Hyderabad: Indian digital economy is going to touch USD one trillion in next five years, giving enormous business scope for the IT industry, with initiatives on good governance and faster delivery driving domestic demand, Union Minister Ravi Shankar Prasad said.
Asked if the current phase of slowdown in the IT industry is a matter of concern, he sought to allay apprehensions, noting that the Indian IT exports has touched the highest ever USD 100 billion mark and domestic companies having footprints in 200 cities of 80 countries.
“And all these initiatives of ‘Digital India’, ‘Make in India’, ‘Startup India’ designed to strengthen the IT ecosystem of the country for good governance, and faster delivery is going to create new opportunities,” Union Electronics and Information Technology Minister Ravi Shankar Prasad told.
He also said the government is promoting electronic manufacturing in a big way, and in the last one year alone, 40 mobile manufacturing companies have come to India, which are manufacturing 11 crore mobile phones and giving 40,000 jobs directly and 1.25 lakh-plus indirectly.
