(pic) Rajeev Chandrasekhar, Union Minister of State, Electronics, IT, Skill Development and Entrepreneurship
Rajeev Chandrasekhar (MOS GOI) is seeing green shoots in Emerging Digital Technologies in India to generate $1 trillion in economic value for India by 2025.
He foresees fulfilment of the $5 trillion economy ambition of PM of India; Rajeev foresees his ministry contributing 20 per cent to country’s nominal GDP and sustaining 60-65 million jobs by 2025.
By 2025, India is expected to have 90 per cent Internet penetration with 850 million users, with rural base growing 2.5 times as compared to the urban base.
India is at an inflection point — digital has changed the way people communicate, socialize, create, sell, shop and work. India is poised to be a game-changer in the world digital economy by empowering its citizens and revolutionizing businesses,” said Prashant Singhal, Emerging Markets (technology, media and telecom).
Digital technologies across sectors such as retail, financial services, healthcare, energy, manufacturing and infrastructure will be fueling the growth, resulting in employment generation, increased local and regional entrepreneurship and facilitate equitable socio-economic growth.
Digital economy has the potential to sustain 60-65 million employment opportunities for women, differently-abled people, skilled and semi-skilled workers across digitally enabled businesses in urban, semi-urban and rural areas.
In the last four years, 268 mobile and mobile component manufacturing units have been set-up, generating 670,000 direct and indirect jobs under the electronic manufacturing initiative. Domestic electronics manufacturing could generate economic value of $100 billion to $130 billion by 2025, s report says.
The Internet user base in India is expected to reach 627 million by the end of 2019 – second only to China, which is expected to reach about 850 million by 2025.However, the Internet penetration is at only 36 per cent – indicating significant growth opportunities.
On a positive note, rural internet users are expected to increase by 2.5 times, in comparison to the urban internet users – providing a huge impetus for the next big wave of growth.
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