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

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

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

Related Stories

Gold Stories

Next Story
Infrastructure Urban

KONE Opens India's First Digital Experience Centre in Pune

KONE, a global elevator and escalator manufacturer, has inaugurated its first Digital Experience Centre (DEC) in India, located in Pune. The facility aims to showcase how artificial intelligence (AI), connectivity and data-driven technologies can enhance customer experiences and improve building operations.The centre was inaugurated by Jussi Herlin, Executive Vice Chair, KONE Corporation; Philippe Delorme, President and CEO, KONE; and Nandan Nilekani, Co-founder and Chairman of the Board, Infosys.Designed as an interactive customer environment, the facility demonstrates digital solutions cover..

Next Story
Infrastructure Urban

CII GreenCo Launches Circularity Guidelines for Indian Industry

The Confederation of Indian Industry (CII) GreenCo Council has launched the CII GreenCo Circularity Guidelines – Pilot Version at the 17th CII GreenCo Waste & Resource Management Summit 2026 in Chennai. The initiative aims to strengthen resource efficiency, waste reduction and circular economy practices across Indian manufacturing and process industries.The guidelines introduce a structured framework with circularity indices covering raw materials, consumables, packaging and other resource inputs. These indicators will help industries assess existing practices, identify opportunities to ..

Next Story
Infrastructure Energy

Global Electronics Association Launches IPC-1783-CO2E Standard

The Global Electronics Association has introduced IPC-1783-CO2E, a new international standard aimed at improving consistency, transparency and comparability in product carbon footprint reporting across the electronics manufacturing industry.The standard, titled International Standard for Data Collection and Reporting of CO2 Equivalent (CO2e) Emissions for the Electronics Manufacturing Supply Chain, provides industry-specific guidance for collecting, estimating and reporting carbon emissions data.With increasing regulatory requirements and customer expectations, electronics manufacturers face c..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code