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

Bridging wellness and heritage: Yoga at Meghalaya’s Living Roots

In a fusion of tradition, nature, and well-being, yoga practitioners unrolled their mats at one of India’s most astonishing natural marvels—the ‘Double Decker Living Root Bridge’ in Meghalaya. Against a backdrop of misty hills, gushing waterfalls, and the whisper of ancient roots, t

India’s new nuclear energy strategy

India’s 2025 budget has introduced a focus on reforms across six specific domains, and one of which is the power sector. The strategy involves bolstering the nation’s economic development through its proposed engines of agriculture, MSMEs, investment and exports. The fuel for this development,

Give and take: The essence of living!

We live in a world which is characterised by “Parasparopagraho Jīvānām”. This is a Jain aphorism from Tattvarth Sutra, the most authoritative sacred text of Jains [https://en.wikipedia.org/wiki/Tattvartha_Sutra]. Th

Celebrating a decade of the Raisina Dialogue

Raisina Chronicles: India’s Global Public Square Edited by S. Jaishankar and Samir Saran Rupa Publications, 232 pages, Rs 595

Microsoft, Gates Foundation to work with Maharashtra on AI in digital governance

Microsoft co-founder and philanthropist Bill Gates along with representatives of the Gates Foundation on Thursday met Maharashtra chief minister Devendra Fadnavis and discussed collaborating on use of artificial intelligence (AI) in health, agriculture and infrastructure in the state. A stat

TMC, IAEA sign MoU for ‘Rays of Hope’ Anchor Centre Initiative

Tata Memorial Centre (TMC), a grant-in-aid institution under the Department of Atomic Energy, Government of India, and the International Atomic Energy Agency (IAEA) on Thursday signed a Memorandum of Understanding (MoU) recognizing TMC as an "Anchor Centre" for IAEA’s Rays of Hope initiativ

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