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› Forums › AgriTech › Discussions(Agri) › An open data ecosystem can boost India’s GDP by $22 B and double farmer income
Tagged: AgriTech_V6
#Discussion(AgriTech) [ via IoTForIndiaGroup ]
Question: Does this happen and working?
MeiTY says increased data transparency will drive growth and improve governance across key industry sectors in the time to come.
YES Bank in association with the Ministry of Electronics and Information Technology (MeitY) has released a study that says an ‘open data ecosystem’ can grow India’s GDP by $22 billion by 2020. It could impact critical sectors like agriculture and double farmer income by reducing wastage and system inefficiencies.
The report titled Open Government, Open Data – Re-imagining India observes that farmers’ income could be twice of what it is in less than five years from now. Universal Health coverage could be strengthened, and micro-loans could be disbursed to millions of MSMEs more effectively through a well-functioning open data ecosystem.