India may leverage LoCs to pitch its DPI stack to developing nations
Mint reported that India is considering reforming the lines of credit (LoCs) it grants to other countries to improve its economic diplomacy. So far, India has extended over 300 lines of credit to 65 countries with an estimated value of $30 billion.
Meanwhile, out of 166 countries globally, only 24% of government organizations are classified as digitally advanced, delivering against transformation-focused digital initiatives, according to the digital public infrastructure Playbook for nations released by Deloitte recently. The report stated that DIVOC, a digital public good from India used to generate secure and verifiable covid vaccination certificates in various countries, such as Sri Lanka, Jamaica, and Indonesia, enabled a vaccination credentialing backbone for many countries and supported trade and borders openness amidst the pandemic in a timebound manner.
“Indian stack is a set of solutions that have been tested for scale, social impact and citizen experience and acceptance. Besides that, some of them are quick to deploy too as one-click deployments on cloud," said NSN Murty, partner and consulting leader, government & public services, Deloitte India.
“The adopter nations can pick up the solutions with minimal process reforms, deploy them as pilots and scale them fast. Also, this allows for the local technology ecosystem to create innovations on top of the quick deployments," he added.Milestone Alert!
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