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India needs to focus on digital infrastructure


India needs to focus on digital infrastructure
By Ejaz Ghani
Infrastructure investment in digital technology-increased access to mobile broadband, fibre-optic cable connections, and power-supply expansion-combined with the expansion of low-cost smartphones has enabled millions of Indians to connect to the internet for the first time. The number of enterprises and households that now have access to a computer has increased dramatically, and internet consumption is growing in double digits. This digital transformation has been accompanied by a growing wave of technological entrepreneurship.
Asia has taken the lead in technological entrepreneurship, as it now accounts for 52% of global growth in tech-company revenues, 43% of start-up funding, and 85% of patents filed. More than 90% of the world s smartphones are made in Asia. Four of the world s top-10 technology companies by market capitalisation are in Asia. While India still lags behind China, it is ahead of European c ....

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