"They will also need to be capable of dealing with India's challenges and figuring out ways to deal with those challenges," Sinha said. The minister said broadband assumes critical importance to India and the world to ensure digital connectivity, which will lead to higher productivity, as is proven in many a developed economy. "It enhances commerce, improves banking facilities, improves administrative facilities and empowers the public as a whole. It suggested that a 10 per cent increase in global internet traffic delivers on average a 1.3 per cent increase in global GDP.An increase of 10 per cent in the global mobile internet traffic would lead to 0.7 per cent increase in global GDP. "Today, apps are contributing 70 per cent to the mobile traffic," said Rajat Kathuria, director of ICRIER.

Source: Economic Times July 14, 2017 17:45 UTC