U.S., Japan and South Korea signed Digital Infrastructure Growth Initiative for India Framework (DiGi Framework) | Current Affairs | Vision IAS
News Today Logo

U.S., Japan and South Korea signed Digital Infrastructure Growth Initiative for India Framework (DiGi Framework)

Posted 28 Oct 2024

2 min read

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

  • US-India Global Digital Development Partnership to deploy responsible use of emerging digital technologies in Asia and Africa.
  • G20 Framework for Systems of DPI adopted under India’s G20 leadership outlines principles for designing and deploying DPIs.
  • Virtual Global DPI Repository, being setup by India to host DPI-focussed tools, resources and experiences from around the world.
  • Tags :
  • Digital Public Infrastructure (DPI)
  • Digitalisation
  • DiGi Framework
Watch News Today