ranjan

Creating digital markets and boosting digitization can yield significant economic benefits and lead to substantial social benefits to societies and communities. Digitization is emerging as a new tool to build and sustain such absolute advantages, and in some cases even to claim the right to win and beat competition in certain sectors - a critical capability that underpins all other national economic efforts. Digitization has the potential to boost productivity, create new jobs, and enhance the quality of life for society at large. If emerging markets could double the digitization index for their poorest citizens over the next 10 years, result would be a global $4.4 Trillion gain in nominal GDP, an extra $930 billion in the cumulative household income for the poorest, and 64 million new jobs for today's socially and economically most marginal groups which will enable 580 million people to climb above the poverty line. If policymakers want to capture these rich returns, then they nee