Tech News Desk – Bill Gates, one of the world’s biggest philanthropists, has praised India’s connectivity infrastructure. Gates, the Microsoft founder and the world’s richest man for a long time, said India would be the cheapest 5G market. That is, the people here will get the benefit of cheap high-speed internet. He said that India has the best digital network and a large number of smartphone users with good connectivity.
Under India’s G20 chairmanship, a session on ‘Building resilient and inclusive economies – The promise of digital public infrastructure’ was held in New Delhi on Wednesday. Bill Gates addressed the session and praised India’s competitive private market, reliable and low-cost connectivity and said that India will be the cheapest 5G market.
India ahead in digital banking
Bill Gates, co-chairman of Bill & Melinda Gates Foundation, also appreciated India’s efforts in providing digital identity. This has enabled the country to provide services such as finance. The Gates Foundation is aiming for digital inclusion, and Gates acknowledged that India has been at the forefront of providing access to digital banking with a focus on women.
IT Minister said- 2023 historical year
He said India has a good digital network and a large number of smartphone users. Describing 2023 as a historic year, Telecom and IT Minister Ashwini Vaishnav said that modern digital technology has arrived. He said that artificial intelligence, 5G and quantum computing have matured to become mainstream technologies.
1.5 trillion dollars transacted through UPI
IT Minister Vaishnav said that India has created excellent infrastructure for digital economy which is focused on transforming the lives of people. Describing India’s success, he cited the Unified Payments Interface (UPI) launched in 2016. Today, UPI facilitates transactions worth $1.5 trillion on an annual basis.