The Indian internet economy is expected to reach US$ 1 trillion by 2030, with DPIs (digital public infrastructure) playing a crucial role in fostering inclusive growth. A report by Redseer Strategy Consultants highlights the significance of ONDC (Open Network for Digital Commerce) as a potential disruptor in the upcoming transformation, poised to democratise e-commerce across sectors. The report suggests ONDC could generate US$ 250-300 billion in GMV (gross merchandise value) by 2030, marking a substantial impact on the digital landscape. This information was unveiled during Redseer’s ‘Ground Zero 9.0, Resilience in Action’ event.

Redseer anticipates DPI-driven opportunities in retail, insurance, healthcare, and agritech. Startups will innovate by combining DPIs to enhance offerings. Mr. Nandan Nilekani emphasises the symbiotic relationship between startups and DPIs, which is crucial for digital service adoption and propelling India to a US$ 10 trillion economy. The Redseer report highlights DPIs’ role in India’s digital transformation, benefiting nearly 800 million people. DPIs have revolutionised governance and created startup opportunities, as detailed in the report.

Startups leverage DPIs for innovation, reducing costs, and nationwide reach. Redseer’s analysis shows over US$ 100 billion value unlocked for Indian startups. Aadhaar and UPI are pivotal, transforming governance and finance and spurring additional DPI launches. Mr. Nandan Nilekani notes their central role in India’s transformative journey, democratising access and accelerating growth. UPI catalyses large-scale payment platforms, democratising financial investments and transforming lending, impacting sectors like OTT, gaming, e-commerce, and subscriptions.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.