2020 Digital India: Poised To Become 1$ Trillion Economy

Digital India

With the increase in the use of the internet the potential of doing business online and getting customers online also increases due to which Central Government decided to make its Digital India Campaign a huge success. The intention is made clear by Ravi Shankar Prasad, one of his cabinet ministers as he said “Digital India will reach $1 trillion in the next 5 years.”

Achievements highlighted by Mr. Ravi Shankar Prasad

Addressing Policy Paralysis

Due to many reasons the policies made by the Central Government to make digital life easier for businesses and consumers were not cleared before. But now they are crystal clear:

  • Spectrum sharing
  • Full mobile number portability
  • Sharing of passive and active infrastructure
  • Virtual network operator
  • Spectrum trading
  • Spectrum liberalization
  • Defense band identification

Better governance and transparency

With government’s increased vigilance, all the procedures and work processes have become transparent. Shifting to better governance has increased the revenue from the Spectrum Auctions 2015 to around Rs. 1.10 Lac crore for the government.

Transformation of BSNL

The loss of 8000 Crores of BSNL in 2013-14 got recovered along with a profit of 2000 Crores in 2015-16 financial year. TRAI data reported that due to better services and connectivity BSNL gained 23 lakh new mobiles and an achievement like 2,000 Wi-Fi hotspots at Pan-India cannot be ignored.

A great increase in new mobile connections

There seemed to be a huge increase in the number of mobile connections, as it crossed 12.26 crores from 2014 to 2016, making the total statistics point to around 102.71 crores increasing the mobile Tele density of 80.95%. 55,669 villages will be a part of comprehensive mobile connectivity plan by 2019 as assured by the government.

Increasing FDI in India

In the last two years’ telecom Foreign Direct (FDI) has shown an increase of about $ 2.49 billion, raising it to $4.09 billion i.e., INR 27,000 crore.

IT Sector Achievements

The next aim of India is to develop its own supercomputer as early as 2017. The motivation and impetus come from increasing IT revenues ($143 billion, with exports for more than $108 billion).

It’s just the beginning of new growth.

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