The Niti Aayog CEO pointed out that the worldwide electronics industry is estimated to be worth USD 2 trillion, and India’s share in worldwide electronics industry has grown from 1.3 per cent in 2012 to 3 per cent in 2018. (File image)
Niti Aayog CEO Amitabh Kant on Thursday mentioned digital infrastructure has turn out to be indispensable to the functioning of society and India can build USD 1 trillion of financial worth applying digital technologies by 2025.
Addressing a virtual occasion organised by market physique FICCI, Kant mentioned the COVID-19 pandemic has offered an impetus to the ever-expanding digital infrastructure.
“Digital infrastructure has become indispensable to the functioning of society… India can create USD 1 trillion of economic value using digital technology by 2025,” he mentioned.
He added that digital infrastructure has emerged as far more substantial infrastructure as compared to regular infrastructure necessities such as energy and road. It is important for India to augment digital infrastructure to utilise frontier technologies in financial improvement, Kant mentioned.
The digital is the future, Kant mentioned adding that if India desires to strengthen the social sector or wellness sector then going digital is important.
The Niti Aayog CEO pointed out that the worldwide electronics industry is estimated to be worth USD 2 trillion, and India’s share in worldwide electronics industry has grown from 1.3 per cent in 2012 to 3 per cent in 2018.
“It is still considered to be miniscule. So, the government came up with the production-linked incentive (PLI) scheme for the electronics industry,” he mentioned.
Kant also mentioned it is important for the market to utilise these schemes and contribute to the general ecosystem.
Stating that India has been increasing in the Global Innovation Index (GII), he mentioned there is an instant have to have to create a regional provide chain.