Gandhinagar: Union minister Rajeev Chandrasekhar on Thursday mentioned that the digital economy will contribute 20 per cent of India’s gross home product (GDP) by 2026. Chandrasekhar, who’s Union Minister of State for Electronics and Information Technology, was talking on the inaugural operate of ‘Startup Conclave 2023’ organised by the Gujarat authorities at helipad floor in Gandhinagar.
Rajeev Chandrasekhar on digital economy
“In 2014, the digital economy was around 4.5 per cent of the GDP and today it is 11 per cent. By 2026, the digital economy will account for 20 per cent or one-fifth of the Indian GDP,” he mentioned.
Chandrasekhar highlighted that the targets and ambitions established by Prime Minister Narendra Modi throughout the initiation of the ‘Digital India’ program in 2015 have qualitatively and qualitatively remodeled the Indian economy, innovation ecosystem, and the nation’s international standing.
He additional mentioned that India’s place has remodeled from being the patron of expertise for practically three a long time to being the producer of gadgets, merchandise and platforms for the world. “It was a remarkable transformation during the last nine years under the PM. Our economy, which was once dominated by a few groups or segments, has now become a highly diversified economy,” mentioned the minister.
India has now grow to be fastest-growing digital economy
The Union Minister asserted that India has now grow to be the fastest-growing digital economy on this planet. “This is the most exciting time in the history of independent India that we are living in. This is the most exciting time for the innovation and technology sector in India ever. I am saying this look how far our innovation ecosystem and digital economy have grown since 2014 when Prime Minister Narendra Modi assumed office,” he mentioned.
Chandrasekhar expressed that probably the most opportune interval for startups and innovation is but to unfold, stating that the upcoming decade will probably be a interval plentiful with alternatives for startups and innovation.
The Gujarat Education Department has organised this occasion intending to convey startup innovators and traders on a typical platform to alternate concepts and alternatives.
