Open digital systems to unlock $700 billion opportunities
Indian platforms - Aadhaar, UPI, and CoWIN are among three of the largest public digital platforms in the world.
By 2030, India will witness the unlocking of more than $700 billion worth of business opportunities through open digital platforms, according to a report by industry apex body Nasscom. These opportunities will be across sectors like healthcare, agriculture, MSMEs, education, and e-land records etc.
3 of the largest public digital platforms from India
According to the report titled Digital India: The Platformisation Play, Indian platforms – Aadhaar, UPI, and CoWIN are among three of the largest public digital platforms in the world. The apps have substantially fast-tracked the country’s mission to digitalisation and become integral to its $5-trillion dollar economy aspiration.
Ajay Sawhney, secretary, MeitY said that it is commendable to see how these platforms have over the world with a shift from products to platforms. He also added that the government aims to witness a huge transformation in this space as they are working to make the government services available to people in a more efficient yet convenient manner.
The report was unveiled at the Nasscom Cloud Summit. Sawhney pointed out that these platforms can not only help in bridging the silos but also help us organising the data with the help of technology, creating tremendous value for all stakeholders.
The co-founder and chairman of Infosys and founding chairman of UIDAI, Nandan Nilekani said, “Digital platforms help in the systematic creation of value generation. The collaborative way of getting AI, data empowerment, and digital lending are some areas where we will be focusing on in the near future.”
The president of Nasscom India, Debjani Ghosh said that the robust public digital platforms form the bedrock of the country’s digital advantage.