Indian Prime Minister Narendra Modi today addressed the G20 Digital Economy Ministers’ Meet in Bengaluru via video message and said India”s digital infrastructure offers solutions for global challenges. Addressing the gathering that included delegates from across the world, he talked about India”s digital economy, various digital platforms and the models G20 nations can emulate from India”s digital infrastructure. the Prime Minister welcomed the dignitaries to the city of Bengaluru and said there can be no better place than the city to discuss digital economy.
“Technology has connected us like never before. It holds the promise of inclusive and sustainable development for all”, the Prime Minister remarked as he emphasized that G20 nations have a unique opportunity to lay the foundations for an inclusive, prosperous, and secure global digital future.
PM Modi emphasized that an entire ecosystem of technology-based solutions can be built to address the challenges faced by humanity. “All it needs from us are the four C”s – Conviction, Commitment, Coordination, and Collaboration,” he said.
Prime Minister Modi gave an acronym for India’s unique digital identity platforms covering more than 1.3 billion people: JAM trinity- Jan Dhan bank accounts, Aadhaar, and Mobile. He said these platforms revolutionized financial inclusion and the UPI payment system where nearly 10 billion transactions take place every month, and 45% of the global real-time payments happen in India.