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

Next Story
Real Estate

Serene, Gardencity to Develop Rs 3 Billion Senior Living Project in Bengaluru

Serene Communities, a leading senior living brand, has partnered with Gardencity Realty to develop a premium senior living community in Budigere, one of Bengaluru’s fastest-growing residential micro-markets. The project will span approximately 300,000 sq ft, with a Gross Development Value of about Rs 3 billion, and will add roughly 250 senior-friendly residences to the city’s growing retirement housing segment.The launch forms part of Serene Communities’ national expansion strategy. The company has 11 new projects under development with a planned investment of Rs 25 billion that will add..

Next Story
Real Estate

Alliance City Developers Marks Major 2025 Milestones in Vile Parle

Alliance City Developers Realtors has announced significant project milestones and expansions in 2025, underscoring what the company terms a transformational year. The developer completed multiple residential projects and launched two premium developments in Vile Parle (East), one of Mumbai’s most sought-after neighbourhoods.During the year, Alliance Legacy in Matunga (East) received its Occupancy Certificate (OC), while Alliance Eternis in Borivali (West) and Alliance Vista in Vile Parle (East) were granted Completion Certificates (CC), marking final project delivery. Alliance Abhimanyu is ..

Next Story
Infrastructure Energy

Moro Hub and PwC Middle East Partner to Accelerate Smart City Solutions

Moro Hub, a subsidiary of Digital DEWA, the digital arm of Dubai Electricity and Water Authority (DEWA), has announced a strategic collaboration with PwC Middle East to advance Smart City, Integrated Command Centre (ICC), Critical Infrastructure Monitoring and Internet of Things (IoT) initiatives across the region. The partnership brings together Moro Hub’s digital infrastructure and IoT capabilities with PwC’s global expertise in digital trust, smart city strategy and cybersecurity to support the UAE’s vision for intelligent and sustainable cities.“Our collaboration with PwC Middle Ea..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Open In App