Dr. Devesh Tyagi, CEO of NIXI: RS. 95,298 Crore IT & Telecom Investment to Strengthen GDP, Digital Inclusion, and Innovation, Paving the Way for India’s USD 1 Trillion Digital Economy
Dr. Devesh Tyagi, CEO NIXI
The ₹95,298 crore allocation for IT and telecom will be a game-changer, driving GDP growth and strengthening India’s digital backbone. High-speed broadband for schools and health centers will accelerate digital inclusion, boosting education and telemedicine in rural India. BharatTradeNet will cut trade documentation time by over 50%, enhancing MSME competitiveness in global markets.
The ₹20,000 crore push for private sector-led R&D will fast-track advancements in semiconductors and emerging tech, making India a key player in global supply chains. Meanwhile, a revamped KYC registry and Grameen Credit Score framework will expand financial access for millions. These measures will fuel innovation, attract investments, and propel India toward a $1 trillion digital economy.
For entrepreneurs, the creation of a New Fund of Funds for Startups, with an additional ₹10,000 crore, provides a massive boost, fueling a big push for India’s startup ecosystem and creating new opportunities for growth and innovation.