AI To Be Part Of India Stack’s Innovation Journey: MoS IT Rajeev Chandrasekhar
- ByStartupStory | January 26, 2023
The country’s digital products architecture would grow more sophisticated in the future with the addition of an artificial intelligence layer, said Rajeev Chandrasekhar, Minister of State for Electronics and Information Technology, on January 25.
“What we have now is just India Stack 1.0 version. It will evolve and become more sophisticated and nuanced,” he said, kicking off the inaugural India Stack Developers Conference. “The smart dataset programme will soon be launched. There will also be an AI layer built into the stack.”
The conference will bring together the developer community, startups, corporations, and foreign governments interested in adopting the India Stack, which comprises digital public goods such as Aadhaar, United Payments Interface, and Digilocker.
According to Chandrashekhar, five-seven countries are scheduled to join one or more of these digital commodities networks by February-March.
“Many more countries are interested to implement their own versions of India Stack. One minister of an African country travelled all the way to Bengaluru to meet me and understand how they can do it,” he said.
Senior officials from Aadhaar, GeM (Government e-marketplace), Diksha (a public edtech effort), and Ayushman Bharat Digital Mission presented brief talks on the platforms’ roadmaps at the conference.
According to Aadhaar CEO Saurabh Garg, the biometric identity system has signed up more than 134 crore people in the country to date and handles over 7.5 crore transactions every day. Among these transactions are e-authentication by various organisations such as banks and fintech, as well as the Aadhaar-enabled payment service.
According to a GeM executive, with Rs 2 lakh crore in transactions in FY22, the e-commerce platform has now surpassed the top two privately managed competitors. It intends to reach Rs 3 lakh crore in e-commerce transactions over the next few years.
Nasscom CEO Debjani Ghosh stated at the conference that India is the only country establishing a citizen-centric digital economy. She shared an incident from 2008, when India had a bank account penetration rate of 17%. A renowned industry study at the time anticipated that it would take another 46 years for bank accounts to attain 80% penetration in the country. However, that target was met during the next six years.
“Nobody in the world has seen such a disruption happen. And the best thing is that it is open,” he said.
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