Context:
India’s G20 Task Force on Digital Public Infrastructure for Economic Transformation, Financial Inclusion and Development released its final report on the Digital Public Infrastructure (DPI).
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- The Task Force was led by the Co-Chairs — Shri Amitabh Kant (G20 Sherpa of India) and Shri Nandan Nilekani (the Founding Chairman of UIDAI).
- The Report of the Task Force aims at strengthening the foundations of DPI worldwide.
- The work of this Task Force led to the acceptance of the definition and framework of the Digital Public Infrastructure (DPI) during India’s G20 Presidency and will be taken forward for implementation during the Brazilian and South African Presidencies.
India’s G20 Task Force on Digital Public Infrastructure
- It was established in January 2023 to oversee and facilitate achieving India’s G20 Presidency agenda and priorities on Digital Public Infrastructure (DPI) and Financial Inclusion.
- It looked at ways G20 member countries can boost productivity by adopting digital technology and DPI across sectors.
About the report of India’s G20 Task Force on DPI
- The Report encompasses three essential parts that collectively unravel the approach for global DPI advancement and adoption.
- Part 1: The DPI Approach emerges as a transformative paradigm that effectively addresses global challenges through innovative technological solutions.
- Part 2: It delves into how India has steered its DPI agenda, during its G20 Presidency in 2023 under its various working groups including the Global Partnership for Financial Inclusion (GPFI) of Finance Track and Digital Economy Working Group (DEWG) of the Sherpa Track.
- Part 3: It represents a forward-looking perspective, outlining a strategic blueprint for elevating DPI across various sectors.
What is Digital Public Infrastructure (DPI)?
- Digital public infrastructure (DPI) is a set of digital systems that enables countries to safely and efficiently provide economic opportunities and deliver social services.
- DPI spans the entire economy, connecting people, data, and money in much the same way that roads and railways connect people and goods.
Achievements of Digital Public Infrastructure
- India has the highest percentage of digital transactions globally, accounting for nearly 46% share.
- Unified payment interface (UPI) facilitates 13 billion transactions monthly, serving about 350 million individuals and 50 million merchants and DPI enabled direct transfer has saved Government $41 billion across Central Government Schemes.
Unified Payments Interface is an instant real-time payment system developed by NPCI to facilitate inter-bank transactions through mobile phones. - DPI has improved the lives of citizens through the Aadhaar ID system (digital identity to every Indian). Now, around 1.3 billion Indians possess Aadhar cards and on average 10 million eKYC per day is being facilitated through Aadhar.
- National Payment Corporation of India’s (NPCI’s) international arm has reached out for “UPI globalisation” to over 80 countries and has executed agreements with more than 20 payment partners in over 30 countries.