According to Infosys Technologies co-founder and chairman Mr. Nandan Nilekani, India will experience “significant economic activity” over the next ten years as a result of the open network for digital commerce (ONDC), record aggregation system, and government initiatives like the GST, FAStag, and e-way bills. He made the remarks while speaking at the 7th edition of the Global Technology Summit organised by Carnegie India.

In order to truly accelerate hyper-local commerce and make their companies more inclusive, ONDC will let the commerce industry to disintegrate. This will allow millions of small suppliers to sell on the network and millions of small retailers to join as small sellers on the platform.

Mr. Nilekani stated that he anticipates the ONDC, a government project to provide an open platform for all facets of the trade of commodities and services through electronic networks.

https://cfo.economictimes.indiatimes.com/news/india-to-see-significant-economic-activity-over-next-10-years-nandan-nilekani/95859736?utm_source=Mailer&utm_medium=newsletter&utm_campaign=etcfo_news_2022-11-30&dt=2022-11-30