By 2026, the contribution of digital economy will be 20 percent in the country’s GDP, IT Minister said this

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Union Minister of State for Electronics and Information Technology Rajeev Chandrasekhar has said that by 2026, the contribution of digital economy to the country’s gross domestic product (GDP) is estimated to be more than 20 percent. Addressing the G-20 Digital Innovation Alliance Summit in Bengaluru, Chandrasekhar said that India is a major country which has adopted technology very fast and has now started offering solutions to the world.

He said, the contribution of digital economy to GDP was 4 to 4.5 per cent in 2014, which has increased to 11 per cent today. And we estimate that by 2026, the contribution of the digital economy to GDP will be more than 20 percent.

Chandrasekhar said that India has embraced technology not only for innovation in the broadest sense, but also for providing real solutions. Due to this, there has been a change in people’s life, governance system and democracy in the last few years.

Complimenting Prime Minister Narendra Modi for his vision of maximum use of digital technology, the minister said that he has called the coming decade as ‘TECHD’ (decade of technology).

Chandrasekhar said, in many ways our Prime Minister encouraged young Indians that ‘India Teched’ will be built and designed through the determination, energy and creativity of young startups from across the country and the world.

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