Throughout history, societies and governments have constructed physical infrastructure, such as roads, railways, academic institutes, and electricity grids among others, with the shared goal of fostering economic growth and inclusive development, guided by the principle of open access. This physical infrastructure has served as catalysts for widespread innovation, providing opportunities for private enterprises, civil society organisations, and governments alike. Now as societies increasingly go digital, it is imperative to build digital rails – digital public infrastructure (DPI) that can leapfrog innovation and build systems that enable inclusivity, equity and simulate local growth for all. At the heart of India ’s DPI journey lies – India Stack – a moniker for a set of open APIs and digital public goods, that is unlocking the economic primitives of identity, data, and payments at population scale. At the heart of India Stack lies Aadhaar, India’s national identity program, with over possessing Aadhaar numbers today. Aadhaar enables digital authentication of key attributes via two-factor or biometric verification that has managed to enable remote identification of even the people who have never interacted with technology before. Since its inception, India has seen the opening of 462.5 million low-cost bank accounts, with women constituting 56% […]
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