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Is Indian economy better prepared to deal with COVID-19 than it was during 2008 Global Financial Crisis?India is currently pursuing an "exciting" route of digital transformation which can be a learning experience for everyone, according to the IMF which is featuring a case study on the country's digital revolution in its new book.
Vitor Gaspar, Director of the International Monetary Fund's Fiscal Affairs Department, the IMF will put out book titled 'Digital Revolutions in Public Finance'.
"It is about 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," he said.
According to Gaspar, India is currently pursuing "an alternative and very exciting" route in which it is making the use of digital technology and digital records in public administration with new technologies that make use of financial inclusion and bio metrics.
"And by combining these new technologies it was possible for programs in India to improve targeting quite considerably particularly for rural populations that were supposed to benefit from the programs," he told
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
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