Nalin Mehta’s views were featured by The Financial Express in this article on October 15, 2023 By Shivaji Dasgupta
At a foundation level, Nalin Mehta’s effort is a case study propelled by staggering statistics. As an elevated opinion, it is undeniable evidence of the success of Indian democracy, as citizen-centric efficacy and not just emotive air cover.
This is a compelling biography of the India Tech Stack, otherwise known as Digital Public Infrastructure (DPI), driven by the planks of identity, payments and data management. On identity, the proof is nearly 1.4 million Aadhaar enrolments by 2022. Its equivalent in payments is the blockbuster UPI, which is reflecting record transactions at over Rs 15 trillion. The data aggregation piece is backed by 140 million users of Digilocker until recently. No prizes for surmising that the numbers are only going northwards at Vande Bharat pace, stunning every knowing stakeholder and observer.
Loosely structured as an interplay of The Build, The Play, UPI and Hardware, the salient factual features are many. The JAM trinity (Jan Dhan, Aadhaar and Mobile), for instance, being confirmed by a mobile phone penetration of 85%, a Rs 10 price point for a single GB of data and an average usage of nearly 20 GB per month. Not to mention a banking penetration in excess of 80%, which is an iconic datapoint given our historical barriers. Most significantly, the kingsize momentum being driven by rural and women audiences, both previously contributing way less to the pie.
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Nalin Mehta’s views were featured by The Financial Express in this article on October 15, 2023 By Shivaji Dasgupta
