India aims to digitise 20% of GDP by 2025-26: MoS Rajeev Chandrasekhar at global AI summit
Rajeev Chandrasekhar said India has rapidly digitised its economy in the last eight years. The MoS said the country has moved the needle on the digital economy from about 4.5 per cent of the total GDP to a target of 20 per cent by 2025-26 and is at 11 per cent today.
"India has rapidly digitised its economy in the last eight years, we have moved the needle on the digital economy from about 4.5 per cent of the total GDP to a target of 20 per cent by 2025-26. We are at about 11 per cent today but the digital economy and the innovation economy are growing 2.5 or 3 times faster than the non-digital part of the GDP," the MoS for Electronics and Information Technology said during the global AI summit hosted by Britain.
The delegates included international digital ministers, technology sector leaders, top academics and civil society representatives. They discussed shared risks from emerging AI technology and explored mitigations.
Chandrasekhar said the Indian government has maintained that International collaboration "such as this (Global AI summit), international conversations between countries, are extremely important as we move forward to shaping the future of tech at a time and in a year where technology is certainly throwing up the most exciting opportunities ever in the history of mankind. The Global AI Summit is a conference that brings together policymakers, investors, and innovators to discuss AI.
The summit explores the state of AI, investment cases, commitments, and governance. Chandrasekhar said Prime Minister Narendra Modi "has argued for several years that the future of tech, whether it be innovation, whether it be partnerships or indeed the institutional framework for regulating the technology and innovation for
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