INDIA: INFRASTRUCTURE AND DIGITIZATION
The infrastructure sector is an important one for the Indian economy. The sector bears a high
responsibility for driving the overall development of India and enjoys an intense government focus on initiating policies that would ensure the time-bound creation of world-class infrastructure in the country.
The infrastructure sector in India is expected to grow by around 7 % annually . The government plans to invest about INR 102 billion in infrastructure projects by 2024-25.
Digital India was aunched by the Government of India, Digital India is a program to develop India in a learning future and involves various government departments. The objective of the program is to establish better connect between citizens and the government via e-services and deliver government services in a cost effective and transparent manner. Deep penetration of telecom and internet, combined with government’s focus to develop digital infrastructure, have laid the foundation for a digital economy. The Digital India Stack is now the global benchmark for most countries and provides a competitive advantage for growing businesses. Wide-scale adoption of Unified Payments Interface (UPI) or digital payments by 260m unique users has enabled formalization of the digital economy.
For any further questions please do not hesitate to contact us.
Außenwirtschaftscenter New Delhi
Mr. Ravi Shankar
E: newdelhi@advantageaustria.org
T: +91 11 43635020
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