Public and business sectors will profit from digital public infrastructure: FM

On Friday, Union Finance Minister Nirmala Sitaraman spoke on DPI( Digital Public Infrastructure) elaborating digital payments and consent based sharing have helped India to improve governance.

Infrastructure for digital public use will benefit both the public and private sectors says Nirmala Sitharaman. On this Dimple Arora reports…

Nirmala Sitharaman stated that digital public infrastructure has the potential to benefit both the public and private sectors. She emphasized the significance of developing digital public infrastructure as it lays the foundation for a digital economy. 

Thus, this infrastructure includes digital identity systems, digital payment systems, and data centers, among others. It can potentially benefit the public sector by increasing the efficiency and transparency of government services, while also benefiting the private sector by creating opportunities for innovation, job creation, and economic growth. 

Sitharaman also highlighted the importance of collaboration between the public and private sector in developing digital public infrastructure.She mentioned that the government and private sector need to work together to overcome the challenges involved in building this infrastructure, such as ensuring the protection of user data and privacy. She also mentioned initiatives that the government has already taken towards building a digital infrastructure, such as the Aadhaar digital identity system and the National Payments Corporation of India.

Also, Sitharaman believes that digital public infrastructure is crucial for the growth of a digital economy and that its development should be a priority for both the public and private sectors in India. She highlighted the potential benefits and opportunities that could arise from the implementation of a strong digital infrastructure, while also acknowledging the challenges that need to be addressed in the process.

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