Context:
Indian Council for Research on International Economic Relations (ICRIER) published the State of India’s Digital Economy (SIDE) Report 2024
State of India’s Digital Economy Report 2024:
- India ranks as the 3rd largest digitalized economy globally, following the US and China.
- Contribution of Digital Economy – In 2022-23, the digital economy contributed 11.74% to GDP, with projections to rise to 13.42% by 2024-25.
- It employs 2.55% of the workforce, with productivity 5 times higher than the overall economy.
- By 2029-30, the digital economy is expected to contribute 20% of GDP, surpassing agriculture and manufacturing.
- Sectoral Breakdown – The traditional ICT sector is the largest contributor to the digital economy.
- New digital industries, including Big Tech and platforms, account for nearly 2% of GVA.
- State-Level Disparities – States like Karnataka, Maharashtra, Telangana, Gujarat, and Haryana exhibit higher digitalisation levels compared to poorer states.
Related Initiatives:
- BharatNet – To provide high-speed broadband connectivity to all Gram Panchayats in India.
- ONDC (Open Network for Digital Commerce) – To create a digital ecosystem for small businesses and traders to connect with buyers and sellers seamlessly.
- UPI (Unified Payments Interface) – To facilitate real-time payments between bank accounts through a mobile platform.
- Jan Dhan Yojana (PMJDY) – To provide affordable access to financial services such as bank accounts, insurance, and pension schemes to all households in India.
Source: PIB
Previous Year Question
Consider the following:
1. AarogyaSetu
2. CoWIN
3. DigiLocker
4. DIKSHA
Which of the above are built on top of open-source digital platforms?
[UPSC Civil Services Exam – 2022 Prelims]
(a) 1 and 2 only
(b) 2, 3 and 4 only
(c) 1, 3 and 4 only
(d) 1, 2, 3 and 4
Answer: (d)