Prasad to meet IT industry on digital economy roadmap | Current Affairs, Current Affairs 2017

Prasad to meet IT industry on digital economy roadmap

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IT Minister Ravi Shankar Prasad is slated to meet the industry to discuss the roadmap for India to become a $1 trillion digital economy in the coming years.

This is a follow-up to a similar meeting held in June this year with tech leaders where the minister had exhorted the industry to help India build a $ 1 trillion digital economy over the new few years by creating affordable technology and an inclusive environment.

The country’s digital economy is estimated at $ 450 billion presently.

“There is a presentation on digital economy.This will be a follow-up of a meeting held earlier this year,” Prasad said.

IT industry representatives as well as secretaries of various government departments are expected to participate in the closed-door discussion, which will also review the progress made after the first meeting in June.

“This will essentially be a consultation on the roadmap for digital economy,” said Ajay PrakashSawhney, Secretary, Ministry of Electronics and Information Technology.

“The idea is to understand imperatives for the government and industry in tapping the opportunity,” said Chandrashekhar, who will attend the meeting.

India is aspiring to become a $ 1 trillion digital economy in next few years, given the slew of opportunities in areas like IT and IT enabled services, e-commerce, electronics manufacturing, digital payments and cyber security.

The latest round of discussion assumes significance as it comes at a time when the industry, both electronics and software, is engaged in pre-Budget consultations with the government.

Earlier this week, the software industry, under the aegis of Nasscom, had sought a resolution of the issues related to service tax refunds and GST during the pre-Budget meeting with Finance Minister ArunJaitley.

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