Nobel laureate Paul Michael Romer said – the world needs to learn from India's digital revolution, this is the real specialty of India.

New Delhi : Nobel laureate Professor Paul Michael Romer during his visit to India praised the country's digital revolution, acknowledging the important role played by the government in transforming the lives of citizens. Professor Roemer emphasized that India's approach to digital innovation stands out globally, particularly in its potential to bridge economic inequalities and benefit all sections of society.

Romer has praised the progress in the digital landscape in the country, saying, “Well…that's what makes the digital revolution in India so interesting, is that it has been used by the government to actually provide benefits to all members of society. Is. It has not generated profits only for a lucky few. And I think that's very different from most other countries around the world. So I think the success in India is unique, and other countries can learn from it.”

This is how we can shape the digital future

Talking about initiatives like UPI, Aadhaar, DigiLocker and DigiYatra, Romer said these developments have made daily life more efficient and accessible. According to Romer, these advances provide valuable lessons for other countries, especially those in the Global South. He stressed that India's journey shows how countries can shape their digital future.

Other countries can copy India's experience

Romer said, “I think the first thing that other countries in the Digital South should say to themselves is, if India can do it, we can do it too. Countries should have the confidence and ambition to do something that has never been done before, the way India did by creating the Aadhaar number. Therefore, other countries can copy India's experience and learn from it, but they should also tell themselves that we do not have to depend on rich countries. “We probably shouldn’t even let rich countries be in charge, because they can’t bring about the kind of improvements in quality of life that we really want for our citizens.”

Read this also…. Godrej Properties has taken 3 acres of land in Vastrapur, Ahmedabad and will build premium residential apartments.

Digital infrastructure successful despite challenges

Speaking on earlier fears about India's ability to implement such sweeping digital reforms despite digital infrastructure challenges, Romer said size does not determine success, citing China, Singapore, Taiwan and South Korea. Cited the success of Asian countries like Korea.

Roemer acknowledged that “…India is a country that has the ability to decide what it wants to do, and go where it wants to go. And this is what India did with digital services. They decided how they wanted to do it, they did it, and they became very successful….”

Need to learn from Indian success

Reflecting on the essential role of government in this transformation, Romer said India's approach contrasts with the more passive stance seen in Western countries. He believes that government leadership had an important role in driving the country's digital progress. Roemer said, “I think the role of government is important, and this is the lesson from the Indian success. In the United States, in the West, we generally have a much more laissez-faire type of market solution. Without this kind of collaboration between government and the private sector, what we have seen in these other countries is that the digital revolution has not generated the benefits that it could have, which many of us expected when we first entered these countries. There was hope as new technologies emerged.”

Read this also…. NSE's Diwali Muhurat trading will be held on November 1, know why this special event is happening

He drew parallels with the development of safe air travel, emphasizing that government innovation is often necessary for the private sector to thrive. Romer told everyone that “This is not a new lesson. Think about the wonderful invention of the airplane. We didn't get safe air travel because we said, let the market take care of air travel, air safety or air traffic control. We had government leadership and government innovation and government discovery about how to actually run something as complex as an air transportation system safely and get people around the world. So there was a time in the West when we knew how to use the government to create conditions where private airlines and other private operators could operate. But we have lost that insight in the digital world. We're just left behind. And the countries that have been successful, like India, are the countries where the government went back to that old tradition and said, let's do it again.”

Comments are closed.