HomeNewsBusinessAnnouncementsEconomic Survey 2023: Digital public infrastructure can add up to 100 bps to GDP growth rate

Economic Survey 2023: Digital public infrastructure can add up to 100 bps to GDP growth rate

Low-cost accessibility through Aadhaar, the success of citizen-centric services like Unified Payments Interface, large-scale adoption and reach of DigiLocker and MyGov, and the vaccine journey through Co-Win are important and successful milestones in India’s public digital infrastructure journey

January 31, 2023 / 19:38 IST
Story continues below Advertisement
IMF forecasts show an acceleration in India's GDP growth rate, says CEA V Anantha Nageswaran.
IMF forecasts show an acceleration in India's GDP growth rate, says CEA V Anantha Nageswaran.

India's digital public infrastructure (DPI) can add around 60-100 basis points (bps) to the country’s potential GDP growth rate and there is a lot of justified optimism around it, said chief economic advisor V Anantha Nageswaran while presenting the Economic Survey of 2023.

“There is lots of justified optimism about India's digital public infrastructure. The digital infrastructure can help the hitherto excluded sections get a fair shot at accessing national and international markets,” Nageswaran said on Tuesday.

Story continues below Advertisement

 

DPI are solutions and systems that enable the provision of essential society-wide functions and services in the public and private sectors. This includes digital forms of identification and verification, civil registration, payment (digital transactions and money transfers), data exchange, and information systems. DPI was introduced in India in 2009 when Aadhaar was first launched.