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Listening Window Odisha Knowledge Hub Lecture Series 67

It will further create many job opportunities for India stack will lead to massive innovations. The
Indians. Internet will have a much bigger impact constant, cashless, paperless and presenceless
on offline sales. Last year 74% of car buyers in layer is a game changer. The system of paperless
India have done extensive online research before identification and payments and electronic KYC
purchasing the car. 25% of in store purchasers are (know your customer) will change the landscape
digitally influenced. of India. He urged the Government of Odisha to re-
imagine the governance structure by leveraging
The digital payment is at an inflection point. 50%
of internet users will be using digital payments and India stack. This can result in profound efficiency
50% consumer payment transactions will be non gains. India stack is our version like GPS (which was
cash by 2023. While 50 million users will contribute introduced by the United States as a public utility
50% of their spending via digital payments, it is until it became a global architectural product
expected that at least 500 billion dollars value of because of which companies like Uber and Ola are
payment will be flowing through digital payments thriving and serving consumers) which is a huge
in less than a decade’s time. accelerator of innovation in India.