President Droupadi Murmu said that India has become the world's second-largest producer of mobile phones, with a fivefold rise in production in the last decade. This highlights the global recognition of India's expertise in digital transactions and systems.
References to the nation's AI drive, the rapid roll-out of 5G, the investments in the semiconductor sector, and the fast expansion of the startup environment resounded in her inaugural address to a combined sitting of the two Houses in the new Parliament building.
She went on to say that India is still one of the world's top digital economies and that 46% of all digital transactions happen in India right now. "Digital India has greatly simplified doing business and living in India. As of today, everyone agrees that this is a major accomplishment for India. She went on to say that not even wealthy nations have a digital infrastructure on par with India's.
Last month, UPI processed 1,200 crore transactions, according to Murmu. The money involved is a record-breaking 18 lakh crore rupees, she announced. The President went on to say that India had the world's quickest 5G rollout and that the Digital Personal Data Protection Act will make the internet a safer place.
As a result of this expansion, the startup ecosystem has grown from a few hundred to over a lakh startups in the nation.
The Aatmanirbhar Bharat and Make in India initiatives have turned out to be our greatest assets. As of right now, India is the number two mobile phone producer in the world. The production of mobile phones has increased fivefold in the past decade, she added. She went on to say that other countries around the world are now offering the option to conduct transactions through UPI, highlighting India's digital influence. Loans can now be disbursed more quickly and easily thanks to digital India.
A total of 2.75 lakh crore rupees in public funds were saved from falling into the wrong hands because to the Jan Dhan-Aadhaar-Mobile (JAM) trinity, which has helped reduce corruption by identifying and removing fraudulent beneficiaries. Up to this point, my government has used DBT to transfer Rs 34 lakh crore. Jan Dhan Aadhar Mobile (JAM) was instrumental in removing around 10 crore fraudulent beneficiaries. According to the president, this has helped ensure that Rs 2.75 lakh crore did not fall into the wrong hands.
In addition, she mentioned that DigiLocker is making life easier by issuing over 6 billion papers to consumers. The Ayushman Bharat Health Account has generated digital health IDs for almost 53 crore individuals.
Broadband subscriber numbers have multiplied by a factor of fourteen. The country's over 2 lakh local panchayats are now linked through optical fiber. In rural areas, almost 4 lakh common service centers have been established. She mentioned that these had grown into a significant employer. Andaman-Nicobar and Lakshadweep are two examples of the remote and distant islands that have recently received government attention for the purpose of constructing modern infrastructure.
Modern amenities have also been created on these islands by my government. The area has been equipped with roads, air connectivity, and high-speed internet facilities. Noting that these steps will assist both the local population and tourists, she mentioned that Lakshadweep was also connected with underwater optical fiber just a few weeks ago."Made in India" is now a household name all across the world, according to Murmu.
"Our 'Make in India' program has now captivated the world. "The goal of 'Atma Nirbhar Bharat' is being appreciated by the world," she declared. The new markets in India are attracting interest from businesses worldwide. Investments in the semiconductor industry serve as one example of this. She went on to say that the semiconductor industry was a boon to the electronics and automotive sectors as well.
New opportunities for young Indians and new paths for entrepreneurs are being paved by the government's Artificial Intelligence initiative. She went on to say that this will also have a profound impact on the medical, educational, and agricultural sectors. Equally, the National Quantum Mission has received approval from my government. A cutting-edge digital backbone will be created by quantum computing. She added that efforts are currently on to keep India in the forefront of this.
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