The model that created UPI, Bharat Bill Pay & Aadhaar-bank linkages can benefit every country
During the first two decades of the 21st century, Google, Amazon, Meta, Apple and Microsoft have been at the forefront of a massive explosion in innovation and value creation. They, along with Chinese firms Alibaba and Tencent dominate the global sphere in digital advertising, commerce, messaging, cloud infrastructure, social media and mobile operating systems amongst others.
India took a unique path
In contrast, India has adopted an unprecedented and a powerful new approach in policy governance through the adoption of digital public infrastructure (DPI). This has enabled India to digitally leapfrog with the public sector playing a key role in defining the regulatory guardrails, and the private sector innovating and competing in the marketplace.
India took a unique path
In contrast, India has adopted an unprecedented and a powerful new approach in policy governance through the adoption of digital public infrastructure (DPI). This has enabled India to digitally leapfrog with the public sector playing a key role in defining the regulatory guardrails, and the private sector innovating and competing in the marketplace.