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Tuesday, May 31, 2016

Digital India To Become $1 Tn Economy In The Next 5 Years: Ravi Shankar Prasad

Digital India is progressing well and will become a $1 trillion economy in the next 5 years says Ravi Shankar Prasad.
Presenting the two years achievements of ministry of communications & IT, Ravi Shankar Prasad, cabinet minister of communications & IT said, “India will be a $1 trillion economy in the next 5 years.”
Commenting on the break-up, Ravi Shankar Prasad said, “Electronics manufacturing will contribute $400 billion, IT and ITES will contribute $350 billion and $250 billion will come from the communications sector.
Top Eleven Achievements of Communications & IT Ministry In Last 2 Years

Shift From Corruption To Transparency: The shift from corruption to transparency resulted in highest ever revenue collection of Rs 1.10 lakh crore from Spectrum Auctions 2015.

Removing Policy Paralysis: Policies related to spectrum trading, spectrum sharing, spectrum liberalization, defence band identification, virtual network operator, full mobile number portability and sharing of active and passive infrastructure which were pending for a long time was cleared by Narendra Modi government.
Growth In Mobile Connections: Mobile connections increased by 12.26 crore during 2014-16 taking the overall mobile tally to 102.71 crore whereas mobile teledensity reached 80.95%. Even full mobile number protability (MNP) was introduced pan-India so that consumers can retain their mobile number. 55,669 villages will be provided mobile connectivity by 2019.
BSNL’s Transformation: BSNL’s operating profit is expected to reach around Rs 2,000 crore in FY 2015-16 from Rs 8,000 crore loss in FY 2013-14. In terms of mobile additions, BSNL has added 23 lakh new mobile additions in March 2016 and this is the highest in terms of net addition as per TRAI data. BSNL has also operationalized 2,000 Wi-Fi hotspots pan-India.
Increase In FDI: The telecom FDI (foreign direct investment) has reached Rs 27,000 crore ($4.09 billion) from $1.6 billion in FY 2012-14.
Gram Panchayat Connectivity: The department of telecommunications (DoT) has laid optical fiber in 50,732 gram panchayats. Optical fiber to the tune of 115,783 Km has been laid whereas the department has laid 143,000 optical duct.
Postal Transformation: Indian Post has the highest number of core banking branches in India vis-a-vis State Bank of India. State Bank of India has 16,066 branches connected to core banking whereas India Post has 22,137 branches connected to the core banking. To empower postman in rural and urban India, the postal department is planning to provide 120,000 gramin dak sewaks with handheld terminals whereas urban postman will get mobile phone or smartphone by the end of 2016.
CAG has ranked speed post as the best express mail delivery service across the nation. The Speed Post revenue for FY 2015-16 has reached Rs 1,600 crore. The cash on delivery collection has increased from Rs 500 crore in FY 2014-15 to Rs 1,300 crore in FY 2015-16. The India Post ATM has now reached 942 as on May 2016. India Post will rollout Payment Bank services from March 2017.
Aadhaar Enablement: As on May 2016, Aadhaar enrollment has reached 101.11 crore. In the Pahal scheme, the government has saved over Rs 15,000 crore in FY 2014-15 by weeding out 3.5 crore duplicate beneficiaries. In DBT (direct benefit transfer) scheme, the government has transferred Rs 61,000 crore in FY 2015-16 to 30 crore beneficiaries.
CSCs Becoming Profitable: As on May 2016, the department has around 2.05 lakh CSCs providing government to citizen services under nominal charges. The government is also increasing the scope of CSCs so that it is profitable in the long run.
New Heights Achieved In IT: The Indian IT sector has reached total revenues of $143 billion of which exports is over $108 billion. Plans are to develop our own supercomputer by 2017.
Big Boost In Electronic Manufacturing: As on April 2016, the total investments in electronics manufacturing is to the tune of Rs 120,000 crores. Mobile phone manufacturing has reached 11 crore in FY 2015-16 vis-a-vis 6 crore in FY 2014-15 thereby showing a growth of 83 percent. India has 17 new mobile manufacturing units where 40,000 people have been employed.
“Presently, India has 17 new mobile manufacturing units where 40,000 people have been employed and plans are to employ around 50 lakh people in the next 5-10 years in electronic manufacturing,” commented Prasad.
The government has plans to make India a big hub for Make in India and also provide platform for increased usage of digital services in the country.
Source: Ministry of Communications & IT

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