‘If India can do it, so can...: Nobel Laureate Prof Paul Romer on India's digital transformation

Nobel Laureate and former Chief Economist of the World Bank Professor Paul Michael Romer has hailed India's growth in the field of digital revolution.The Nobel Laureate said that South Asian nations can benefit heavily by studying India's digital growth and also pointed out its unique features. The lives of people in India were made simpler and easier due to India's digital revolution according to Paul Michael Romer.
"Digital revolution here is very interesting because it is being used by the government to provide benefits to all members of society. This is very different from most countries of the world, where the target is only a lucky few beneficiaries. India's story is unique because it is providing benefits to all," he said to news agency IANS.

He also said that online services like UPI, DBT, Digilockers and more have shown tremendous success and the Southern nations could emulate it for writing a similar success story for them.

"Other countries, particularly in the South should believe that if India can do it, we can also do it. They can draw inspiration and confidence from India and harbour an ambition to create a success story. They don't need to be dependent on rich countries, rather should initiate work based on their own ground realities," he told the mediapersons.

When questioned about India's astounding success in digitising the economy despite very limited online literacy, he said that he has always been a strong votary of technology as a great enabler.