19-04-2024 12:38 PM | Source: Accord Fintech
Global future will not be driven by big tech firms but by India`s digital public infrastructure: Amitabh Kant

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India's G-20 sherpa Amitabh Kant has said that the global future will not be driven by big technology firms but by the digital public infrastructure (DPI) platforms developed locally. He said India will transfer its DPI to the rest of the world, and already there are many examples of countries warming up to the same. 

Kant stated that the DPI consists of the digital identity through Aadhaar, real time payment through the UPI platform and other services like account aggregator, and was showcased to the world during India's presidency of G-20 last year. He said during the G-20, the world accepted the definition and framework of the DPI, given the strides that India has made through its strategies. 

He further said India's DPI will transfer to the world, and the same will present a lot of opportunities for the country's entrepreneurs which need to be leveraged on. He also said DPI will become synonymous with the rest of the world. He added that this will be a big part of the India growth story during the period till 2047. He also underscored the need for a fund of funds for deep tech sector in India, which will help venture capital funds take the bets in startups engaged in the sector with a lot of relevance in the future.