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DIGITAL INDIA: DIGITAL PUBLIC GOODS PLATFORMISATION PLAY

August 24, 2021 4311 0 Digital Transformation

DIGITAL INDIA: DIGITAL PUBLIC GOODS PLATFORMISATION PLAY

India has set itself an ambitious goal of becoming a $5 trillion economy by the year 2025 and Digital India initiatives are pivotal in helping achieve the same. With government as the enabler, India has adopted a unique platformisation strategy by building public digital platforms across sectors. These platforms are playing a key role in enhancing government-citizen engagement by empowering citizens, ensuring ease of governance and ease of doing business. The success of these platforms in India is driven by their low-cost development, interoperable design & large scale adoption and reach. The objective of this report is to highlight notable Indian public digital platforms and the population scale impact delivered by them.

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Key Highlights

  1. Digital India initiatives pivotal for India’s  competitiveness
  • Enhancement of India’s competitiveness index scores
  • Broken data silos & created shared tech infrastructure
  • Enabled the formation of multi-stakeholder ecosystems

 

  1. Low-cost inclusive digitalization at-scale in India
  • 3 of the largest public digital platforms in the world are from India
    • Aadhar – Largest unique digital identity platform
    • UPI – Largest digital payments ecosystem
    • CoWIN – Largest vaccination platform

 

  1. Open digital ecosystems - $700+ bn. opportunity for India
  • Economic, societal and governance impact potential of digital platforms across these 10 areas
  • Creation of new value of $500+ bn. 5.5% of India’s GDP
  • Generation of $200+ bn. in savings to the country

 

  1.  Expansion and adoption of Indian platforms globally
  • Adoption of Indian digital platforms for inclusive global growth
  • Expansion of BHIM, UPI to other countries
  • CoWIN to be open source and made available to countries

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