Digitalization and Inclusive Growth

Digitalization has the potential of playing a transformative role in shaping inclusive growth, and India’s experience offers rich insights for other developing nations. The country has leveraged technology to enhance access to essential services like education, healthcare, and financial resources, significantly empowering marginalized communities. Initiatives such as the Direct Benefit Transfer (DBT) have improved transparency and efficiency in welfare distribution, ensuring that aid reaches those in need. Additionally, the rise of mobile payment systems and online platforms has fostered entrepreneurship, allowing individuals and small businesses to thrive in a more connected economy.

As we look at the experiences of countries like Egypt, it appears that while there are major initiatives to enhance digitalization in the economy, the full potential of a highly digitalized economy is yet to be realized. The Indian model illustrates how technology can bridge gaps and create opportunities for a broader segment of the population. Thus, this discussion aims to open up avenues for exploring how other developing nations can draw from these lessons to cultivate their own inclusive growth strategies. By sharing insights and experiences, we can better understand the complexities of digitalization and its impact on economic development across diverse contexts.