Digital public infrastructure for agriculture will be set up as an open source

This will enable inclusive farmer centric solutions through relevant information services of planning and health, improved access to farm inputs, credit and insurance help for crop estimation, market intelligence and support for growth of agritech industry, and startups, she said.

Yesterday, chief economic adviser V Anantha Nageswaran while presenting the Economic Survey 2022-23 had said India’s digital public infrastructure (DPI) can add around 0.6-1.0 percentage point to the country’s potential GDP growth rate and that there is a lot of justified optimism around it.

The survey went big on outlining the role of digital public goods.
In the coming months, platforms such as Open Network for Digital Commerce (ONDC) and Open Credit Enablement Network (OCEN) will open avenues for ecommerce market access and credit availability for small businesses and strengthen the expected economic growth in the medium term, the survey had said.

The use of such DPI has enhanced the quality of life for citizens to ensure the reach of social sector schemes to intended beneficiaries, especially during the pandemic, Chief Economic Advisor V Anantha Nageswaran said in his report.

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Successful vaccination drives through the one-stop Co-WIN portal, DigiLocker, Goods and Services Tax (GST) Sahay are a few success stories among many.The platforms will democratise digital payments, enable interoperability, and bring down transaction costs. This could potentially transform how businesses and consumers interact at present.

India’s DPI can add around 60-100 basis points (BPS) to the country’s potential GDP growth rate and there is a lot of justified optimism around it, said Nageswaran while presenting the Economic Survey of 2023.

“There is lots of justified optimism about India’s digital public infrastructure. The digital infrastructure can help the hitherto excluded sections get a fair shot at accessing national and international markets,” he said.

The bouquet of digital public infrastructure products like e-RUPI, E-Way Bill, and TReDS for MSMEs have ensured real value for money to consumers while reducing the compliance burden for producers, the Economic Survey added.

DPI was introduced in India in 2009 when Aadhaar was first launched. The emergence of Digital Public Infrastructure (DPI), aimed at improving financial literacy, innovation, entrepreneurship, employment generation, and empowering beneficiaries has played a critical role in uplifting the economy, said the Economic Survey.

Recently, in December 2022, UPI touched its highest-ever mark with 782 crore transactions worth ₹12.8 lakh crore. In FY22, UPI accounted for 52 per cent of the total 8,840 crore financial digital transactions.