$1-trillion digital economy by 2022: Govt to discuss roadmap with IT leaders

The meeting, which is expected to be held on June 16, will be chaired by IT minister Ravi Shankar Prasad.

Written by Pranav Mukul | New Delhi | Published:June 10, 2017 2:55 am
igital economy, indian digital economy, Ravi Shankar Prasad, IT, information technology, indian express news, india news, business news Union Minister for Electronics & Information Technology Ravi Shankar Prasad . PTI Photo

The information technology (IT) industry, which is reeling under pressures from key Western markets, will have a formal meeting with the Centre to discuss various problems that have reportedly resulted in job losses across the sector, a senior government official said.

In separate letters to top IT officials, Ministry of Electronics and Information Technology’s additional secretary Ajay Kumar wrote that the government is organising a high-level roundtable with select industry leaders for developing the roadmap towards the Centre’s target of having a $1-trillion digital economy by 2022. The meeting, which is expected to be held on June 16, will be chaired by IT minister Ravi Shankar Prasad.

The government official cited above told The Indian Express that soon after news reports of mass layoffs, the IT ministry began chalking out plans to have regular dialogues to deal with issues concerning the industry. The official also said that apart from the software sector, those from other aspects of digital economy — telecommunications, digital payments, banking, cyber security — have also been invited to the meeting.

In the recent months, the IT industry has faced business uncertainties from various fronts including issues pertaining to H-1B visa in the US, slowdown in key geographies and the growing need for more specialised skills, which reportedly led to a number of mid- and senior-level employees being laid off.

However, Nasscom stated that employee departures this year are in line with previous years — pegged to be in the range of 0.5 to 3 per cent on company level — and were largely driven by performance-related factors.

The US administration, under President Donald Trump, has initiated a number of steps to review the visa programme. In April, Trump signed an executive order, directing federal agencies to implement a ‘Buy American, Hire American’ strategy. He called on the Secretary of State, the Attorney General, the Secretary of Labor, and the Secretary of Homeland Security to “propose new rules and issue new guidance, to supersede or revise previous rules and guidance if appropriate, to protect the interests of United States workers in the administration of our immigration system, including through the prevention of fraud or abuse” and to “suggest reforms to help ensure that H-1B visas are awarded to the most-skilled or highest-paid petition beneficiaries”.

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  1. P
    pk
    Jun 11, 2017 at 2:45 pm
    IT needs to be product oriented and not service oriented. Skill upgrade programs need to be in place, quality of all engineering courses needs to be essed and corrected or rather upgraded. Quality essment of all colleges and grading needs to be done.
    Reply
  2. S
    Suhan
    Jun 11, 2017 at 10:27 am
    Wow! Government now needs more time till 2022. Means give them next chance in election. Shifting their goals till 2022. So intelligent. Luring the people with such figures of revenue till then. What happens if they cannot do it?
    Reply
  3. R
    rishi
    Jun 11, 2017 at 12:28 am
    Good going......the IT-ministry is in very committed and competent hands and the rapid growth of communications technology applications on such a large scale is a testimony to the mission-oriented, service-oriented and development -oriented approach of the NDA Govt. in every aspect of governance. Mr Prasad, the minister is one of the top stalwarts of BJP and a very seasoned politician whose visible confidence springs from his consistency of character and personal attrributes that speak of the honesty, integrity and hardwork of all the top people of BJP both in the states and the Centre .
    Reply
  4. I
    Ind
    Jun 10, 2017 at 8:42 pm
    Minister Ravi Shankar Prasad is against electricity development and satellite communication in India.
    Reply
  5. R
    Roby Mani
    Jun 10, 2017 at 6:12 pm
    Ache Din, Sabke Sath Sabke Vikas, Rs 15 lacks in the accounts of all under privileged, Make in India etc etc etc all Modi Jumlas and now $1-trillion digital economy by 2022 the biggest Jumla by the biggest jutley of them all.
    Reply
  6. X
    xyz
    Jun 10, 2017 at 3:01 pm
    Now those who have lost their jobs in IT dob't panic. Modiji has created a new pure hindutva IT (Indian Tea)dept in which all of you will be given jobs. You can start a business in IT (Indian Tea). The govt will not bankroll you.
    Reply
  7. P
    Parth Garg
    Jun 10, 2017 at 2:32 pm
    We could not as yet complete the GST network when the tax in supposed to be implemented from 1st July and we talk of $1-trillion digital economy by 2022. Funny! Day dreaming!
    Reply
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