Ever since the advent of Digital Media, world economies are using it for either benefit of the masses or in some autocratic countries, the trend is to use it against them. Unlike countries like China, which use surveillance to oppress its people, India uses it in every possible way to encourage its Digital India mission. From the introduction of the Aadhar Card as a single Identity card that is completely digitized to UPI as a mode of transaction without creating a wallet, the country has come a long way in creating a sustainable and enabling Digital Infrastructure that comes as a model for other countries to look up to and implement.
The power of Digital Technology is being well understood by the Indian Government. Thanks to the current PM, Mr Modi, Digitalization and the digital India program is being supported and furthered is at a magnificent pace. It is this understanding which makes us realize that India’s stature on an international level, unleashing its economic potential and expanding the scope of transforming Indian Society. But India has a long journey when it comes to spreading digital infrastructure to every citizen, right from telecom services to the availability of software technology. What is commendable is that as a developing and third world country, it has been a bastion of the digital revolution, embracing a Digital India vision. For the actualization of this digital India movement, India hasn’t been restricted to just public sectors but also has allowed private sectors to bring their innovations and inputs, thus bringing in a surge in its digital transformation success stories.
The introduction of Aadhar was a masterstroke. It was a government’s way to walk on a paperless economy model, a completely digital authentication system, IndiaStack conceptualized Aadhar Card where along with Aadhar Number, biometrics were also as well for the verification process. Aadhar has now more than 1.1 million IDs, making India the leader in digital ID technology. This innovation shows a promising future of how public and private partnership in radicalizing the Indian economy towards a digital ecosystem is possible and sustainable. The benefit of Aadhar is in the significant reduction in the process which is called Know Your Customer (KYC). It is also growing the formal financial order, via UPI in India, which is inclusive.
Through these innovations, India can be an advisor to other countries that are at a disadvantageous state and don’t know how to further their economies. While China is becoming a leader in brick and mortar infrastructure like One Belt, One Road Initiative. This isn’t an alleged assumption as India is being seen as a leader in digital platforms as well as experiences that other countries wish to replicate. Aadhar’s biometric identity is being highly spoken about. The one way to do so would be developing a strategy by the Indian government which can be pivotal for countries who genuinely want India to lead and develop their digital economy on India’s Model and learn from the digital transformation success stories in India.
Digital is the future and a country like India understanding and multiplying it shows the calibre and vigour India possesses to become a giant in the world. We know the digital infrastructure in India has been advancing in leaps and bounds. So far, the digital India story has been a resounding success, and it will be exciting to see what is in store!