India's Digital Renaissance
Business Today India|September 15, 2024
India’s rapid adoption of technology and digital infrastructure is revolutionising governance, empowering citizens, and driving economic growth
RAJEEV CHANDRASEKHAR
India's Digital Renaissance

THE LAST 10 years have witnessed a significant transformation in India. The Indian economy has become the fifth largest in the world and is currently the fastest-growing large economy globally. Over this decade, the government’s Budget has tripled from ₹16 lakh crore to ₹48 lakh crore. Among many milestones, one stands out for symbolising India’s qualitative transformation—the leadership of the Narendra Modi government.

For decades, Indian governance was characterised by dysfunctionality and corruption. This was famously described by Rajiv Gandhi in the late 1980s when he noted that out of every ₹100 allocated, only ₹15 reached its intended recipient. This leakage, corruption, and inefficiency defined India’s governance for six and a half decades after Independence until Prime Minister Narendra Modi assumed office, bringing with him a vision of ‘Maximum Governance’.

We are living in an era of remarkable technological transformation. This shift is no longer about potential—it is now a reality that is reshaping economies and improving lives. In India, we have seen firsthand how technology can empower countries that were once marginalised, enabling them to leap into a new era of opportunities.

From the outset, PM Modi embraced technology as the catalyst for achieving his goal of Maximum Governance. He envisioned technology applications built on the foundation of Aadhaar, India’s digital ID, to enable direct connections between the government and citizens’ bank accounts. This vision has evolved into IndiaDPI (India’s Digital Public Infrastructure), a stack of applications at the heart of India’s digital government architecture.

This story is from the {{IssueName}} edition of {{MagazineName}}.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

This story is from the {{IssueName}} edition of {{MagazineName}}.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

MORE STORIES FROM BUSINESS TODAY INDIAView all
The EV Craze
Business Today India

The EV Craze

The country’s growing luxury car market is seeing a shift with environmentally-conscious consumers betting on electric vehicles as a sustainable travel option. Though just 6%, the share of EVs in the luxury segment is rising rapidly

time-read
5 mins  |
November 10, 2024
The Storage Boom
Business Today India

The Storage Boom

Data centres are being built at a frenetic pace in india as companies scramble to meet the ballooning demand from mobile phone users and firms adopting al. Can the country’s energy infrastructure keep up?

time-read
8 mins  |
November 10, 2024
India Beckons
Business Today India

India Beckons

Owing to rising incomes in India and overall wealth expansion, luxury brands are wooing the country like never before

time-read
4 mins  |
November 10, 2024
The Pearls of The Sea
Business Today India

The Pearls of The Sea

Caviar, that rare food, is considered the epitome of fine dining. Here is everything that you need to know about it

time-read
4 mins  |
November 10, 2024
66.Brand persona should define the core"
Business Today India

66.Brand persona should define the core"

I’d say this was a strategic pivot. We had an iconic brand, but had, over time, evolved into diversified lines of businesses that could no longer be represented within the confines of our ‘name’.

time-read
1 min  |
November 10, 2024
Unwind in Style
Business Today India

Unwind in Style

Here is acomprehensive list of top tech picks that help you unwind by blending perfection in performance with luxury

time-read
3 mins  |
November 10, 2024
A Lifelong Affair with Inspiration
Business Today India

A Lifelong Affair with Inspiration

In my art journey, the diversity of my acquisitions mirrored the expanding horizons of my understanding of art

time-read
3 mins  |
November 10, 2024
Make it Bubbly
Business Today India

Make it Bubbly

Champagne is much more than just a symbol of celebration and success. Know about its nuances beyond the bubbles

time-read
4 mins  |
November 10, 2024
Palatial Splendour
Business Today India

Palatial Splendour

Buoyed by renewed demand, sales of the glitzy mansions of the ultra-rich are surging like never before. Real estate majors are looking to capitalise on this by launching luxury offerings in record numbers

time-read
7 mins  |
November 10, 2024
Of Beaches and Cream
Business Today India

Of Beaches and Cream

GianChand Single Malt Whisky

time-read
1 min  |
November 10, 2024