Digital India: The Platformisation Play
- The report titled “Digital India: The Platformisation Play” has been released by National Association of Software and Service Companies (NASSCOM).
- The objective of this report is to highlight notable Indian public digital platforms and the population scale impact delivered by them.
- Digital India initiatives are pivotal in helping achieve the $5 trillion economy by the year 2025.
Key points:
- In India, Open digital ecosystems will unlock more than $700 billion worth of business opportunities for India by 2030 across sectors such as healthcare, agriculture, MSMEs, education, and e-land records.
- It create new value of $500+ bn. 5.5% of India’s GDP
- It also generate $200+ bn. in savings to the country
Digital India initiatives are pivotal for India’s competitiveness, because it:
- Enhance India’s competitiveness index scores
- Break data silos & created shared tech infrastructure
- Enable the formation of multi-stakeholder ecosystems
Three of the largest public digital platforms in the world were from India, which had significantly fast-tracked the country’s pivot to digitalisation.
- Aadhar – Largest unique digital identity platform
- UPI – Largest digital payments ecosystem
- CoWIN – Largest vaccination platform
NASSCOM:
- It is a global non-profit trade association (organisation) of Indian Information Technology (IT) and Business Process Outsourcing (BPO) industry.
- Established in 1988, NASSCOM’s relentless pursuit has been to constantly support the IT and BPO industry.
- NASSCOM, headquartered in New Delhi, is registered under the Indian Societies Act, 1860.