January 6, 2023
2 mins read

‘We want to push India’s $1 tr digital economy dream’

Nadella said that India’s tax spend as a percentage of its GDP is becoming normalised when compared to the developed world, and is now among the top 10 countries…reports Asian Lite News

As India embarks on its digital journey with full steam, Microsoft wishes to move in and provide every part of its tech stack to the country and its innovators, to help it become the $1 trillion digital economy as the country spends more on its tech sector, the company’s Chairman and CEO Satya Nadella said here on Thursday.

Nadella said that India’s tax spend as a percentage of its GDP is becoming normalised when compared to the developed world, and is now among the top 10 countries.

“I ask, what happens if India spends more on its tech sector? What is the productivity gain that the world can benefit from? And here, we want to move in with our world-class offerings,” Nadella said during a closed-door session.

“We want to be the infrastructure provider. We want to be the developer amplifier. We want to provide every part of our tech stack to basically help the country gain that leverage towards becoming a $1 trillion digital economy soon,” he emphasised.

At the opening ceremony of the BRICS Business Forum in virtual mode last year, Prime Minister Narendra Modi said India’s digital sector valuations will cross $1 trillion soon.

Minister of State for Electronics and Information Technology Rajeev Chandrasekhar said in November that over the next 5-7 years, “we will surely see our trillion-dollar digital economy goal become reality.”

The IT and BPM sector has become one of the most significant growth catalysts for the Indian economy, contributing significantly to the country’s GDP and public welfare.

According to India Brand Equity Foundation, the IT industry accounted for 7.4 per cent of India’s GDP in FY22 and is expected to contribute 10 per cent to India’s GDP by 2025.

Nadella said that we are no longer just a software company but a full systems’ provider.

“We’re making everything and we are making them in India, so that others can make in India as well, whether it’s a small business or a public sector project,” he noted.

The Microsoft CEO said that they are investing capital in India, like in building new data centres.

“We now have three data centres and the fourth one is coming soon,” he informed.

ALSO READ: Modi Lauds King Charles

Previous Story

Nadella, Modi discusses how India Stack can transform world

Next Story

G20 foreign ministers set to meet in New Delhi in March

Latest from -Top News

Pahalgam Bled, But Kashmir Didn’t Bow

Pahalgam was the latest act in a long campaign of Pakistan-based militancy aimed at destabilizing Kashmir, especially as the region has gained strength through development,…writes John Spencer On April 22, 2025, gunmen

India–EFTA Trade Deal Gets Swiss Nod

Switzerland Ratifies Landmark EFTA-India Trade Pact, Paving Way for $100 Billion Investment…reports Asian Lite News Switzerland has ratified the Trade and Economic Partnership Agreement (TEPA) between India and the European Free Trade

Jaishankar Meets SCO Chief

Jaishankar is on a three-day visit to China to attend the Foreign Ministers’ Meeting of the SCO member states being held in Tianjin….reports Asian Lite News External Affairs Minister S. Jaishankar met

Jaishankar Bats for Better Ties with China

Jaishankar underlined the importance of open dialogue and the exchange of perspectives as essential between two major neighbours and economies….reports Asian Lite News External Affairs Minister S. Jaishankar, in talks with Chinese

UN slams resumption of Houthi attacks

In the first such incidents for more than six months, the Yemeni group seized and then scuttled two Liberian-flagged bulk carriers operated by Greek shipping firms, leaving four seafarers presumed dead and
Go toTop

Don't Miss

Indian diaspora seek action against Hindu hatred

The letter reads that incident will have a detrimental impact

Uttarakhand Enacts Law to Compensate for Riot Damages

Under this law, full recovery will be made from the