India, Jan. 16 -- Considering that Indian economy is projected to grow to USD five trillion by 2030 and the digital economy accounting for one-fifth of the GDP, the latter should grow to USD one trillion even as 'India's Trillion-Dollar Digital Opportunity' - a 2019 report by the Ministry of Electronics and Information Technology (MeitY) in partnership with McKinsey & Company, had projected that "India can create up to $1 trillion of economic value from the digital economy in 2025".

Since then, three global developments have reordered the digital economy and continue to do so.

First, notwithstanding the pandemic shock that lasted for almost two years, it underscored the increasingly crucial role of digital ecosystem - from tele-consulta...