India to be trillion digital economy soon: Nasscom

Speaking at the pre Vibrant Global Investors Summit (Vibrant Gujarat StartUp and Technology Summit 2018), Ghosh said: “The information and technology (IT) business in India is a $167 billion industry. “It is predicted to be $1 trillion digital economy in the coming years.”

She said of the $167 billion business, Gujarat’s share was only $1 billion.  “Gujarat is the home of entrepreneurs in the country. How come it has to learn from other experts from outside, whereas it should be the other way round? Gujarat’s growth is at 10.5 pc which is nice. Which other state is growing at that rate,” she asked. “But the IT sector needs to catch up. There are tremendous opportunities in energy, water, specially in health. But rather than treating IT growth as an isolated entity, there is a need to utilise IT in the existing traditional industry to make it grow,” she said. Ghosh also pointed out that start-up was not about money or creating infrastructure. 

“It needs a market. What the government really needs to do is start buying from budding start-ups. An atmosphere and an eco-system needs to be created. I think you can just leapfrog from here, just disrupt.” The Nasscom chief said that when Gujarat showed growth in other areas, the IT growth should be 10 fold than what is now.