Conveying the keynote address at the fifth edition of the Times Network’s Digital India Summit, Ravi Shankar Prasad, minister for Law & Justice and Electronics & Information Technology, emphasized the key factors that contributed in achieving the $1 trillion digital dream.
“India could be a $3 trillion (digital) economy in the next four to five years. That is the goal we have set. Digital India is designed to empower ordinary Indians. Our idea is to make India the biggest manufacturing hub in electronics with 1crore employment in the electronics sector and 35-40 lakhs in the software sector,” said Prasad.
Honorable IT Minister also said that there was a time when there were not more than two companies in India making mobile phones while today the country has 127 mobile manufacturers. India now spots the second position in mobile phone manufacturing after China.
“India has become the second largest startup movement in the world with the valuation of Unicorn is higher than in the UK.”
He added that almost 1.5 crore students have been empowered with e-scholarships worth .`5,000 due to the digital initiatives. He also talked about the BHIM UPI App as to how there were only 4,000 transactions per day on it in November 2016 however the number now has went up to more than 2 crore transactions per day in December 2018, which is being boosted by people living in smaller cities.
Other prominent speakers at the summit, which took place in New Delhi on Tuesday, include Deep Kalra, group CEO, MakeMyTrip; Upasana Taku, CEO, Mobikwik; Tarun Katial, CEO, ZEE5, Amanpreet Bajaj, country manager, Airbnb; Dinesh Kumar Garg, executive director, Union Bank of India; Amit Malviya, IT chief, BJP; Vineet Arora, MD, Aegon Life Insurance Company; Rajan Mathew, director general, COAI and Nath Parameswaran, India director, Paypal.
Their main subject for speeches and discussions remained about the issues that key sectors & industries in the digital economy are facing. It included e-campaigning, ehealth, ecommerce, digital payments, e-food entertainment and travel.
“With a view to bring public attention to efforts underway in driving the world’s fastest growing major digital economy, Digital India Summit unveils India’s $1 Trillion Digital Economy dream, addressing possibilities and challenges across key domains that are critical components in digital transformation,” said MK Anand, MD & CEO, Times Network.
Source: ET Telecom