According to the secretary of the Ministry of Electronics and Information Technology (MeitY), India’s digital economy is projected to account for nearly 20 per cent of the country’s gross domestic product (GDP) by 2030, driven by a growth rate that is double that of the broader economy. He said the digital economy, which encompasses the information technology (IT), IT-enabled services, and electronics sectors, currently contributes around 13 per cent to India’s GDP.
This upward trend, he noted, will be further accelerated by the growing adoption of artificial intelligence (AI) across sectors.
He said India has developed a model for applying AI research to digital public infrastructure to create scalable and affordable solutions for the world. Under the India AI Mission, AI compute infrastructure is now being made available to domestic innovators, entrepreneurs, and researchers at one-third of prevailing market prices.
Additionally, over 10,000 datasets and homegrown AI models have been made available. He expressed confidence that India’s software services exports, currently at around $250 billion, will not decline but will undergo a structural shift.
