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.
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.
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.
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.
New technologies, like AI, provoke existential fears in various professions - from writers to musicians and artists. While AI threatens to replace human skills, including intellectual ones, these technologies will also create new opportunities and skill sets. It is premature to worry about human obsolescence.
