'India to become trillion dollar digital economy in coming years'

Ravi Shankar Prasad

Union Minister Ravi Shankar has said that the 'Digital India¿ programme was politics-neutral, centre-state-neutral and ideology-neutral while adding that the country is marching towards becoming a trillion dollar digital economy in the next two to three years due to a large-scale adoption of digital technology.

Addressing the 91st Annual General Meeting of FICCI yesterday here, Prasad stated that the 'Digital India' was transformative, designed to empower the citizens, bring about digital inclusiveness and bridge the rural-urban divide.

"The reliance was on low-cost technology as evidenced by the spread of digital identity through 'Aadhar' which supplements the physical identity of the people," the minister said.

He said that the 'New India' envisioned by the Prime Minister Narendra Modi-led government marks a tectonic shift in thinking. It is an inspiration to think big. Unless you think big, you can¿t achieve modest success, he added.

He stated that the boost in the number of smartphones, component manufacturing factories and optical fibre network were some examples of the adoption of digital technology in the country.

The minister further said that the fundamental philosophy behind the success of the "digital transformation was IT+IT=IT (India Talent+ Information Technology= India Tomorrow)."

Concluding his speech, he said that India missed the industrial revolution due to historical reasons; it missed the entrepreneurial revolution owing to the licence-permit-quota raj. We don't want to miss the digital revolution which is designed to transform India," he added.

Catch up on all the latest Crime, National, International and Hatke news here. Also download the new mid-day Android and iOS apps to get latest updates

This story has been sourced from a third party syndicated feed, agencies. Mid-day accepts no responsibility or liability for its dependability, trustworthiness, reliability and data of the text. Mid-day management/mid-day.com reserves the sole right to alter, delete or remove (without notice) the content in its absolute discretion for any reason whatsoever