IGI Logo

National Association of Software and Service Companies (NASSCOM) in its latest report has said that digital public infrastructures (DPIs) such as Aadhaar, UPI (Unified Payments Interface), and FASTag generated a value of $31.8 billion in 2022, contributing 0.9 per cent to India's GDP, and the contribution is projected to increase 2.9-4.2 per cent by 2030. It said Indian DPIs' foundational layers are based on transparency and trust, which promotes paperless transactions, reduces bureaucracy, and advances the concept of digital identity and document management.

According to the report, by 2030, adoption across matured and budding DPIs has the potential to scale up. The economic value add of these DPIs by 2030 has the potential increase to 2.9-4 per cent of GDP from 0.9 per cent in 2022. It said that presently over 30 countries are either adopting or in early discussions to implement India's DPIs like UPI, Aadhaar, and Beckn in their countries for boosting social and financial inclusion. India leads globally in developing DPIs, driving societal transformation through inclusive digital adoption and substantial contributions to the Indian economy.

The report further said DPIs hold vast potential in revolutionising the entire Indian economy and the world and paints a hopeful picture of an interconnected, open, inclusive world with infinite possibilities, empowering each and every one across the globe. India's position as a global leader in developing DPIs has been enabled by the support of the government, the IT intellectual capital, and the start-up ecosystem.