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September 2023

From The President

By CA Chirag Doshi, President
Reading Time 6 mins
Dear BCAS Family,
 
“Let’s go invent tomorrow instead of worrying about what happened yesterday.” – Steve Jobs. India is reinventing itself and is gearing up to leap into the future with aggressive digital transformation. The e-initiatives that are enabling India to take rapid strides in transforming itself — from a developing economy to a developed economy — are Unified Payment Interface (UPI), DigiLocker, eSign, Aadhaar-enabled Payment Services, e-KYC, GSTIN, TIN, Aarogya Setu, CoWIN, FASTag, E-WayBill, National Digital Library of India, ONDC and many more. As per a NASSCOM report, in FY2023, India’s technology industry revenue, including hardware, is estimated to cross $245 Bn. The domestic technology sector is expected to reach $51 Bn, on the back of continued investments by enterprises and the government. I also read a report and came across a few technologies that would change how we live, work, study, commute and interact: Artificial Intelligence (e.g., creative AI), Quantum Computing, Green Technology (e.g., Autonomous Vehicles), Virtual Offices, Video Conferencing, Robotics, Virtual Reality, Blockchain (e.g., Web3), Spatial Computing, Predictive Analysis, Health Tech, etc. ONDC — REIMAGINING DIGITAL COMMERCE
A digital initiative of the Government of India, which will be a real game changer and wh
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