According to McKinsey Global Institute (MGI) report, adoption of 12 general purpose technologies and technology applications could help boost India?s GDP by another $550 billion-$1 trillion by 2025. The technologies include mobile internet, cloud technology, the automation of knowledge work, digital payments, verifiable digital identity, internet of things (IoT), intelligent transportation and distribution, advanced geographic information systems (GIS), genomics, rapid advancements in energy exploration, and renewable energy and its storage.
The report has added that the government’s Digital India initiative would also have significant impact on technology adoption in the country. The initiative?s focus on technology trends and their deployment in government operations would also help the country achieve an increment of 20-30 per cent in GDP by 2025.
