Digital Public Infrastructure is dependent on the robustness of telecommunication networks. In India, mobile connectivity prevails with low penetration of fixed lines. The proposal to establish 5G labs in engineering institutions for the development of applications in diverse sectors such as education, agriculture, transport systems, manufacturing, and healthcare is a positive step.
India, now the world’s most populous country, faces the challenge of providing opportunities for its 900 million strong workforce and capitalizing on the demographic dividend. The initiation of thirty centers under the Pradhan Mantri Kaushal Vikas Yojana 4.0 for the training of young individuals in areas such as Artificial Intelligence, robotics, mechatronics, IOT, 3D printing, drones, and soft skills is an effort towards equipping them with the necessary skills for availing future opportunities.
With an estimated annual economic output growth of over $400 billion and the potential to exceed $500 billion post-2028, India is poised to be one of only three economies capable of such growth. This can be achieved through the substantial allocation of 3.3% of GDP towards physical infrastructure, considering the moderate private sector investment outlook and the global economic and monetary scenario. However, the realization of this growth potential is contingent on a robust digital public infrastructure.
This article was originally published in Financial Express on 8 February 2023 Written by: Jaideep Ghosh, COO. Click here for original article