Product Country
Increase Font Size Decrease Font Size
Menu
Market News
 
Open data ecosystem has the power to double farmers income by 2022.
May 22, 2018

An open data ecosystem will impact India’s GDP by $22 billion, or the equivalent of two times the amount raised through the sale of 4G spectrum in 2017, according to a study by Yes Bank along with the Ministry of Electronics and Information Technology (MeitY). The study, titled 'Open Government, Open Data – Re-imagining India,’ claims that an open data ecosystem has the power to double farmers income by 2022 , provide Universal Health coverage and provide microloans to three million plus micro, small and medium enterprises among other benefits. 
 
The study however, points out underlying execution gaps of the Open Data project which have restricted its use and recommends steps which will boost data driven governance architecture. 
    

The Economic Times

Archive