Thumbnail Slider trial version

We want to push India's $1 trillion digital economy dream: Satya Nadella

BANGALURU:

As India embarks on its digital journey with full steam, Microsoft wishes to move in and provide every part of its tech stack to the country and its innovators, to help it become the $1 trillion digital economy as the country spends more on its tech sector, the company's Chairman and CEO Satya Nadella said here on Thursday.

Nadella told IANS that India's tax spend as a percentage of its GDP is becoming normalised when compared to the developed world, and is now among the top 10 countries.

"I ask, what happens if India spends more on its tech sector? What is the productivity gain that the world can benefit from? And here, we want to move in with our world-class offerings," Nadella said during a closed-door session.

"We want to be the infrastructure provider. We want to be the developer amplifier. We want to provide every part of our tech stack to basically help the country gain that leverage towards becoming a $1 trillion digital economy soon," he emphasised.

At the opening ceremony of the BRICS Business Forum in virtual mode last year, Prime Minister Narendra Modi said India's digital sector valuations will cross $1 trillion soon.

Minister of State for Electronics and Information Technology Rajeev Chandrasekhar said in November that over the next 5-7 years, "we will surely see our trillion-dollar digital economy goal become reality."

The IT and BPM sector has become one of the most significant growth catalysts for the Indian economy, contributing significantly to the country's GDP and public welfare.

According to India Brand Equity Foundation, the IT industry accounted for 7.4 per cent of India's GDP in FY22 and is expected to contribute 10 per cent to India's GDP by 2025.

Nadella said that we are no longer just a software company but a full systems' provider.

"We're making everything and we are making them in India, so that others can make in India as well, whether it's a small business or a public sector project," he noted.

The Microsoft CEO said that they are investing capital in India, like in building new data centres.

"We now have three data centres and the fourth one is coming soon," he informed.


WORLD    Sri Lanka    Colombo   
INDIA    UTTAR PRADESH    Ayodhya   
INDIA    NEW DELHI    NEW DELHI    BUSINESS    Market   
WORLD    Sri Lanka    Colombo   

Unbreakable bond exists between our nations, says PM Modi after holding 'productive talks' with Lankan President in Colombo

Praising Sri Lankan President Anura Kumara Dissanayake for his "personal commitment to India-Sri Lanka ties", Prime Minister Narendra Modi said that the two countries have added more momentum to linkages in security, trade, agriculture, housing, culture and other sectors during the bilateral discussions held at the Presidential Secretariat in Colombo, on Saturday.

WORLD    Sri Lanka    Colombo   
INDIA    TAMIL NADU    CHENNAI   
WORLD    Sri Lanka    Colombo   
WORLD    Sri Lanka    Colombo