Today, India is undoubtedly among the Top 3 digital powers in the world in terms of the percentage of digitally involved citizens among the population and the total quantum of businesses and start-ups with a robust digital presence. India has become a densely networked country with 1.2 billion mobile connections and 850 million internet connections, with among the cheapest data costs in the world. Nearly 150,000 gram panchayats have been connected with optic fibre to benefit rural citizens.
India also has the unique distinction of having built population-scale digital public goods (DPGs)—a set of networked, interoperable, multiplatform public utilities like Aadhaar, UPI, e-KYC, Account Aggregator (AA), Open Credit Enablement Network (OCEN), Open Network for Digital Commerce (ONDC) and more—upon which innovators can build world-class apps and platforms using open APIs. This unique public-private partnership model has removed the threat of digital monopolies developing in critical socio-economic areas and led to a flowering of innovation in the country. Human capital is abundantly available, and the DPG platforms are a unique Indian innovation based on a millennia-old cultural ethos of creating knowledge systems for public welfare in the public domain.
This story is from the February 19, 2023 edition of Business Today India.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the February 19, 2023 edition of Business Today India.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber? Sign In
Haute Couture in the Kitchen
FASHION BRANDS ARE ENTERING THE RESTAURANT SPACE, AS FOOD SEEMS TO HAVE BECOME THE ULTIMATE FASHION STATEMENT
It's Personal
Mixing work and personal tasks on work machines may be a done thing for many, but it makes sense to have a dedicated device for your personal needs. Here are two such devices
INTO THE BLUE
For WTiCabs Founder and CEO Ashok Vashist, scuba diving is not just an adventure sport. It is a pathway to connect with the ocean
"Challenges are opportunities"
AMIT JAIN CO-FOUNDER & CEO CARDEKHO GROUP CarDekho Group is a digital automotive solutions provider
THE WAIT FOR HIGHER PENSION
ALMOST 18 MONTHS AFTER THE SUPREME COURT RULING, SUBSCRIBERS WHO OPTED FOR A HIGHER PENSION UNDER THE EMPLOYEES' PENSION SCHEME CONTINUE TO WAIT AS THE EPFO, FACING A STAFF CRUNCH, TRIES TO FIGURE OUT THE MATH
"It's possible to have a 25% growth out of India from now on"
Rail Europe Executive Chairman & CEO Björn Bender talks about the India market, the shift to digital, and the way ahead
Evolving Strategies
Companies need to adapt to changing times for a strong workforce
PERKS PRESSURE
IT'S NOT JUST ABOUT THE MONEY ANYMORE FOR EMPLOYEES. FROM FOUR-DAY WORK WEEKS, TO SKILLING ON THE JOB AND MENTAL WELL-BEING EXERCISES, COMPANIES ARE OFFERING A HOST OF BENEFITS TO RETAIN TOP TALENT. IS THIS ENOUGH?
FOSTERING PLURALISM
Axis Bank, with its initiatives and policies, is striving to make a holistic difference to people's careers and hone their skills too
In Keeping With The Times
With a slew of initiatives for its employees, Abbott India is working hard to build a diverse and inclusive workforce