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Information Technology Minister Ravi Shankar Prasad will on Thursday meet select top chief executives of IT companies as part of efforts to realise the ambition of transforming India into a trillion-dollar digital economy by 2025.
“We see India’s digital economy growing to $1 trillion in the 5-7 years.. say by 2025. We expect an employment potential of 50-70 lakh by 2025 in the IT sector”, Prasad said.
The Minister said he counts IT-enabled services, electronic manufacturing, cyber security and digital payments, among others, as part of digital economy.
Secretaries of several crucial government departments, including Telecommunications, are expected to attend the Thursday meeting, said official sources.
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The IT Ministry wants to ensure it is on the right direction with regards to digital economy development and will therefore look to take feedback from the top IT companies on this front, Ajay Prakash Sawhney, Secretary, Electronics and Information Technology, told BusinessLine here.
The digital economy in India is currently estimated at $170 billion.
Thursday’s meeting will also see how more technologies can be used in other activities such as agriculture.
Prasad’s remarks on giving a boost to digital economy came on a day when a new FICCI-Nasscom and EY report said that by 2022, as much as 9 per cent of the country’s 600 million estimated workforce will be deployed in jobs that do not even exist today.
According the report, there will be a job slowdown for the next two years as companies struggle to restructure their business models, and by 2022, the entire job landscape will undergo a drastic change.
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