India's digital stack a ray of hope for Global South: PM Narendra Modi | Current Affairs | Vision IAS

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India's digital stack a ray of hope for Global South: PM Narendra Modi

2 min read

India's Digital Stack and Global Cooperation

Prime Minister Narendra Modi highlighted India's efforts to develop its digital stack, emphasizing its potential as a beacon of hope for the Global South. The country aims to expand digital cooperation and partnerships across the globe.

India-UK Fintech Corridor

  • Expected to create opportunities for new startups.
  • Fosters collaboration between the London Stock Exchange and India's Gujarat International Finance Tec-City (GIFT City).

Artificial Intelligence (AI)

Modi emphasized that AI should be “All-Inclusive”, supporting a global framework for ethical AI and committing to deliver AI benefits across India.

Global Digital Cooperation

  • India's digital innovations aim to strengthen digital partnerships globally.
  • Focus on financial integration, leveraging free-trade agreements like the one signed with the UK in July.

Modular Open-Source Identity Platform (MOSIP)

  • MOSIP is developed in India and adopted by over 25 countries as a sovereign digital identity system.
  • Described as digital empowerment rather than aid.

India's Digital Infrastructure

  • Includes systems like Unified Payments Interface (UPI), Aadhaar-Enabled Payment System, Bharat Bill Payments System, BharatQR, DigiLocker, DigiYatra, Government eMarketplace.

AI Impact Summit

  • Scheduled in India next year, following the AI Safety Summit in the UK.
  • Part of efforts to enhance global trade and partnerships.

India's AI Mission

Focused on building high-performance computing capacity to provide affordable and easy access to technology for innovators and startups.

  • Guided by principles of equitable access, population-scale scaling, and responsible deployment.
  • Aims to further advance AI using digital public infrastructure experience.
  • Tags :
  • India's Digital Stack
  • India-UK Fintech Corridor
  • Modular Open-Source Identity Platform (MOSIP)
  • India's AI Mission
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