India And Ghana Following A Similar Development Path In Creating Digital Economies

Ghana and India appear to be following similar development path in the way in which both economies are run by their current leaderships.

Speaking at the ongoing Future Investment Initiative (FII) summit in Riyadh, Saudi Arabia on Tuesday, 29th October, Prime Minister of India, Narendra Damodardas Modi, underscored the need for countries to speedily embrace the Fourth Industrial Revolution, as the surest bet to leapfrogging the ever changing global dynamics of development.

Prime Minister Modi stated his belief that India’s commitment to leverage on technology for accelerated growth is the key to its transformation.

He outlined some of the initiatives taken by the government of India in their economic digitization efforts. Among others, Mr. Modi highlighted the issuance of national Identification cards to all Indians, the use of mobile phone as a payments platform, and digital address systems.

“Undoubtedly, I do not see how any economy is going to catch up with the rest of the developed world without making deliberate efforts to conform to the contemporary trends of leveraging digital technology. The world is fast changing and technological innovations should define what a modern day economy should be”, Prime Minister Modi remarked.