The electronics manufacturing sector alone can contribute $1 trillion towards achieving the $5 trillion economy dream of Prime Minister Narendra Modi, Ravi Shankar Prasad, Union Minister for IT has said.
To help policymakers in formulating effective policies and reforms for attracting investments in India, industry body Assocham organised an online conference.
Tech like blockchain, artificial intelligence (AI), machine learning and robotic process automation have potential to resolve inefficiencies in India’s current trade finance system, and make the process efficient at the bank’s, buyer’s, seller’s, as well as the SME’s end, said ASSOCHAM-Deloitte report.
Singapore-based hybrid blockchain firm XinFin in association with Assocham has launched its marketplace platform, TradeFinex.
More than 50 % of online shopping in India are done on cash on delivery method and the digital commerce market in the country is expected to cross $50 billion in value by the end of 2018
Considering that Indian cyberspace is vulnerable to cyber crime, the country must formulate a crisis management plan to tackle cyber attacks, cyber terrorism and cyber espionage attempts