India set a global benchmark in digitisation, says Finance Minister Nirmala Sitharaman

Finance Minister Nirmala Sitharaman has said that India is setting global benchmarks on the digital front and there is a sense of confidence in the country that it will be able to face geopolitical and economic uncertainties and still perform.

Answering a question on India's economic prospects in the face of global uncertainty, Ms. Sitharaman said India is now setting global standards, and countries around the world recognise this scale of achievement.

She said, there are countries that recognise that this scale of achievement is absolute watertight proof that it is unfailing over the years, over the numbers.

Sitharaman made these remarks an event at Johns Hopkins University in Washington on the topic "Technology, Finance, and Governance: The Multiplier Effect".

The finance minister explained that the Indian economy is doing good business largely because of the confidence in what has happened in the last two years.

She said the Indian economy's revival is on a sustained path and it will continue to be resilient in the face of a possible global recession.

Ms. Sitharaman said there were apprehensions in India after the government started the digitalisation of the economy in 2014 but the initial inhibitions of people were removed with the help of digital technology.

Explaining the Modi government's approach, she said good governance in India is being achieved by the use of technology and a certain transformation has happened due to ramping up the capacity for digitalisation of the economy.

She said that a certain transformation has happened in India in the recent past and people have adapted to the change with great ease.

Finance Minister Nirmala Sitharaman has said that India is setting global benchmarks on the digital front and there is a sense of confidence in the country that it will be able to face geopolitical and economic uncertainties and still perform.

Answering a question on India's economic prospects in the face of global uncertainty, Ms Sitharaman said India is now setting global standards, and countries around the world recognise this scale of achievement.

She said, there are countries which recognise that this scale of achievement is absolute watertight proof that it is unfailing over the years, over the numbers.

The finance minister explained that the Indian economy is doing good business largely because the confidence in what has happened in the last two years. She said the Indian economy's revival is on a sustained path and it will continue to be resilient in the face of a possible global recession.

Ms Sitharaman said there were apprehensions in India after the government started the digitalisation of the economy in 2014 but the initial inhibitions of people were removed with the help of digital technology.

Explaining the Modi government's approach, she said good governance in India is being achieved by the use of technology and a certain transformation has happened due to ramping up the capacity for digitalisation of the economy.

She said that a certain transformation has happened in India in the recent past and people have adapted to the change with great ease.