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India’s digital public infrastructure (DPI) model is a key offering to the world and is being considered, adopted or adapted by nations at varying s
India’s Digital Public Infrastructure (DPI), known as India Stack, has not only had a profound impact on the country’s economy but also has potential significance for global economic integration. This brief elucidates how this framework has facilitated financial inclusion, spurred innovation, and propelled economic growth in India. It highlights the foundational role of the India Stack in transforming the country’s financial landscape, and
Access to, and development of indigenous digital platforms and cutting-edge technologies is imperative for robust socio-economic development and national security. In turn, such process needs to be democratised, and undertaken in a sustainable manner. India is a first mover in this novel idea of democratising technology and developing Digital Public Goods. Operationalised in the digital infrastructure called India Stack, India’s strategy aims t
As data drives technological innovation in finance, open banking has gained global relevance. India has advanced in this domain through initiatives like the India Stack, as well as frameworks such as the Data Empowerment and Protection Architecture (DEPA) and the Account Aggregator (AA) framework. Additionally, the Digital Personal Data Protection (DPDP) Act is increasingly shaping India’s open banking landscape. Given the importance of data pr
India’s micro, small, and medium enterprises (MSME) sector is a key driver of the country’s economic and social development by fostering entrepreneurship and generating substantial employment opportunities at comparatively lower capital costs. However, inadequate access to finance is one of the most crucial barriers to the sector’s growth. Recent developments in digital public infrastructure in India could present new solutions to boost MSM
