The Indian government is targeting to connect all Indians to the internet by 2025 mostly via broadband of BharatNet. Also, it is eying to simplify cyber law to make it easy to do business and focus on high technology such as Artificial Intelligence and Quantum Computing, stated Rajeev Chandrasekhar, the Minister of State for Electronics and IT.
While addressing the Plenary on Digital - A boost to Indian Economy, which was held on the second day of the CII (Confederation of Indian Industry) Annual Meeting 2021, he claimed that digitalization will play a major role in the Indian economy in the years to come.
Role Of Technology
He added that the Prime Minister has deeply invested in the capabilities and power of technology to transform governance by closing the gap that exists between the government and various departments and citizens and panchayats. This will enable them to overcome the restrictions of conventional working modes in silos.
The minister went on elaborating that the role of technology has removed the necessity of intermediaries in the financial sector in recent years. This was possible with the complete transformation of the same and the impact caused by UPI. Those districts that never had contact with the Government of late could also get direct financial transfer during the pandemic.
As per the Minister’s envisage, 500 to 600 companies have over Rs 5,000 crore turnover in the coming three to five years. Notably, this turnover is expected only from 25 companies as of now. Furthermore, he urged the private sector to take the innovation ahead citing that data privacy is a fundamental right here unlike many other countries. Eventually, he stated that the Government is eying to bring the Data Protection Bill, which awaiting its approval with the Parliamentary Standing Committee.
As per Kris Gopalakrishnan, Past President, CII and Co-Founder, Infosys Limited and Chairperson, Axilor Ventures Private Limited, the digital infrastructure, services on demand and governance and digital empowerment of citizens are the Digital India initiative’s cornerstones that are envisioned by the Prime Minister.
Also, Kiran Karnik Chairman, CII National Committee on e-commerce and former President, NASSCOM stated that we are on the right path to use new technologies be it IoT, AI or any other aspect of technology.