Description

As of 2014, 60% of the global population did not have access to Internet, of which, 56% belonged to emerging countries. As a positive correlation between Internet proliferation and economic development has already been established, bridging this digital divide has become a pressing challenge for the emerging economies. Greater Internet adoption affects several aspects of economic development such as reduction of emissions, better education facilities, effective governance, better manufacturing facilities, and a stronger innovation ecosystem. Recent digital initiatives by some emerging regions, such as China, India, Colombia, Africa, Estonia, Sri Lanka, and so on, showcase governments’ efforts to usher in a more Internet-led economic growth.