MeitY Secretary releases report on Economic Impact of National Open Digital Ecosystems (NODEs)

C-DEP research claims that GDP will increase by 5% with NODEs

GN Bureau | December 28, 2021


#National Open Digital Ecosystem   #Ministry of Electronics and Information Technology  


 

The Secretary, Ministry of Electronics and Information Technology, Ajay Prakash Sawhney, released the report on “Estimating the Economic Impact of National Open Digital Ecosystems” in the post-India Internet Governance Forum (IIGF) workshops that concluded today. 

The report highlights that opening up of the national systems through Open API’s would lead to an estimated addition of over 5% to the GDP. Such value addition would happen through the innovative services that would get develop on top of the national systems that have already been developed by the government, thus unlocking significant economic value and create high end jobs, besides increasing efficiency in the economy.

While releasing the report Secretary, MeitY said, “National Open Digital Ecosystems, also called as National Public Digital Platforms, is very important for the country. The idea behind these NODEs is to take a domain, unify all the services that are available around it currently and then create frameworks that bring in the data together in a structured way. (This would) Combine the effort of Central, State and Local government entities and create a welcoming framework for startups and small and large enterprises.”

Sawhney added that each platform under NODE can help in tremendous innovation and increase the number of services being provided.  

According to the report, as more and more government digital systems are opened and are made accessible to the industry, more they will be used by the industry for creating innovative offerings that would lead to further economic growth. Analyzing the open systems of the Indian Railways Catering and Tourism Corporation (IRCTC), an estimate has been made of the economic value addition that open systems can contribute to. The study indicates that the economic value is around USD 147.59 billion for year 2019, approximately 5% of GDP.

The report has been authored by Dr Jaijit Bhattacharya, President, Centre for Digital Economy and Policy Research; Prof. P. Vigneswara Ilavarasan, Indian Institute of Technology, Delhi and

 

Comments

 

Other News

‘World’s biggest festival of democracy’ begins

The much-awaited General Elections of 2024, billed as the world’s biggest festival of democracy, began on Friday with Phase 1 of polling in 102 Parliamentary Constituencies (the highest among all seven phases) in 21 States/ UTs and 92 Assembly Constituencies in the State Assembly Elections in Arunach

A sustainability warrior’s heartfelt stories of life’s fleeting moments

Fit In, Stand Out, Walk: Stories from a Pushed Away Hill By Shailini Sheth Amin Notion Press, Rs 399

What EU’s AI Act means for the world

The recent European Union (EU) policy on artificial intelligence (AI) will be a game-changer and likely to become the de-facto standard not only for the conduct of businesses but also for the way consumers think about AI tools. Governments across the globe have been grappling with the rapid rise of AI tool

Indian Railways celebrates 171 years of its pioneering journey

The Indian Railways is celebrating 171 glorious years of its existence. Going back in time, the first train in India (and Asia) ran between Mumbai and Thane on April 16, 1853. It was flagged off from Boribunder (where CSMT stands today). As the years passed, the Great Indian Peninsula Railway which ran the

Vasudhaiva Kutumbakam: How to connect businesses with people

7 Chakras of Management: Wisdom from Indic Scriptures By Ashutosh Garg Rupa Publications, 282 pages, Rs 595

ECI walks extra mile to reach out to elderly, PwD voters

In a path-breaking initiative, the Election Commission of India (ECI), for the first time in a Lok Sabha Election, has provided the facility of home voting for the elderly and Persons with Disabilities in the 2024 Lok Sabha elections. Voters above 85 years of age and Persons with Disabilities (PwDs) with 4

Visionary Talk: Amitabh Gupta, Pune Police Commissioner with Kailashnath Adhikari, MD, Governance Now


Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter