Tuesday, December 5, 2023

BRICS: Modi says India’s digital economy would hit $1 trillion by 2030

Prime Minister Narendra Modi on Wednesday said that the value of the Indian digital economy would reach $1 trillion by 2030.

Addressing the opening ceremony of the BRICS Business Forum 2022, PM Modi said that transformative changes are taking place in every sector in the emerging ‘New India’.

“The kind of digital transformation that is being taking place in India today, it has never been seen in the world stage,” PM Modi said.

“The value of Indian digital economy will reach $1 trillion by 2025,” he added.

The Prime Minister said that the growth of digital sector in India has also encouraged the participation of women in the workforce.

“There are approximately 36 per cent women out of 4.4 million professionals working in our IT sector,” he said.

The maximum benefit from technology-based financial inclusion has also been gone to the women in our rural areas, PM Modi added.

Asserting that India has one of the best eco-systems in the world for innovation, PM Modi said that there are more than 100 unicorns in over 70,000 start-ups in India, and their number continues to grow.

He also said that the government has introduced innovation-friendly policies in many areas like space, blue economy, green hydrogen, clean energy, drones, geo-spatial data, etc.

PM Modi highlighted the rapid, large scale improvement and expansion of Infrastructure in the country.

He said that there are investment opportunities of $1.5 trillion under India’s National Infrastructure Pipeline.

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