Digital economy to contribute 20% of India's GDP by 2026: MoS IT Rajeev Chandrasekhar
Rajeev Chandrasekhar on Thursday said that the digital economy will contribute 20 per cent of India's gross domestic product (GDP) by 2026.
The Union minister of state for electronics and information technology, skill development and entrepreneurship was speaking at the inaugural function of 'Startup Conclave 2023', organised by the Gujarat government at helipad ground in the state capital.
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Offering CollegeCourseWebsiteIIM KozhikodeIIMK Senior Management ProgrammeVisitNorthwestern UniversityKellogg Post Graduate Certificate in Product ManagementVisitIIM LucknowIIML Executive Programme in FinTech, Banking & Applied Risk ManagementVisit«In 2014, the digital economy was around 4.5 per cent of the GDP and today it is 11 per cent. By 2026, digital economy will account for 20 per cent or one-fifth of the Indian GDP,» he said.
According to Chandrasekhar, targets and ambitions set by Prime Minister Narendra Modi when he launched the 'Digital India' programme in 2015 have transformed «qualitatively as well as quantitatively our economy, our innovation ecosystem and our position as a nation in the world».
India's position has transformed from being the consumer of technology for nearly three decades to being the producer of devices, products and platforms for the world, he said.
«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,» said the minister.
He asserted that India has now become the fastest growing digital economy in the world.
«This is the most exciting time in the history of independent India that we are living in. This is
