Finance
The Prime Minister, Shri Narendra Modi addressed the G20 Digital Economy Ministers’ Meet held in Bengaluru via video message today.
Addressing the gathering, the Prime Minister welcomed the dignitaries to the city of Bengaluru – the home to Science, Technology and the spirit of entrepreneurship, and stated that there can be no better place than this to discuss digital economy.
The Prime Minister credited the launch of the Digital India initiative in 2015 for the unprecedented digital transformation that has taken place in India over the last 9 years. He highlighted that India powers its digital transformation through an unshakeable belief in innovation and a commitment to swift implementation. This approach is driven by the spirit of inclusion, ensuring that no one is left behind.
Highlighting the scale, speed and scope of this transformation, the Prime Minister mentioned India’s 850 million internet users who enjoy some of the cheapest data costs in the world. Shri Modi touched upon leveraging technology to transform governance and make it more efficient, inclusive, faster and transparent and gave the example of Aadhaar – India’s unique digital identity platform covering more than 1.3 billion people. He mentioned the JAM trinity- Jan Dhan bank accounts, Aadhaar, and Mobile that have revolutionized financial inclusion and the UPI payment system where nearly 10 billion transactions take place every month, and 45% of the global real-time payments happen in India. The Prime Minister also threw light on the Direct Benefits Transfer plugging leakages in the system and saving over 33 billion dollars.
Referring to the CoWIN portal that supported India’s Covid vaccination drive, the Prime Minister informed that it helped in the delivery of over 2 billion vaccine doses along with digitally verifiable certificates. Shri Modi also touched upon the Gati-Shakti platform that uses technology and spatial planning to map infrastructure and logistics, thereby assisting in planning, reducing costs, and increasing the speed of delivery. The Prime Minister further highlighted the Government e-Marketplace, an online public procurement platform that has brought transparency and probity into the process, and the Open Network for Digital Commerce which is democratizing e-Commerce. “Fully digitized taxation systems are promoting transparency and e-governance”, he added. The Prime Minister also mentioned the development of Bhashini, an AI-powered language translation platform that will support digital inclusion in all the diverse languages of India.
“India’s Digital Public Infrastructure offers scalable, secure and inclusive solutions for global challenges”, the Prime Minister remarked. Noting the incredible diversity of the country, the Prime Minister emphasized that India has dozens of languages and hundreds of dialects. He further added that it is home to every religion and innumerable cultural practices from around the world. “From ancient traditions to the latest technologies, India has something for everyone”, the Prime Minister asserted. With such diversity, he continued, India is an ideal testing lab for solutions.
He emphasized that a solution succeeding in India can find ready application anywhere worldwide. The Prime Minister clearly stated India’s readiness to share its experiences globally and cited the example of providing the CoWIN platform for the global benefit during the Covid pandemic. He highlighted that India has established an online Global Public Digital Goods Repository – the India Stack – to ensure inclusivity, particularly for those from the Global South.
The Prime Minister expressed satisfaction that the working group is creating a G20 virtual Global Digital Public Infrastructure Repository and underlined that progress on Common Framework for Digital Public Infrastructure will help create a transparent, accountable, and fair digital ecosystem for all. He also welcomed the efforts to develop a roadmap to facilitate Cross Country Comparison of Digital Skills and setting up a Virtual Centre of Excellence on Digital Skilling. He said that these are important efforts to meet the needs of a future-ready workforce. Noting that the digital economy will face security threats and challenges as it spreads globally, the Prime Minister pointed out that it is important to build consensus on the G20 High-Level Principles for a Secure, Trusted, and Resilient Digital Economy.
“Technology has connected us like never before. It holds the promise of inclusive and sustainable development for all”, the Prime Minister remarked as he emphasized that G20 nations have a unique opportunity to lay the foundations for an inclusive, prosperous, and secure global digital future. He noted that financial inclusion and productivity can be advanced through Digital Public Infrastructure. He suggested promoting the use of digital technology by farmers and small businesses, establishing the framework to build a global digital health ecosystem, and developing a framework for the safe and responsible use of Artificial Intelligence. Shri Modi emphasized that an entire ecosystem of technology-based solutions can be built to address the challenges faced by humanity. “All it needs from us are the four C’s – Conviction, Commitment, Coordination, and Collaboration”, the Prime Minister concluded as he expressed confidence that the working group will take us forward in that direction.
Sharing my remarks at G20 Digital Economy Ministers Meeting in Bengaluru. @g20org https://t.co/ai6pbrR6wl
— Narendra Modi (@narendramodi) August 19, 2023
Source:PIB
