The leap in terms of digital economy and online processes which India has achieved in the past one month is because of the robust information technology services sector in India
Sector stakeholders are of the view that India-US relations, in terms of information technology, have scope to grow further at a much greater pace as the online and technology space witnessed great strides amid the COVID-19 pandemic.
Speaking at the 2nd Indo-US Services Summit organised by Indo-American Chamber of Commerce-NIC on Information & Technology (IT) and digital transformation, STPI Director General Omkar Rai noted that technology is a major binding force in the Indo-US relations.
“India and US relationship is so complementary. Their interest is also technology-based. Our cultivation, collaboration lies in technology”, he said.
Saying that amid the lockdown, India witnessed transformation and disruption, he added that the digital readiness of the nation was tested during the time.
The leap in terms of digital economy and online processes which India has achieved in the past one month is because of the robust information technology services sector in India, he added.
Adding that going ahead, much more immersive and animated content will have to be created, he said, “As we saw the pandemic’s impact in hospitality, tourism, we also saw great progress in other sectors such as education as we started online classes immediately”.
To digitise the entire ecosystem, such efforts are going to create a lot of opportunity in technology space.
As digitalisation has become important for inclusive and sustainable development of both the Indian and the US economies, Michael Rosenthal, Director, North India at US Embassy noted that information technology is a vital sector.
Noting that India’s digital economy annually generates $20 billion dollar, he said: “In the US Embassy, it is considered that in terms of business, US is the largest partner of Indian information technology players”.
Stressing on India’s standing in the global front in terms of information technology, Rosenthal added that India offers major scope for global players.
Highlighting India’s booming digital technology space, Arun Karna, Regional Vice President of IACC observed that since the pandemic started, there has been seen rapid adoption of digital technology.