DiGi Framework seeks to advance cooperation between the United States, Japan, and the Republic of Korea in partnership with India to advance shared priorities.
DiGi Framework
- Partner Agencies: U.S. International Development Finance Corporation, the Japan Bank for International Cooperation (JBIC), and the Export-Import Bank of Korea (Korea Eximbank).
- Objective: It aims to further their collaboration with the Indian private sector to support digital infrastructure in India.
- Implementation: It will support projects in information and communications technology sector such as 5G, Open RAN, submarine cables, optical fiber networks, data centres, smart city, e-commerce, AI, and quantum technology.
Digital Public Infrastructure (DPI) in India
- India became the first country to build all three foundational DPIs through India Stack: digital identification (Aadhaar), real-time rapid payment (UPI) and data sharing architecture (Data Empowerment and Protection Architecture).
- Significance:
- Inclusive Development: DPI helped India achieve 80% financial inclusion during 2018-2023 and enabled direct benefit transfers supporting 87% of poor households during Covid-19.
- Economic Growth: Countries can speed up economic growth by 33% by implementing DPI in financial sector.
- Emission Reduction: DPI in climate sector can accelerate emissions control by 5-10 years through implementing DPI in carbon offsets and trading, land mapping, and weather information and monitoring.
India’s Efforts at Globalizing DPIs
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