[Display_1]
On Wednesday, the Ministry of Electronics and Information Technology (MeitY) called for proposals that face the challenge of estimating the size of India’s digital economy and ranking and measuring the state’s share in the sector.
Stakeholders can work to create a measurement framework for the digital economy. It may also be necessary to develop state digital economy size measurements and projections, along with state rankings based on digital economy size.
As previously reported, the government plans to showcase the success of India’s digital economy at the G20 summit in New Delhi in September. We can also provide conditional assistance to other countries to further advance their digital economy and payments infrastructure. The Center has released a report on India’s $1 Trillion Digital Opportunity in 2019, stating that digital transformation will empower underserved segments, generate $1 trillion in economic value and generate $1 trillion in economic value by 2025. said it could sustain 60 to 65 million jobs in the future. He adds that $390 billion to $500 billion of that $1 trillion economic value will come from digital applications in key economic and social sectors such as agriculture, health and education.
“The study identified 30 digital topics ranging from IT infrastructure,software skills and health education to next-generation financial services.Achieving this will require collaboration between the government and the private or social sector.” Coordinated action in the spirit of ‘Team India’ is needed,” the Ministry of IT said in a call for proposals.
It added that the working group’s first meeting would be held early in the second week of March 2023 to evaluate proposals on this issue. Key tasks for stakeholders include identifying digital interventions to realize the trillion-dollar potential of India’s digital economy, as well as implementation challenges. In addition, participants will conduct research and statistical analysis on the Digital Economy and Digital India Initiatives to support decision-making, establish and maintain digital economy dashboards, and explore other topics and sectors that contribute to digital business. and analyze.
