In a dynamic discussion on Akashvani's Spotlight program, economic analyst Sushma Ramachandran and anchor Lalima Aneja Dang delved into the significance and key priorities of the G20 Meeting on the Digital Economy, highlighting India's burgeoning digital prowess and global leadership.
The discussion began by acknowledging that the traditional economic landscape is rapidly evolving, with digital technologies reshaping production, distribution, and trade worldwide. India, as the host nation, has a unique opportunity to share its expertise in digital infrastructure and governance with other G20 members.
Sushma Ramachandran emphasized the pivotal role India plays in the digital economy, citing impressive statistics such as 800 million internet users and over 107 unicorns valued at $340.79 billion. She lauded India's achievements in digital governance, including the successful vaccination drive during the COVID-19 pandemic, which relied on digital certificates and reached even the remotest corners of the country.
Addressing the question of whether India's digital leadership could propel it beyond its "Developing Nation" status, Sushma explained that while India has made significant strides, it still faces challenges related to poverty. However, in terms of digitization, India surpasses many developed economies.
The discussion then shifted to the India stack, a set of APIs and digital infrastructure that has revolutionized financial transactions, with 40% of global digital transactions now occurring in India. Traditional sectors, from finance to marketing and human resources, are all embracing digitization to stay competitive.
The conversation also explored the role of futuristic skills in the digital economy's growth, with a particular focus on artificial intelligence. Both guests stressed the need for international collaboration on regulating AI and addressing cybersecurity challenges, as cyberattacks increasingly target governments and critical infrastructure.
In the context of the G20's diverse membership, Sushma emphasized the importance of diplomatic finesse in achieving consensus on critical issues. India's role as a bridge between developed and developing nations could facilitate fruitful discussions, even amid geopolitical tensions.
As the G20 Meeting on the Digital Economy unfolds, the world looks to India for leadership in shaping a digital future that benefits all nations. The discussion on Akashvani's Spotlight program underscores India's growing influence and the vital role it plays on the global stage in the digital era.
Listen to full discussion at : https://www.youtube.com/live/mtTIu-pBS44?feature=share
