India is undergoing an ‘exciting digital transformation,’ that can be a learning experience for everyone, according to the International Monetary Fund which will feature a case study on the country’s digital revolution in its new book.
Vitor Gaspar, director of the IMF’s Fiscal Affairs Department, said that the book Digital Revolutions in Public Finance will feature “what is happening in the world in terms of the use of digital technology in public finance. It is also looking at the future trying to foresee what is coming as a true set of revolutions. One of the case studies in the book is India. It was also possible to make sure that there were no leakages of any significance in the system, that monies were not being diverted to other ends,”reports the Deccan Herald.
Gaspar said that viewed as a social policy, the efficiency and growth of the country’s digital transformation are quite impressive. “So that seems to be the route that India is taking. And from the viewpoint of the Fund, we hope that we’re going to be able to learn a lot from it. And we’re following it closely,” Gaspar added.
