Enormous business scope for IT cos in India: Prasad

\ Hyderabad, Nov 7 (PTI) Indian digital economy is going to\touch USD one trillion in next five years, giving enormous\business scope for the IT industry, with initiatives on good\governance and faster delivery driving domestic demand, Union\Minister Ravi Shankar Prasad said.\ Asked if the current phase of slowdown in the IT industry\is a matter of concern, he sought to allay apprehensions,oting that the Indian IT exports has touched the highest ever\USD 100 billion mark and domestic companies having footprints\in 200 cities of 80 countries.\ \\"And all these initiatives of \\’Digital India\\’, \\’Make in\India\\’, \\’Startup India\\’ designed to strengthen the IT\ecosystem of the country for good governance, and faster\delivery is going to create new opportunities,\\" Union\Electronics and Information Technology Minister Ravi Shankar\Prasad told PTI.\ He also said the government is promoting electronic\manufacturing in a big way, and in the last one year alone, 40\mobile manufacturing companies have come to India, which are\manufacturing 11 crore mobile phones and giving 40,000 jobs\directly and 1.25 lakh-plus indirectly.\ \\"And the larger ecosystem of e-bank, e-payment, e-mandi\and other forms of digital delivery that the government\promoting is only going to create big demand in nation of 1.25\billion-plus population\\", Prasad said.\ He noted that 1.05 billion Indians are on Aadhaar today.\\\"We have opened 24 crore Jan dhan account of poor people who\had no bank access.\\"\ Four crore mobile phones and six crore Aadhaar have been\linked to Jan dhan accounts, which are leading to faster and\good delivery of subsidies, Prasad said. \\"And we have saved Rs\36,000 crore (through Direct Benefit Transfer system for\various schemes)\\".\ \\"With all this ecosystem, which is happening in this\country, Indian digital economy is going to become USD one\trillion in the coming four to five years. There is enormous\scope in India itself apart from great work Indian IT\companies are doing worldwide\\", the minister said. PTI RS DK\BAL\RYS\