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

Airbnb Boosts India Economy

Among international guests, the largest inbound sources were the United States, United Kingdom, Canada, and Australia Hospitality giant Airbnb made a significant impact on India’s economy in 2024, contributing Rs 113 billion

Deadline Nears, India–EU Talks Heat Up

The success or failure of this round will shape how the two sides proceed, especially on difficult issues that have long blocked progress….reports Asian Lite News India and the European Union on

Gold Shines Bright Amid Global Jitters

Gold and silver continued their bullish run on Monday, scaling new highs amid mounting global uncertainties, heightened geopolitical tensions, and growing expectations of a US Federal Reserve rate cut. According to the

ADNOC signs 15-year LNG deal with Indian Oil

Under the deal, LNG cargoes can be delivered to any port across India, enhancing the country’s energy security and meeting its rising energy demand. Abu Dhabi National Oil Company (ADNOC) has signed

Canada to lift counter-tariffs on US goods

Canadian Prime Minister Mark Carney has announced that Ottawa will remove its counter-tariffs on US goods covered under the Canada-US-Mexico Agreement (CUSMA), beginning 1 September. The move marks a partial easing of
Go toTop

Don't Miss

India will always stand with Lanka, says Jaishankar

Jaishankar told Rajapaksa that India has always stood with Sri

Moldova seeks deeper education ties with India 

On his first visit to India, Percium held discussions with