Stacking up the Benefits: Lessons from India's Digital Journey - 0 views
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John Kiff on 01 Apr 23The IMF published a paper on India's foundational digital public infrastructure (DPI), consisting of unique digital identification, payments system and data exchange layers, It has been harnessed to foster innovation and competition, expand markets, close gaps in financial inclusion, boost government revenue collection and improve public expenditure efficiency. In the paper's view, India's journey in developing a world-class DPI highlights powerful lessons for other countries embarking on their own digital transformation, in particular a design approach that focuses on shared building blocks and supporting innovation across the ecosystem.