Open Digital Ecosystems Can Unlock Opportunities Worth $700 Bn For India: Report

By | August 29, 2020

NODEs in sectors of talent, agriculture, small-medium businesses, can help close to 50-80 million additional Indians to find better-fit jobs, lead to 1.5x increase in farmersโ€™ income
BENGALURU: As conversations around digital public infrastructure start to gain momentum, platformisation and National Open Digital Ecosystems (NODEs) can unlock economic opportunities worth $700 billion for India, according to a study by management consultancy BCG and impact investor Omidyar Network India (ONI).
Examples of NODEs in India include Aadhaar (or the India Stack project), Unified Payments Interface and Nandan Nilekaniโ€™s recently launched Open Credit Enablement Network (OCEN) which provides platformisation and opportunities for private firms to build on these ecosystems.
According to the BCG-ONI study, before 2030, 10 potential NODEs in sectors such as health, jobs and skilling, agriculture, justice and logistics, among others, can collectively create new value worth $500 billion, equivalent to 5.5% of Indiaโ€™s GDP and generate $200 billion in savings for the country.
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