Digital core would double the country's GDP in shorter time: TCS CEO

The digital core is getting developed with various initiatives of the government

The digital movement would double the country's GDP at the minimum at a much shorter time, said N Chandrasekaran, CEO and MD of Tata Consultancy Services Ltd.

Delivering key note address in the inaugural session of Connect 2016, an information and communications technology event organised by Confederation of Indian Industry (CII) in Chennai, he said that the core digital ecosystem, with Aadhar, digitisation of bank accounts under Jan Dhan Yojana, payment infrastructure leading the nation towards cashless transaction, and the aspirational goal of building smart cities.

The investments into telecom infrastructure increases the access and it acts as a digital core developed in each community, following which the entrepreneurs are born.

 

"I have no doubt, at the very minimum, this will double our GDP, that is the potential, at a much shorter timeframe than any of us can predict," he said.

There is so much innovation opportunity as the digital core is getting developed, but one should not wait for the core to develop, and engage in parallally developing and boosting all kinds of innovation ecosystems. It could be start ups or incubation centres or such other forms.

TCS is working along with MIT Media Lab to create social innovation in Nashik, to bring peopel from local area and student entrepreneurs to innovation.