Addressing the G20 Digital Economy Ministers’ Meeting, right here Vaishnaw mentioned that the three precedence areas chosen by the Indian presidency for the Digital Economy Working Group are – Digital Public Infrastructure (DPI), Security in Digital Economy and Digital Scaling.
The Union minister mentioned that these three mirror the priorities of Prime Minister Narendra Modi.
These priorities align with the broader world agenda of fostering a digital economic system that’s safe, inclusive, and equitable for all, he mentioned.
“PM Modi believes in the democratization of technology,” Vaishnaw mentioned.
The Union minister additionally highlighted Bengaluru’s place as a hub for innovation, housing a few of the world’s most pioneering corporations within the tech sector.
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“We have assembled to deliberate on issues that will define the growth of the digital economy. Bengaluru is home to some of the most innovative companies in the world,” he mentioned.The G20 Digital Economy Ministers’ Meeting presents a singular platform for nations to collaborate and share insights on these urgent points.
As the discussions on the assembly unfold, it’s anticipated that revolutionary options and collaborative methods will emerge, shaping the trajectory of the worldwide digital economic system and contributing to Prime Minister Modi’s imaginative and prescient of a technology-driven future that advantages all of humanity.
PM Modi addressed the G20 Digital Economy Ministers’ Meet by way of video message at the moment.
He credited the launch of the Digital India initiative in 2015 for the unprecedented digital transformation that has taken place in India during the last 9 years.
The PM underlined that India’s digital transformation is powered by its unshakeable perception in innovation and its dedication to speedy implementation whereas additionally being motivated by the spirit of inclusion the place nobody is left behind.
He mentioned that 850 million web customers within the nation get pleasure from a few of the most cost-effective knowledge prices on this planet, highlighting the dimensions, velocity and scope of India’s digital transformation.
He talked about the JAM trinity- Jan Dhan financial institution accounts, Aadhaar, and Mobile which have revolutionized monetary inclusion and the UPI cost system the place practically 10 billion transactions happen each month, and that 45 per cent of the worldwide real-time funds takes place in India.
The prime minister additionally threw gentle on the Direct Benefits Transfer plugging leakages within the system. “Fully digitized taxation systems are promoting transparency and e-governance”, PM Modi mentioned.
The Prime Minister expressed satisfaction that the working group is making a G20 digital Global Digital Public Infrastructure Repository and underlined that progress on Common Framework for Digital Public Infrastructure will assist create a clear, accountable, and truthful digital ecosystem for all.
He additionally welcomed the efforts to develop a roadmap to facilitate Cross Country Comparison of Digital Skills and establishing a Virtual Centre of Excellence on Digital Skilling. He mentioned that these are essential efforts to fulfill the wants of a future-ready workforce.
Noting that the digital economic system will face safety threats and challenges because it spreads globally, the Prime Minister identified that you will need to construct consensus on the G20 High-Level Principles for a Secure, Trusted, and Resilient Digital Economy.
The Prime Minister additional highlighted the Government e-Marketplace, a web-based public procurement platform that has introduced transparency and probity into the method, and the Open Network for Digital Commerce which is democratizing e-Commerce.
Source: economictimes.indiatimes.com