Prime Minister Narendra Modi with Indonesian President Joko Widodo and other world leaders during a working session on Digital Transformation at the G20 Summit in Bali, Indonesia on November 16, 2022. Photo Credit: PTI
Digital transformation should not be confined to a small section of mankind and its great benefits will be achieved only when digital access becomes truly inclusive. Prime Minister Narendra Modi but said G-20 Summit On 16 November.
Mr Modi said India’s experience over the years has shown that digital architecture, if made widely accessible, can bring about socio-economic transformation.
In a session on digital transformation, the Prime Minister said the principle of “data for development” would be an integral part of the overall theme of India’s upcoming G-20 chairmanship. India will assume the presidency of the G20 for one year from December 1, 2022.
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“Digital transformation is the most remarkable transformation of our era. Appropriate use of digital technologies can become a force multiplier in the decades-long global fight against poverty,” said Mr. Modi.
“Digital solutions can also be helpful in the fight against climate change – as we have all seen in the examples of remote-working and paperless green offices during the COVID-19 pandemic,” he said.
The Prime Minister said that these benefits can be realized only when digital access is truly inclusive and the use of digital technology is truly widespread.
“Unfortunately, so far we’ve only seen this powerful tool harnessed by simple business parameters, tying this power to the profit and loss books,” he added.
“It is the responsibility of us G20 leaders to ensure that the benefits of digital transformation are not limited to a small part of the human race,” he said. Shri Modi said that the use of digital can bring scale and speed in governance and bring transparency.
He said, “India has developed digital public goods, which have democratic principles embedded in their infrastructure. These solutions are based on open source, open API, open standards, which are interoperable and public.”
“This is our approach based on the digital revolution underway in India today. For example, our Unified Payments Interface (UPI),” he said. Mr Modi said that last year over 40% of the world’s real-time payment transactions took place through UPI.
“Similarly, we opened 460 million new bank accounts based on digital identity, making India a global leader in financial inclusion today. Our open source Covin platform created the largest vaccination drive in human history, which has been successful even during the pandemic Stayed.” Told.
The Prime Minister said that citizens of most of the developing countries of the world do not have any kind of digital identity.
“Only 50 countries have digital payment systems. Can we together resolve that in the next ten years we will bring a digital transformation in the lives of every human being so that no one in the world is left out of the benefits of digital technology.” ” He mentioned.
“During its G-20 Presidency next year, India will work jointly with G-20 partners towards this objective. The principle of “Data for Development” is part of the overarching theme of our Presidency “One Earth, One Family, One future”, “he said.