Digital Public Infrastructure Repository: India’s Vision for Global Financial Inclusion

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What is a Digital Public Infrastructure Repository and why has this term gained prominence after the G20 2023 Summit? What is the vision of Digital Public Infrastructure India and what are the new plans of the government to implement it? What initiatives are thought to be taken and how can India start working on it? All these are common questions that are currently searched on Searching Giant and many keywords related to this particular term are in use. As we all know, all the members of the G20 summit have officially adopted the “G20 Leader’s New Declaration” with 100% consensus under the India Presidency of G20. This declaration has covered several issues ranging from countering terrorism to gender equality to climate change to food security and to digital public infrastructure. 

“Digital Public Infrastructure India (DPI): Bridging Divides and Fostering Global Inclusion”

On the final day of India’s Presidency of G20, Prime Minister Modi emphasized adopting digital public infrastructure India (DPI) to link the digital divide and expedite development. There is no doubt that we live in a world where everything is available merely with just one click. From purchasing to paying bills, from getting information to sharing it everything is easy in the digital era. Without any trouble, we can easily find the solution to any problem and even we can take a medical consultant and save our medical data online so that we don’t need to carry heavy files every time with us. 

 

The government understands the importance of it and that is why DPI was the centrepiece of the India Presidency of G20. The vision of Digital Public Infrastructure India is to advance financial inclusion not only in the nation but on a global scale through the help of technology. In the middle of current geopolitical tensions, the digital pitch of India was highly accepted at the meeting of the India Presidency of G20. The G20 joint declaration was agreed upon by G20 members and they even heartily welcomed the plan of Bharat to construct and maintain a Global Digital Public Infrastructure Repository. It is basically a virtual repository of DPI. The declaration of India’s Presidency of G20, made a statement while announcing GDPIR and the importance of Digital Transformation and talked about Digital Public Infrastructure India. 

 

Global Recognition and Agreement on Global Digital Public Infrastructure Repository (GDPIR)

The statement reads, “Welcome the plan of Bharat to create and even maintain a Global Digital Public Infrastructure Repository (GDPIR) which is willingly shared by the members of G20 under India Presidency of G20”. Rajeev Chandrasekhar, Union Minister of India also emphasized the importance of DPI and what are the reasons that G20 members agree on it. He even shared his happiness over the 100% consensus and stated that it was the first time that all G20 members agreed on a joint agreement without creating any issues, and this historic moment happened under India’s Presidency of G20. He said that there was a global consensus on the principles of DPIs, information technology security in digital skills and digital economy, within the working group of G20 digital economy leaders. 

 

There are many people who are still having difficulty understanding the terminology of the Global Digital Public Infrastructure Repository and how it will help the growth of the economy and connect the world. What exactly is India’s G20 Digital Transformation? GDPIR is basically a virtual repository of DPI and the reason for its adoption is to facilitate the making of a global digital infrastructure. In simple words, it is a kind of storehouse of details developed in virtual form for a GDPI. As per the statement of the G20 declaration, the vision of the repository is to share the information and experiences of the advancement and deployment of DPI both private and government businesses. 

Secure and Well-Built Repository Systems

These repository systems are quite secure and well-built and can be developed using open-source and standard software. These secured systems have a budding to share relevant and huge services to the people. In simple words, it will make things easy to get all the facilities online or we can say it is a one-way platform for all kinds of services that include payment infrastructure, data exchange solutions and digital identification that aid nations to provide important services to their individuals, authorizing inhabitants and bettering lives by providing digital solutions. In short, the vision of India G20 Digital Transformation is to enhance the overall quality of people’s lives through the help of technology and GDPIR is quite similar to Digital Public Infrastructure India.

Examples Of Digital Public Infrastructure (DPI) In India

To understand in a better way, here are some examples of it that are adopted by India as per their Digital Public Infrastructure India: Aadhaar Card (an identity system), Unified Payments Interface (UPI) {a digital platform to make online payments}, Jan Dhan, Account Aggregators and so on. All these are the components of DPI that are getting positive reviews and praise from all over the world. As per the Union Minister, To implement “Digital Public Infrastructure India,” the government has signed Memorandums of Understanding (MoUs) with eight nations to foster collaboration and innovation in the field of DPI. Initiatives like Digilocker and UPI have received positive feedback worldwide, highlighting India’s leadership in this area.

Recognition From World Bank

Digital Public Infrastructure India also received acclaim from the World Bank. The policy document of the World Bank mentioned that sans DPI such as Mobile phones, Jan Dhan Bank accounts, Aadhaar cards, and Bharat might take around 50 years to obtain a financial inclusion rate of 80% which the nation has received within 6 years. It is quite impressive and the biggest achievement of Digital Public Infrastructure India. We are acclaiming the achievement of India and wanting other nations to adopt this kind of digital transformation. Apart from that, the G20 New Delhi Leaders’ Declaration has underlined the focus on constructing security, resilience, security and the faint in the digital economy. 

Role of Global Digital Public Infrastructure Repository

The Global Digital Public Infrastructure Repository is kind of a storehouse that will be available online and any person can visit it and check it. GDPIR has taken inspiration from Digital Public Infrastructure India.  At present, it is under construction but once completed, it will be accessible online for anyone to visit and learn from the “Global Website”. It will provide valuable insights into how different countries have implemented their DPIs and offer opportunities for nations to improve their own digital infrastructure. Through this, each nation can share the details of its DPI and let us know each other how it performs. One of the associates of the Indian Government, Abhishek Singh has shared a statement regarding it. As per Abhisekh, the Indian Government is working on the Global Digital Public Infrastructure Repository “DPI. Global. 

 

“This digital repository is like a storehouse where any country can find any kind of solutions from all over the world, including Bharat. Our nation is working with other nations to aid them and how they can use it.” The people who are working on this project are highly qualified and know how to make it work for the entire world. We are thrilled with this project and quite excited to aid other countries and to make them learn from our experience and from India’s G20 Digital Transformation. Through this, we are going to show the world how private companies and governments can work together to build a solid and fruitful digital market. We are taking this inspiration from Digital Public Infrastructure India and will implement things that are used in it. 

 

In summary, “Digital Public Infrastructure India” is an India G20 Digital Transformation initiative that aims to promote financial inclusion and economic growth globally through the development and sharing of digital infrastructure components. The GDPIR will serve as a virtual repository for DPI-related information, fostering international collaboration and knowledge sharing in this critical area.

 

Also Read: G20 Delhi Declaration

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