Digital transformation: Supercharging the Indian economy and powering an Aatmanirbhar Bharat

The digital revolution is well underway in India, and the country is rapidly establishing itself as a major player in the digital economy, with the IT and digital industries at the forefront of enabling seamless digitalization. The industry has grown significantly as a result of the transition from legacy to new-age digitized processes. Over the years, the Indian IT industry has pushed its boundaries and accomplished incredible feats. It has grown at a CAGR of more than 15% from $196 billion to over $225 billion in FY22. If current growth rates continue, the IT industry will be worth approximately $394 billion by 2027.

However, in order to achieve the goal of making India a $1 trillion digital economy, efforts must be significantly increased. The need of the hour is to invest in digital transformation and achieve a 25% CAGR, which will help India become a $687 billion IT powerhouse by 2027 and bring us closer to the goal of becoming a $1 trillion digital economy within this decade.

While some might view this as a lofty goal, it's not, rather it necessitates a strategic rethink and a commitment to a multi-pronged approach to building a 'Digital Aatmanirbhar Bharat'.


Read the full news here https://economictimes.indiatimes.com/news/economy/policy/digital-transformation-supercharging-the-indian-economy-and-powering-an-aatmanirbhar-bharat/articleshow/98772846.cms


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