, blockchain, supercomputing and quantum computing. The official told the media that the focus is only to build the nation globally competitively, so the focus will be specifically on those areas. Talent development and skills will be another focus area since the rush for talent has increased post-Covid-19 pandemic because of the fast digitalisation of the companies. As per the Credit Suisse report, the IT companies of India have witnessed a sharp increase in revenues. The report estimates the increase of the wage bill to $13 billion. The government plans to create one crore IT skilled workers in three years. Semiconductors manufacturers and high-value-added products are also a key focus area, said the official. As per the estimates, by December 2021, more than 65% of the domestic semiconductor demand would come from phones, and 68% from engine control units, LED lights, CCTVs, fibre optics, notebooks, smart energy meters and televisions. Image SourceAlso read: FDI to help India become $5 trillion economy: Deloitte CEO

Real Estate

14 Oct 2025

GHMC Launches Drive To Boost Property Tax Revenue

The Greater Hyderabad Municipal Corporation (GHMC) has launched a special campaign to enhance property tax revenue from non-residential and commercial properties by reassessing their total built-up area. Any discrepancies identified during inspections will trigger immediate revision of both property tax and trade licence fees, officials said. The initial phase of the drive focuses on shopping malls across Hyderabad, with over 300 such establishments identified in the twin cities. After the mall inspections, GHMC will extend the verification process to other non-residential properties, includi..

Infrastructure Urban

14 Oct 2025

Cholamandalam To Raise Rs 10 Billion Via NCD Issue

Cholamandalam Investment and Finance Company has invited bids to raise up to Rs 10 billion through secured non-convertible debentures (NCDs) maturing on 14 October 2030, offering a coupon rate of 7.58 per cent. The NCD issue, announced on Monday, comes at a time when corporate bond activity — which saw strong momentum in the first quarter of FY26 — has slowed during the second quarter owing to rising borrowing costs. However, market analysts anticipate a rebound in the coming months as easing bond yields could reignite investor appetite for corporate debt instruments. The company’s fu..

Infrastructure Transport

14 Oct 2025

Versova-Dahisar Coastal Road Project to Impact 1,200 Trees

The Versova-Dahisar Coastal Road Project in Mumbai will affect over 1,200 trees, according to the Brihanmumbai Municipal Corporation (BMC). Of these, 990 trees will be replanted, while the remaining will be cut down due to construction requirements. The project, which forms a key extension of the on-going Mumbai Coastal Road corridor, aims to ease traffic congestion in the western suburbs and enhance north-south connectivity along the city’s coastline. The BMC has assured that replantation efforts will be carried out in designated areas to maintain ecological balance and offset the environm..