United Nations General Assembly (UNGA) President Dennis Francis, citing the example of India, told a global audience in Rome that the country h❀as lifted millions of people outℱ of poverty through digitalisation.
Francis cited anꦚd lauded India’s example and said: “Take for example the case of India…. India has been able to lift 800 million people out of pꦍoverty over the last five or six years simply by the use of smartphones.”
Francis was delivering a lecture at the Food and Agriculture Organওisation (FAO) of the United Nations headquartered in Rome on “Accelerating progress towards Zero Hunger for the current and future generations.”
Francis underlined that 800 mi🌞llion people in India have been brought out of poverty and mentione🦋d that nearly everyone in the country owns a cell phone.
Francis noted that this is not the case in many regions of the Global South. “Equity demands that there has to be some effort, some initiative to address this inequa𓄧lity as an initial step ꧟in negotiating the Global Framework for Digitalisation.”
In 2009, only 17 per cent of adults in India had bank accounts, 15 per cent used digital pa🥂yments, one in 25 had a unique ID document and about 37 per cent had mobile phones♈.
These numbers have increased exponentially and today, teledensity has reached up to 93 per cent, over a billion people have a digital ID document, and more😼 than 80 per cent have bank accounts. As of 2022, over 600 crore digital payment transactions were completed per month.
The series of financial inclusion measures launched by the Indian government include Aadhaar, a biometric database that provides a unique identity to each Indian citizen; no-frills savings bank ac﷽counts called Jan Dhan; the direct transfer of social benefit payments into these Jan Dhan accounts; and a digital payment infrastructure called BHIM based on the Unified Payments Interface (UPI).
The UN has said that following the political declaration adopted at the occasion of the United Nations’ 75th anniversary in September 2020, the Secretary-General in September 2021 released 🤪his report ‘Our Common Agenda.’
The Common Agenda proposes a Global Digital Compact to be agreed at the high-level Summit of the Future in September 2🎃024.
(With PTI Inputs)
