Value Of Indian Digital Economy Will Reach $1 Trn By 2025: PM

Today when the whole world is focusing on post-Covid recovery, then the role of Brazil, Russia, India, China, and South Africa (BRICS) countries will continue to remain very important again, said Prime Minister Narendra Modi on Thursday. 

The Prime Minister said that in order to deal with the economic problems arising out of the pandemic, in India we have adopted the mantra of "reform, perform and transform".

"And the results of this approach are evident from the performance of the Indian economy. This year, we are expecting 7.5 per cent growth, which makes us the fastest-growing major economy," Modi said. 

Talking about India, he said that transformative changes are taking place in every sector in the emerging 'New India'.

"A key pillar of India's current economic recovery is technology-led growth. We are supporting innovation in every sector. We have made innovation-friendly policies in many areas like space, blue economy, green hydrogen, clean energy, drones, geo-spatial data, etc," he added. 

Today, India has one of the best eco-systems in the world for innovation, which is reflected in the growing number of Indian startups. During the pandemic, India continued to make many efforts to improve the ease of doing business, the Prime Minister said. 

There are approximately 36 per cent women out of 4.4 million professionals working in our IT sector. The maximum benefit from Technology-based financial inclusion has also been given to the women in our rural areas, Modi mentioned. 

He added that the BRICS Women Business Alliance can undertake a study on this transformative change in India.