Last updated: March 05, 2023, 3:42 PM IST
Ajay Seth, Secretary of the Ministry of Economic Affairs. (File photo)
In India, DPI has made DBT emerge as a boon in providing relief and relief to millions of citizens whose livelihoods have been impacted.
India has saved more than $27 billion on key central government schemes through direct benefits because it is fast and eliminates corruption, Ajay Seth, secretary of the economy ministry, said on Sunday.
Delivering his keynote address at the second meeting of the Global Partnership for Financial Inclusion, Seth said Digital Public Infrastructure (DPI), created by India, is inherently scalable, interoperable, innovation-friendly and inclusive and has completely transformed government into people, people to people and interactions between people and companies.
“And since the transfers are all direct, end-to-end and fast, there is little room for corruption and leaks and deletion of duplicate/fake beneficiaries. In our own experience, DBT has resulted in savings of more than $27 billion across all major central government schemes,” the official said.
In India, DPI has made DBT emerge as a boon in providing relief and relief to millions of citizens whose livelihoods have been impacted. The government could help millions by providing vaccines and social protection through DPI, Seth noted.
In recent years, the G20 has helped the world navigate through multiple shocks and continues to provide guidance for global economic coordination. India plans to build on it to make it even more relevant, especially for the Global South.
“The Indian G-20 presidency is thus both an opportunity and a responsibility to encourage collective solutions and restore confidence in multilateralism,” said Seth.
India is ready to share its technical capabilities and knowledge resources to empower the people of the South, he added.
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(This story has not been edited by News18 staff and was published from a syndicated news agency feed)
