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250,000 gram panchayats to be digitally connected by mid-2018: Prasad

He says India's digital economy at the moment is $400 billion

Press Trust of India  |  Kolkata 

Ravi Shankar Prasad
Ravi Shankar Prasad

India's 2.5 lakh would be by the middle of 2018, Union Minister for Law, Justice and IT said today.

Prasad said, "So far one lakh GPs are via optical fibre under the "

Speaking at an ICC session here, he said that the country's digital economy at the moment was USD 400 billion, "which will touch USD one trillion in the next four to five years".

The minister said that India's massive digital leap has touched basic services like health, education and subsidy transfer.

According to him, the government has been able to save Rs 50,000 crore by sending subsidy directly to the consumer using the digital route.

India is now the third largest in terms of start-up formations, the minister said adding "2000 start-ups are formed every year".

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

First Published: Tue, July 18 2017. 18:51 IST