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One of the world’s largest donors Bill Gates India’s connectivity infrastructure has been praised. Gates, the founder of Microsoft and long the world’s richest man, said India would be the cheapest 5G market. That means the people here will get the benefit of cheap high-speed internet. He said that India has the best digital network and has a large number of smartphone users with good connectivity.
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A session on ‘Building Resilient and Inclusive Economies – The Promise of Digital Public Infrastructure’ was held in New Delhi on Wednesday under India’s G20 chairmanship. Bill Gates addressed the session and praised India’s competitive private market, reliable and low-cost connectivity and said that India will be the cheapest 5G market.
India ahead in digital banking
Bill Gates, co-chairman of the Bill and Melinda Gates Foundation, also praised India’s efforts to provide digital identity. It has enabled the country to provide services like finance. The Gates Foundation aims for digital inclusion and Gates acknowledged that India is at the forefront of providing access to digital banking with a focus on women.
The IT Minister said- 2023 is a historic year
He said that India has a good digital network and has a large number of smartphone users. Telecom and IT Minister Ashwini Vaishnav termed 2023 as a historic year and said that modern digital technology has arrived. He said that artificial intelligence, 5G and quantum computing have matured to become mainstream technologies.
1.5 trillion dollar transactions through UPI
IT Minister Vaishnav said that India has built excellent infrastructure for a digital economy, which focuses on transforming people’s lives. Describing India’s success, he mentioned the Unified Payments Interface (UPI) launched in 2016. Today, UPI facilitates $1.5 trillion transactions annually.