UN panel applauds India's digital initiatives for economic inclusion
New Delhi, June 13 (KNN) India has been applauded by a high-level panel on digital cooperation launched by UN Chief Antonio Guterres for undertaking revolutionary digital initiatives to ensure economic inclusion for its 1.3 billion citizens.
India Stack is a set of application programming interface that allows governments, businesses, startups and developers to utilize a unique digital infrastructure to solve India's hard problems towards presence-less, paperless and cashless service delivery, its website said.
It was launched to consider how digital cooperation can contribute to achievement of the Sustainable Development Goals.
The report 'The Age of Digital Interdependence' at the UN headquarters said that the combinations of digital public goods can create 'common rails' for innovation of inclusive digital products and services.
"The India Stack is an example of how a unified, multi-layered software platform with clear standards, provided by public entities, can give government agencies and entrepreneurs the technological building blocks to improve service delivery and develop new business models which promote economic inclusion," it said.
The report recognized the revolutionary digital initiatives taken by India to ensure economic inclusion for its 1.3 billion citizens.
Also the report stressed that digital cooperation must be tailor-made to meet the requirements of individual nations and communities, highlighting how India is achieving financial inclusion through its own digital platforms.
"What works in one country may not work in another. Rather than try to replicate specific successes, digital cooperation should aim to highlight best practices, standards and principles that can create conditions for local innovations to emerge and grow based on local issues, needs and cultural values," it said.
"India, for example, has added 300 million bank accounts in three years as new business models have been built on the India Stack, a set of government-managed online standards in areas including online payments and digital identity," the report said.