BENGALURU : Bengaluru’s technological prowess will play a crucial role in making India achieve $1 trillion in digital economy, experts said at the ongoing Bengaluru Tech Summit. The digital economy growth target is in the backdrop of a February report from the ministry of electronics & information technology and McKinsey which stated that India can create over $1 trillion of economic value from the digital economy in 2025, with half the opportunity originating in new digital ecosystems. Bengaluru’s tech-focussed startups will play a major role in pushing India’s next wave of digital economy. According to a Nasscom-Zinnov report, Bengaluru has the third highest number of tech startups among global cities after Silicon Valley and London. Bengaluru’s leadership in “intelligent electronics" including AI, Internet of Things (IoT), and 5G will also be a key driver of the digital economy.

Source: Mint November 18, 2019 15:56 UTC