Transforming Lives, Lesson For Others: IMF Lauds India's Digital Journey
NDTV
Luis E Breuer, IMF Senior Resident Representative to India, said in a tweet that India's digital public infrastructure is transforming people's lives.
India's journey in developing a "world-class digital public infrastructure" highlights the lesson for other countries that are embarking on their own digital transformation, International Monetary Fund has said in a working paper.
The working paper 'Stacking up the Benefits Lessons from India's Digital Journey" said that India's stack's development is guided by a foundational building blocks approach, and a focus on supporting innovation across the ecosystem.
The building block approach involves unbundling the components of the solution to a set of problems and identifying a minimal common core.
According to the paper, for a diverse country like India, a building block approach provides those closer to the problem with the basic tools to create tailored solutions. A focus on supporting a vibrant ecosystem implies the need for interoperability between the different digital public infrastructure (DPIs) and a competition-focused design. In India, interoperability was supported through open standards, allowing anyone to utilize the functionality provided by India Stack.
