India, July 3 -- Information technology and communication technologies have huge potential to provide new opportunities and challenges for developing economies. Since the wave of liberalisation in the 1990's, India has harnessed technologies along with vast economic reforms to open up Indian markets to global businesses and investments. However, in the recent past, the Indian leadership's focus on amplifying digitisation has deepened and they have begun to acknowledge the potential to transform India into a true technology leader.

Potential of the Indian digital economy

It is estimated that India's digital economy has the potential to become a 1 Trillion USD ecosystem by 2025. This will have multiple positive consequences, from an incre...