$1 trillion economy in next few years

Apex industry body ASSOCHAM released a report, titled ‘Enabling a Trillion-dollar digital economy’ in virtual event. The even saw a host of speakers.

Amar Patnaik, MP stated that one of the greatest things that India has managed to achieve during the coronavirus pandemic in digital transactions which has helped healthcare & education sectors. Digital economy has the potential to bring 90% of the informal sector to be the formal one.

The need to ensure that people from the rural areas of the nation have access to the internet. The improved digital technology, one can ensure that improved banking services can be provided in rural areas.

S K Gupta said, “The telecom sector directly contributes around 6.5% to India’s GDP. The importance of the digital technology can be understood during the pandemic”.

“Around 775 million users in the country used internet facilities. The sector has shown growth in last 5 years. We have already gained the distinction of being one of the highest users of mobile data worldwide”.