The recent experience of India has demonstrated that if digital architecture is made inclusive, it can bring about socioeconomic transformation. Citizens in the majority of developing countries in the world lack any kind of digital identity. The proper use of digital technologies can become a force multiplier in the decades-long global fight against poverty, said Prime Minister Narendra Modi while addressing the G-20 Summit’s session on digital transformation, in Bali on Wednesday.
“Can we take a pledge together that in the next ten years we will bring digital transformation in the life of every human being, so that no person in the world will be deprived of the benefits of digital technology?” Modi said, adding, “During its G-20 Presidency next year, India will work jointly with G-20 partners towards this objective. The principle of ‘data for development’ will be an integral part of the overall theme of our Presidency ‘One Earth, One Family, One Future’.”
India is a global leader in financial inclusion today. India has developed digital public goods whose basic architecture has in-built democratic principles. These solutions are based on open source, open APIs, open standards, which are interoperable and public. The UPI is a case in point. “Last year, over 40% of the world’s real-time payment transactions took place through UPI. Similarly, we opened 460 million new bank accounts on the basis of digital identity. Digital use can bring scale, speed and transparency. In India, we are making digital access public, but at the international level, there is still a huge digital divide,” the PM added.
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