digital public infrastructure

No Time for False Modesty

Despite India’s success in pushing the DPI agenda during its Presidency of the G20 there have been some criticisms about the actual impact of its financial inclusion efforts. While there is no doubt that we are prone to embellishment, India’s achievements in the area are substantial. Criticisms about coercion are also unfounded given some level of market orchestration is necessary — especially in low and middle-income countries that are looking for accelerated development.

New Delhi Declaration

In an increasingly polarised world, the 2023 New Delhi Declaration at the Leaders Summit of the G20 was a diplomatic triumph. But as you read through the pages of the text it is striking how much it covers in terms of new technologies and their governance.

DPI Solutions

Rather than simply building DPI building blocks, countries that are looking to follow India’s DPI Approach should look to develop DPI solutions that leverage individual elements of the DPI stack in an interoperable manner.

Digital Gender Inclusion

India’s Pradhan Mantri Jan Dhan Yojana (PMJDY) has significantly increased bank account ownership since 2014, with 56% of these accounts owned by women, reducing the gender gap. However, most women use these accounts only for benefit transfers, not for savings or financial products. To enhance women’s financial engagement, promoting digital payments and designing services tailored to women’s needs, considering their unique challenges, is essential. Proper training and fostering a supportive ecosystem are crucial for genuine financial inclusion.

An Explosion of DPI

India’s digital public infrastructure has transformed daily life, with UPI processing billions of transactions monthly. However, global innovations, like mPESA in Kenya and DCash in the Eastern Caribbean, highlight the worldwide growth of DPI. At a recent knowledge-sharing event, global participants recognized India’s leadership in DPI and sought guidance on its design and governance. India’s experience positions it to guide other nations in developing robust digital ecosystems.