India eyes $1 trillion digital opportunity

Ropes in McKinsey to draw roadmap

May 23, 2017 07:44 pm | Updated 09:42 pm IST - New Delhi

IT Minister Ravi Shankar Prasad. File phto

IT Minister Ravi Shankar Prasad. File phto

The Centre aims to grow India’s digital economy to $1 trillion by 2022, Electronics and IT Minister Ravi Shankar Prasad said.

He said the Centre had roped in consulting firm McKinsey to help draw a roadmap to achieve this target.

“India will become a trillion dollar economy,” said Mr. Prasad.

“How will it become a trillion dollar economy, that roadmap will talk about what the government needs to do, what the industry needs to do…. Different sectors such as healthcare and education, what they need to do,” he said.

Currently the digital economy, which includes sectors such as fintech, communications, e-commerce, cyber security and electronics, in India is pegged at about $270 billion.

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