May 19, 2024
1 min read

India’s Digital Economy to Hit 20% GDP by 2026

The digital economy is expected to contribute more than 20 per cent to India’s GDP by 2026….reports Asian Lite News

Sustainable development, driven by Artificial Intelligence (AI) will require technology deployment across economic and social sectors, Dr Neeraj Mittal, Telecommunications Secretary, has said.

Highlighting that sustainable development will require the deployment of technology across supply chains, economies and social sectors, he said that telecom is an integral part of it.

The digital economy is expected to contribute more than 20 per cent to India’s GDP by 2026.

According to the government, the digital economy progressed from 4-4.5 per cent of the total GDP in 2014 to more than 11 per cent last year.

“I cannot think that it can happen in any other way except when we have a very robust telecom network system,” he said during a round-table discussion organised by the Department of Telecommunications (DoT) here.

Schemes such as Digital Communication Innovation Square (DCIS) and Telecom Technology Development Fund (TTDF) have supported many entrepreneurs who are now using technologies to solve small or bigger problems individually in their spheres.

The 5G rollout in India has been the fastest around the world.

Mittal said that 100 5G use cases labs, established across the country, are providing opportunities associated with 5G technology by encouraging the development of 5G applications.

More than 30 industry leaders, Original Equipment Manufacturers and startups participated in the roundtable discussion on the topic ‘Sustainable Digital Development Driven by AI.’

ALSO READ: Rishi Sunak’s Wealth Jumps £120M Amid Billionaire Slump

Previous Story

80 candidates in fray for five LS seats in Bihar

Next Story

India Eyes Digital Competition Bill

Latest from Business

Sitharaman Presents India’s Union Budget 2025-26

Union Budget 2025-26: Growth, Inclusivity, and Middle-Class Empowerment at the Core Finance Minister Nirmala Sitharaman presented the Union Budget 2025-26, outlining key priorities to accelerate economic growth, ensure inclusive development, support industries,

Sukoon’s GO SAVER enhances employee savings 

Sukoon introduces GO SAVER to provide secure end-of-service benefit and workplace savings   Sukoon Insurance has officially launched its GO SAVER Employee Money Purchase Scheme, an innovative solution designed to provide secure
Go toTop

Don't Miss

S Korea FM dials Jaishankar, regrets over Hyundai’s Kashmir post

This comes as India summoned the South Korean envoy over

Where Beauty Meets Innovation 

India’s $21-23 billion beauty and personal care market is rapidly