Citizens’ data trove to drive economic benefits

India’s economic progress in the coming decades will hinge on the data its 1.4 billion citizens generate.

As the country becomes increasingly digital, its citizens will add economic value worth billions of dollars when they shop online and pay for services including education, health care and entertainment.

Data and artificial intelligence (AI) could add $500 billion to India’s Gross Domestic Product by 2025, consultancy McKinsey & Co and IT industry lobby group Nasscom have forecast.