Govt working to increase digital economy's contribution to 20 pc of GDP in 5 yrs

"We have the vision to take the digital part of the economy from currently 7-8 per cent of GDP to over 20 per cent in the next 5 years," Meity Additional Secretary Rajendra Kumar said while addressing a FICCI event on artificial intelligence (AI). "This is a massive task before us to sensitise all stakeholders, all ministries and to bring them on-board with this vision of massive transformation, led by digital technologies," the industry chamber quoted him as saying in a statement.

The Ministry of Electronics and Information Technology (Meity) is working to enhance contribution of digital economy to 20 per cent of GDP in the next five years, a senior official said on Tuesday. "We have the vision to take the digital part of the economy from currently 7-8 per cent of GDP to over 20 per cent in the next 5 years," Meity Additional Secretary Rajendra Kumar said while addressing a FICCI event on artificial intelligence (AI).

"This is a massive task before us to sensitise all stakeholders, all ministries and to bring them on-board with this vision of massive transformation, led by digital technologies," the industry chamber quoted him as saying in a statement. Kumar added that AI and other emerging technologies will play a key role in achieving the target, and involvement of all stakeholders is needed, the statement said.

MYGov, National e-Governance Division and Digital India Corporation CEO Abhishek Singh said AI and emerging technologies have the potential to not just propel the economy but also create more jobs. He said the government is working to create cloud-based infrastructure for collaborative platforms which can be used by AI entrepreneurs and start-ups for developing new solutions.

"Ethical data is another very important area. Data, as needed, is primarily used at the aggregate level and not in a way which can be harmful to society. Centre of Excellence for AI has been planned to address such concerns," Singh said..

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